eftpos to trial "mobile wallet"

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eftpos to trial "mobile wallet"

eftpos, the operator of Australia's most widely used debit card system will soon start a mobile payments trial.

A mobile wallet and NFC widget for smartphones will be provided by US-based C-SAM under a five-year agreement with eftpos. Those components will be white-labelled so that retailers and financial institutions can add their own branding.

The system will also provide for loyalty cards, special offers and receipts, much like Google Wallet.
A growing number of smartphones include NFC capabilities.
C-SAM's mobile commerce and payments system also supports banking, ticketing, insurance and money transfer, but there is no indication that they will be part of the eftpos offering. The C-SAM system is already used by Singapore's StarHub for payments, coupons, and movie ticketing.
"After almost 30 years in the market as Australia's most used payment card network at the point of sale, eftpos is now looking at new ways to pay," said eftpos CEO Bruce Mansfield. "This agreement will enable eftpos to move into proof of concept trials very quickly, to test various solutions for the Australian market.
There is no word yet about which retailers will be involved in the trials.
eftpos is owned by a number of financial institutions including the big four banks, plus Coles and Woolworths.
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