Topic “National Australia Bank”

As Their Resistance Crumbles, Australia’s Big Four Banks have Found that Opposing Apple Pay Too Costly, Despite Tech Giant’s Fees

NFC TIMES Exclusive Insight – Another one of Australia’s big four banks, National Australia Bank, has given in to pressure from customers and has agreed to support Apple Pay.

Australian Domestic Debit Network Nears Launch of Token Service Provider to Compete with Visa and Mastercard

NFC TIMES Exclusive – Australia’s largest domestic debit network, eftpos, plans to launch its overdue tokenization service commercially by the second quarter, likely serving at least one of the country’s big four banks for its HCE mobile wallet and one or more of the “Pays” wallets, such as Android Pay and possibly Apple Pay, NFC Times has learned.

Aussie Banking Group: Apple Holding Issuers ‘Hostage’ with Its Restrictive NFC Policies

Feb 13 2017

NFC TIMES Exclusive – A spokesman for four major Australian banks battling Apple for access to NFC technology on its iPhones shot back at Apple's latest filing with Australian competition officials, denying that the banks are trying to avoid paying fees to Apple to participate in the payments service, the spokesman told NFC Times.

Australian Banks Form Bloc to Counter Apple’s ‘Divide-and-Conquer Strategy

Aug 10 2016

NFC Times Exclusive Insight – In an unprecedented move, four major Australian banks, including three of the country’s big four financial institutions, have asked the

ANZ Launches with Apple Pay, as Apple Picks Off One of Big Four Australian Banks

NFC Times Exclusive Insight – ANZ is the first bank in Australia to launch with Apple Pay, with Apple able to crack into the big four banks, which had been balking at signing up for the payments service mainly because of Apple’s demands for transaction fees.

Why National Australia Bank Chose Scheme-Based Tokenization over Alternate PANs for HCE Launch

NFC Times Exclusive Insight – Three of the big four banks in Australia have now launched HCE mobile payments commercially, but only one of them, National Australia Bank, is using tokenization from a payments scheme, Visa.

Australian Banks Continue to Launch Android-Based Mobile Payments; No Deal Yet for Participation in Apple Pay

Feb 11 2016

NFC Times Exclusive Insight – Another major Australian bank, ANZ, has launched mobile payments with host card emulation, meaning that three of the country’s big four banks have now launched mobile payments using HCE for their customers packing Android phones.

Dateline Australia: Reality Check for Apple in Efforts to Expand Apple Pay

Jun 7 2015

MELBOURNE, SYDNEY, Australia – NFC Times Exclusive: On the face of it, Australia would seem like an ideal market for Apple to expand its Apple Pay service outside of the U.S. After all, iPhone market share here now hovers around 40%, usage rates of contactless payment at retail are the highest in the world and major banks are eager to roll out mobile payment.

Asia-Pacific Banks Gear Up for HCE; Likely Site of Some of the First Issuer-Led Launches

NFC Times Exclusive: Despite the interest in host-card emulation in North America and Europe grabbing the spotlight, there is a good chance that banks and other issuers in Asia-Pacific could generally commercialize the technology first, sources told NFC Times.

Australia’s Westpac to Launch First Project with Visa on Samsung Embedded Chips; HCE Gears Up in Market

A second of Australia’s big four banks, Westpac Banking Corp., said it will finally be ready to launch its long-planned NFC contactless payments service with Visa using embedded chips in Samsung phones by the end of April, the bank told NFC Times.

HEADLINE NEWS

German Transit Agency Plans to Complete Open-Loop Rollout on Buses and Trains This Quarter, Expand to Other Mobility Later

NFC TIMES Exclusive Insight – German transit agency SWB Bus and Bahn plans to fully roll out its contactless EMV fare payments service BONNsmart to its bus and train lines by the end of the first quarter, after launching a pilot last fall, confirmed a spokesman, who added that plans call for eventually expanding the contactless service to payments for parking and such micromobility modes as e-scooters.

Large Private U.S. Bus Company Latest to Adopt Mobile Ticketing in Covid Era

NFC TIMES Exclusive Insight – Academy Bus, a large private commuter and charter bus company serving the U.S. East Coast, has launched its first mobile-ticketing service with the SilverPass app, enabling commuters to purchase digital tickets with credit cards or employer benefit cards.

LA Transit Authority Introduces Virtual TAP Card on Android, Complementing Earlier Launch with Apple

Feb 2 2021

NFC TIMES Exclusive Insight – The Los Angeles County Metropolitan Transportation Authority, or Metro, has followed through with plans to offer Android NFC phone users a way to pay fares with the agency’s TAP closed-loop fare card.

Penetration Rates for Contactless Payments Saw Strong Growth in 2020, including in U.S., Say Networks

NFC TIMES Exclusive Insight – The CEOs of both Visa and Mastercard in their respective earnings calls yesterday confirmed that contactless payments continued to grow as a share of all face-to-face card payments, with consumer fears of handling cash building on already strong growth trends for the technology.

Moscow Metro Sees Continued Growth in Open-Loop Transactions Despite Fall in Ridership from Covid

NFC TIMES Exclusive Insight – The Moscow Metro saw a large increase in contactless open-loop transactions in 2020, despite a sharp fall in ridership because of the Covid-19 pandemic, according to Roman Latypov, a first deputy CEO for the transit agency.

Visa Increases Support for Analog Watches and Other Passive Wearables

NFC TIMES Exclusive Insight – Visa is supporting another provisioning company, Sweden-based Fidesmo, to deliver and manage Visa-generated tokens to passive wearables, such as analog designer watches, keyrings and bracelets. The move, which follows Visa’s support in recent months for at least one other provisioning company serving an analog watchmaker, promises to expand use of payments wearables to more issuers, markets and devices.  

U.S. Transit Agency in Pennsylvania Latest to Launch Mobile and Smart Card Ticketing with SaaS Platform

NFC TIMES Exclusive Insight – A mid-tier U.S. transit agency in Pennsylvania is the latest to introduce mobile ticketing with an option for riders to use smart cards to pay for fares, using a software-as-a-service ticketing platform from a start-up.

New York’s MTA Hits OMNY Milestone as Contactless EMV Transactions Continue to Grow

NFC TIMES Exclusive Insight – New York’s Metropolitan Transportation Authority has recorded more than 35 million contactless transactions since it launched its OMNY open-loop fare payments service in May of 2019, and usage continues to increase.

Milan Transit Operator Plans to Give Contactless EMV Fare Payments Larger Role, Including Use with Planned MaaS Platform

NFC TIMES Exclusive Insight – Milan’s public transit operator, Azienda Trasporti Milanesi, or ATM, which began accepting contactless credit and debit cards on its four-line metro in 2018, has begun to expand the EMV payments service to buses. But the agency has much larger plans for the technology.

Boston Transit Authority Makes Aggressive Move to Eliminate Cash in Planned Fare-Collection System

NFC TIMES EXCLUSIVE Insight – The Massachusetts Bay Transportation Authority, or MBTA, in Boston plans to completely do away with cash fare payments on its various transport modes when it rolls out its massive new fare-collection system, an MBTA official told attendees during a recent virtual conference.

Israel Launches Nationwide Mobile-Ticketing Scheme; Moovit, Others Provide Apps

NFC TIMES Exclusive Insight – Israel this week launched a nationwide mobile-ticketing system, enabling riders to pay for trips on buses and later on railways, with the charges assessed at the end of each month.

In-Depth: Networks Developing New Uses for SoftPOS, Though Questions Remain about Interoperability and Costs of Technology

NFC TIMES Exclusive Insight – While the idea of letting merchants use their own NFC-enabled smartphones and tablets as acceptance devices to take contactless EMV payments is still getting off the ground, some major payments networks are already working on expanding the technology to enable consumers to tap their own devices to pay.