Eftops, Australia’s system for processing payment card transactions at the point of sale, has announced plans to introduce contactless payment technology via card and mobile phone, as well as online purchases, according to the Herald Sun.
Eftops will pilot the new technology this week with a specially branded eftops card equipped with a contactess chip. The cards will be tested by Bendigo and Adelaide Bank Ltd employees ahead of a broader roll out planned for the second half of 2012, reports the Herald Sun.
Eftpos, which accounts for 85% of all debit payments nationwide, is reportedly deploying the technology in an effort to keep up with Visa and Mastercard, who have been providing contactless credit cards in Australia with growing success since 2009.
According to the Herald, the contactless roll out is the first change enacted to eftpos’ functionality in 25 years.
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