Visa moves to kill PINs by pushing Aussie banks towards biometric authentication

Visa moves to kill PINs by pushing Aussie banks towards biometric authentication — The Australian Financial Review — “A new Visa security roadmap outlines a four-year process for Australian banks to adopt new standards for e-commerce transactions, designed to streamline the purchasing process and reduce fraud, while implementing new information-sharing practices and tokenization technology.”


How Australians pay: Evidence from the 2016 Consumer Payments survey

How Australians pay: Evidence from the 2016 Consumer Payments survey — Reserve Bank of Australia — “Cards were the most frequently used means of payment in the 2016 survey, overtaking cash for the first time. Contactless ‘tap and go’ cards are an increasingly popular way of making payments, displacing cash for many lower-value transactions… Consumers are increasingly using their mobile phones to make online and person-to-person payments.”


Facial recognition technology to replace passports at Australian airports

Facial recognition technology to replace passports at Australian airports — ZDNet — “New technology will be rolled out at Australian airports that will eventually see the end of ‘known passengers’ producing their passports when arriving in the country. Minister for Immigration and Border Protection Peter Dutton said on Wednesday the new AU$22.5 million, three-year contract will initially see 105 new smartgates rolled out that will enable passengers to be processed using facial recognition.”


Tap-and-go kills the cash cow

Tap-and-go kills the cash cow — Sydney Morning Herald – “Australia has become a nation of tappers, with official figures showing that the card has finally overtaken cash as our most-frequently-used payment method… The Reserve Bank attributes that to several factors, including the widespread rollout of tap-and-go Eftpos functionality. Around one-third of all point-of-sale payments are now made using tap-and-go.”




Commuters on the F1 Manly to Circular Quay ferry first to tap into contactless ticketing on one of Sydney’s most iconic routes

Commuters on the F1 Manly to Circular Quay ferry first to tap into contactless ticketing on one of Sydney’s most iconic routes — Mastercard — “Paying for a ferry ride is now as easy as tap-and-go, as Mastercard and Transport for NSW bring contactless ticketing payment to Sydney Ferries… In an Australian first, commuters can use their Mastercard contactless card or mobile wallets that have enabled Mastercard cards to tap on.”


Citi Pay launches in the US

Citi Pay launches in the US — Citi — “Online and in-app purchases will be enabled through Citi’s integration of Masterpass… For Android users, the digital wallet also enables Citi cardholders to make in-store purchases by tapping their Android mobile devices at any NFC-enabled point-of-sale terminal… In 2016, Citi Pay launched in Singapore, Australia and Mexico with tap and pay capabilities.”


ACCC to question Apple on Westpac chat app payments ban

ACCC to question Apple on Westpac chat app payments ban — Australian Financial Review — “Technology giant Apple’s controversial decision to order Westpac Banking Corporation to disable a mobile banking feature that let customers make payments in chat apps such as WhatsApp and Facebook Messenger has caught the attention of Australia’s competition watchdog, amid concerns it could be attempting to remove rivals to its own upcoming service.”


Opal card implanted into Sydney man Meow-Meow could be deactivated by NSW authorities

Opal card implanted into Sydney man Meow-Meow could be deactivated by NSW authorities — ABC News — “Transport authorities in New South Wales have threatened to deactivate an Opal card that has been implanted in a Sydney man’s hand… ‘Transport for NSW does not support the tampering or damaging of Opal Cards, which would be a breach of the terms of use,’ they said.”


Sydney man has Opal card implanted into hand to make catching public transport easier

Sydney man has Opal card implanted into hand to make catching public transport easier — ABC News — “Bio-hacker Meow-Ludo Disco Gamma Meow-Meow, his legal name, had the Opal near-field communication (NFC) chip cut down and encased in bio-compatible plastic, measuring 1 millimetre by 6 millimetres. He then had the device implanted just beneath the skin on the side of his left hand. “It gives me an ability that not everyone else has, so if someone stole my wallet I could still get home,” he said.”


Google is running a massive Android Pay promo in Australia with 200,000 prizes worth $1.6 million

Google is running a massive Android Pay promo in Australia with 200,000 prizes worth $1.6 million — Android Police — “The gist is that you must be setting up Android Pay for the first time, or you must have set up a card previously but never used it. When you set up a new card in Australia or use your existing card for the first time, you will kick off a 30-day promo. Each transaction (up to 10 per day) gives you a virtual envelope, which could award you up to $500 in gift cards when opened.”


Westpac shock as Apple bans its messaging payments app after three months

Westpac shock as Apple bans its messaging payments app after three months — Australian Financial Review — “The iPhone maker surprisingly ordered Westpac to remove a key feature of its recently revamped mobile banking application, which let customers make payments in popular chat applications… In a letter to customers, seen by The Australian Financial Review, Westpac reveals that its Westpac Keyboard function will be removed in July.”






Android Pay begins its rollout across Canada

Android Pay has begun rolling out across Canada with support for eligible Visa and Mastercard credit cards from BMO Bank of Montreal, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services as well as prepaid Scotiabank and Desjardins cards... More




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