National Australia Bank (NAB) has begun issuing Visa cards equipped with contactless Visa payWave technology, according to zdnet.com. To support the new cards, NAB has also announced 2,500 contactless card readers will be delivered to merchants in Sydney and Melbourne.
The new cards will allow customers to pay for purchases less than $100 by simply hold their cards near a reader–no PIN numbers or signatures required.
According to a spokesperson for NAB, customers can request the new cards, or wait until they are automatically issued one.
NAB’s contactless initiative comes on the heels of Austrailia’s Commonwealth Bank, which has issued over three million contactless MasterCards and hopes to distribute 2000 readers by the end of the year.
So far NAB has kept quiet about the scope of its card distribution plans.
Read more here