Eftpos, a debit payments network in Australia, today announced that ANZ eftpos Access cards now feature support for Apple Pay.
ANZ is the first bank in Australia to make in-store eftpos mobile payments available to 1.6 million ANZ eftpos Access cardholders through Apple Pay.
Visa, American Express, and MasterCard credit and debit cards issued in Australia by participating banks already supported Apple Pay, but the addition of eftpos is notable as it's widely used in the country.
"Today marks a significant milestone for eftpos as we move from our traditional card based payment method into mobile, enabling consumers with an iPhone or Apple Watch to choose the eftpos account they wish their mobile payment to be made from, being either their eftpos CHQ/SAV account. Customers can set their account preference out of CHQ/SAV and then save themselves entering their account each time they pay. After providing trusted, secure card-based payments for 30 years, eftpos can now also be used to make mobile payments," Mr Jennings said.
"About 1.6 million ANZ eftpos Access cardholders now have the opportunity to make payments on an iPhone or Apple Watch, many of whom may not have had the opportunity to make in store mobile payments before. As Australia's most used debit card network, we are thrilled to be providing ANZ eftpos Access customers with more payment choice, with added benefits of enhanced security and comfort."
As Business Insider points out, support for eftpos reduces fees for both customers and retailers compared to other payment methods.
Support for eftpos is now listed on Apple's Australian Apple Pay website and Apple Pay is available to ANZ Access card customers in Australia immediately.
Top Rated Comments
Most of the large retailers here in Australia have rolled it out long time ago.
Sounds like ING didn't support transactions over $100 without a PIN regardless of the terminal had support for CDCVM.
It's just what all the banking institutions and Apple say because not all terminal support CDCVM, however a lot of them in Australia do already. So there is a chance you may be asked for a PIN.
But there are some examples of where CDCVM won't be able to be rolled out with just a simple update of the firmware/ software running, for example Australia Post outlets will need to replace all there terminals.
[doublepost=1508292133][/doublepost] Yes see here on Wikipedia ('https://en.wikipedia.org/wiki/Telephone_numbers_in_Australia#Local_Rate_and_FreeCall_numbers_.2813.2C_180.29') for more information about these And how they operate.
Definitely they're only banks, if they don't want to play ball it's not that hard to switch, Not to mention there's better deals out there specially in the Australian market with institutions that offer Apple Pay. For example Macquarie or ING.
And ANZ Supports more Apple Pay features than any other banking institution in Australia ('https://docs.google.com/spreadsheets/d/1pgHeaM7aK6OvszH1gR50dJNGrsQFIL1f4gl7AR2lMSw/edit?usp=sharing'). So they are definitely a good option if you want to be with one of the big banks.
I guess you're not missing HSBC's outdated systems for example they're terribly out of date and horrendous Internet banking and apps.
Definitely plenty of good players here in Australia that support Apple Pay, Like you my recommendation is if your banking institutions holding out it's time to give them the dump.
If the transaction is over $100 and the point-of-sale terminal supports CDCVM Touch ID or Face ID will be sufficient to authorise the transaction.
Most of the big banking institutions still have two cards available on most of their Bank Accounts, However some of the smaller institutions that support Apple Pay only have debit and credit cards, Most debit cards in the last few years have been issued as multi-scheme with support for chip and contactless eftpos. Check the back of your card for the eftpos and contactless logos which should be next to each other.
However I should add while this has been added to debit cards I'm not aware of any institution using those features yet from what I understand it's already to go however it's just waiting to be turned on.
Also only three of the big banks have started issuing chip and contactless eftpos only cards in Australia. ANZ was first then NAB and most recently Commonwealth Bank with the latter two not supporting Apple Pay.
(Edit: Some smaller credit unions have also started.)
We are making a change to the way you use Apple Pay.
For all existing Apple Pay customers we will be removing the requirement to enter a PIN for Apple Pay transactions over $100 in Australia. This is a progressive roll out taking place over the next few months.
From time to time though, the terminal you use may request you to enter a PIN.
For questions or if there's anything we can do, we’re here 24/7 on 133 464.
From the ING team.
Does this mean CDCVM will be rolled out to almost all terminals across Australia soon? Or are they just allowing it anyway? The "from time to time" part makes it a tad vague.