Mobile Contactless Payments in Australia

The mobile payments landscape is rapidly beginning to change and contactless payment systems are becoming part of everyday life in Australia. Many of the nation’s banks have already successfully implemented various near field communication (NFC) contactless card payment systems, and there have also been trials of NFC contactless mobile [...]

Jamie Roberts2017-09-08T10:11:12+00:00Published: May 6th, 2014|Tags: , , |

What exactly is the Australian EFTPOS system?

EFTPOS (Electronic Funds Transfer at Point Of Sale) is a technology that makes it possible for retailers to directly receive funds from a customer's bank account via their debit card. EFTPOS is the most frequently used payment system in Australia. According to official figures, the system handles approximately 70% of debit card transactions [...]

Anne Taylor2017-09-07T04:12:40+00:00Published: July 19th, 2015|Tags: , , , |