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NAB signs with VeriFone for payments

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National Australia Bank is partnering with international payments specialist VeriFone to deliver systems that will allow NAB’s 130,000 merchant customers to accept payments using tablets or mobile phones.

One of the first systems that will be made available is a PAYware sleeve that turns iPhones and iPads into payments terminals. The bank has also embraced VeriFone’s development platform which will allow retailers or merchants to develop their own applications.

It’s a different tack to that taken by Commonwealth Bank which earlier this year announced a home grown development platform called Pi. CBA will provide selected software developers with the Pi APIs to allow them to write apps for its platform.

Apps which pass muster with CBA will then be made available for purchase or download from a CBA branded appstore.

NAB meanwhile is potentially opening itself to an international ecosystem of developers who write for the more widely deployed and international VeriFone platform.
It will also be able to access a range of VeriFone payments technology which is available for Apple, Android and BlackBerry devices.

The bank also announced that it would work with VeriFone to roll out new eftpos terminals for its merchants which would include colour and touch screens and embedded contactless readers.

According to NAB the new range of eftpos equipment (including tablets equipped with PAYware sleeves) can double as in store online catalogues, allowing in store to be combined with on line retail.

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Beverley Head

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Beverley Head is a Sydney-based freelance writer who specialises in exploring how and why technology changes everything - society, business, government, education, health. Beverley started writing about the business of technology in London in 1983 before moving to Australia in 1986. She was the technology editor of the Financial Review for almost a decade, and then became the newspaper's features editor before embarking on a freelance career, during which time she has written on a broad array of technology related topics for the Sydney Morning Herald, Age, Boss, BRW, Banking Day, Campus Review, Education Review, Insite and Government Technology Review. Beverley holds a degree in Metallurgy and the Science of Materials from Oxford University and a deep affection for things which are shaken not stirred.

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