eftpos moves forward and trials digital payment option
eftpos is attempting to a take a new, low-cost approach to secure online and mobile digital payments through a new trial in partnership with two banks and a large retailer.
The trial, which will involve Commonwealth Bank, Coles and Bendigo and Adelaide Bank and up to 50 merchants, will see the trial of ‘eftpos digital payments,’ a mobile solution that could be used on any smartphone without costly additional hardware, and had the potential to work with a range of technologies such as Wireless, NFC, Bluetooth and QR Codes.
eftpos managing director Bruce Mansfield said the trial is a major step forward for the company because it would bring eftpos, Australia’s most-used payments service, into the online and mobile environments via a secure digital payments platform for the first time.
“The trial ‘eftpos digital payments’ solution is designed to be a secure, real-time and low-cost solution for the industry because it leverages existing payments infrastructure and other assets such as merchant terminals he said. Retail Biz – Read more…