Commonwealth Bank advances mobile phone regime
The Commonwealth Bank has announced it is adding multiple mobile phone-based payment options to its range of mobile banking services.
In a joint statement released this week with specialist company Giesecke & Devrient (G&D), the two companies said technology would be implemented to allow secure contactless payments using mobile phones featuring near field communication.
It said that in the first phase the bank would give iPhone 4 and 4S owners the opportunity to transfer their MasterCard PayPass details onto their smartphone.
The statement said that over the past few years, the Commonwealth Bank had pioneered the deployment of contactless technology in Australia.
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