The Commonwealth Bank will install 2,000 contactless terminals in several businesses across Australia – including Melbourne’s Etihad Stadium – which will enable up to $90 worth of goods to be purchased by waving a Visa payWave or MasterCard PayPass credit card in front of a contactless terminal, according to a Melbourne IT news report.
Commonwealth Bank plans to roll out more of the contactless infrastructure in the next year. “We plan to have more than 2,000 terminals by the end of the year and with a terminal base of more than 160,000, we have the potential for tens of thousands of acceptance points to be installed in the next 12 months,” said Kelly Bayer, executive general manager business products and development at the bank.
The project follows an 18-month trial by the bank earlier this year which involved 200 contactless readers distributed across a range of cafes and restaurants.
Read the full story here.