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 Monday, March 09, 2009

Results from Australia’s first trial of contactless mobile phone payments show a strong appetite for the technology and give Telstra, National Australia Bank and Visa the impetus to continue to work towards commercialisation of the technology.

The three-month trial at Melbourne’s Docklands saw consumers download the NAB Visa credit card software application to their Telstra SIM remotely, and then use their mobile phone to purchase goods and services by simply waving their phone over a participating merchant’s Visa payWave enabled reader. The costs of purchases were charged back to their NAB Visa credit card account.

The trial exceeded expectations, with a clear consumer demand emerging for contactless mobile payments and services during the trial, leading the three organisations to continue to explore opportunities in this area in the next few years.

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Source: Wireless Federation.

Monday, March 09, 2009 4:13:59 PM (W. Europe Standard Time, UTC+01:00)  #     |