Commonwealth Bank (CBA)
News stories featuring Commonwealth Bank (CBA):
October 17th, 2016
Apple’s claim that allowing access to the NFC technology within its iPhones would diminish the security of Apple Pay has been branded “completely baseless” by a group of four Australian banks, who are seeking greater…
September 13th, 2016
A group of South Korean financial services providers are following in the footsteps of four Australian banks by preparing to take action against Apple in a bid to pressurise the technology giant into opening up…
September 9th, 2016
Customers of the Commonwealth Bank of Australia (CBA) and UK bank Barclays will soon be able to send money to each other using a mobile phone number through CBA’s CommBank app and Barclays’ Pingit P2P payment service. The option will…
August 31st, 2016
Apple has made clear that allowing access to the NFC technology within its iPhone is “not open to negotiation with any bank”.
August 22nd, 2016
The Australian Competition and Consumer Commission (ACCC) has decided not to grant a group of Australian banks interim authorization to “collectively negotiate” with third party mobile wallet providers.
August 10th, 2016
Apple is urging the Australian Competition and Consumer Commission to reject a request from a group of the country’s banks to “collectively negotiate” with third party mobile wallet providers over the introduction of mobile payment services.
July 27th, 2016
A group of Australian banks have submitted an application to the Australian Competition and Consumer Commission (ACCC), urging for the right to ensure they are able to “collectively negotiate” with third party mobile wallet providers.
December 11th, 2015
Apple is struggling to persuade Australia’s big banks to sign up for Apple Pay, according to Reuters. “The firm has yet to strike a deal with any of the four main banks — ANZ, National Australia Bank (NAB), Commonwealth Bank and Westpac,” the news agency reports. “That sets it adrift from 80% of consumers using mobile payments systems linked to other credit cards.” Apple Pay launched in Australia in November 2015 with support from American Express.
July 30th, 2015
Commonwealth Bank has added a loyalty feature to its mobile banking app that also offers HCE payments, allowing users to store loyalty cards and redeem them at the checkout with their NFC phone or by scanning the loyalty card barcode. The bank is also set to pilot a separate offers app in a shopping centre run by Westfield, ZDNet reports.
March 11th, 2015
Commonwealth Bank of Australia (CBA) is now offering customers with an NFC mobile phone running Android 4.4 KitKat or higher the ability to make mobile payments using host card emulation. “The payments can be made via CBA’s mobile banking app, which so far has 3.2 million registered users and has been used to make more than $100bn in transactions since late 2013,” Australian Financial Review reports.
June 30th, 2014
Russian Standard Bank has partnered with Samsung and MasterCard to offer NFC payments to consumers with a Galaxy S4 or Note 3 mobile phone. The service is the second embedded NFC payments service to be…
December 13th, 2013
Customers of Commonwealth Bank of Australia with a Samsung Galaxy S4 can make payments using a secure element embedded in their mobile phone today, and banks in Turkey, Russia and the Ukraine are due to begin offering the solution in the first quarter of 2014.
October 22nd, 2013
Commonwealth Bank of Australia has announced a series of upgrades to its mobile banking and payments service, including plans to offer NFC payments using secure elements embedded in “certain phones” and NFC stickers that can…
July 17th, 2012
The Australian bank has followed its Kaching mobile payments service with the launch of a point-of-sale application development platform that works with an Android-based POS terminal as well as an add-on for Apple iPhones and iPods and is designed to allow developers to add new types of features for merchants via mobile phone-style apps.
July 6th, 2012
“We would prefer to start using the chip that comes with the phone,” says CommBank’s head of online banking, but “currently the NFC chip (the secure element) in Android NFC-enabled phones is not available to us.”
May 28th, 2012
Commonwealth Bank of Australia (CBA) will release an Android version of its Kaching mobile payments service in the next six weeks, according to ZDNet Australia. Unlike the iPhone version of Kaching, however, which offers NFC payments in…
May 9th, 2012
The payments network has announced PayPass Wallet Services, a digital wallet platform that will support NFC. Eighteen financial institutions, American Airlines and bookseller Barnes & Noble are among those who have signed up for the service.
February 22nd, 2012
The bank has partnered with Visa Europe for a limited commercial NFC payments rollout, using iPhone 4 and 4S handsets equipped with Wireless Dynamics’ iCarte accessory.
February 20th, 2012
Commonwealth Bank of Australia’s CommBank Kaching NFC-enabled mobile payments app has been downloaded 110,761 times in the two months since it was first made available, the bank reports. “The first release of CommBank Kaching is just the beginning of the journey and we are constantly reviewing how to evolve our technology to deliver the best customer experience,” says the bank, which last week revealed it had picked Giesecke & Devrient as its TSM.
February 13th, 2012
Australia’s largest bank has chosen Giesecke & Devrient (G&D) as its trusted service manager. Commonwealth Bank launched its first NFC service, Commbank Kaching, in October 2011. The service lets iPhone users send money to their Facebook friends, and email contacts as well as make payments in stores via an add-on NFC case. The bank is now “adding multiple mobile phone-based payment options to its range of mobile banking services,” says G&D.
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