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Construction needs cloud flexibility
Australia’s embattled construction sector could benefit from cloud based information systems that can be switched on and off in lockstep with individual projects – with the exception of those organisations based in remote areas like the Kimberleys.
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ANZ and Visa trial mobile payments
Tuesday, 15 March 2011 16:22
The financial institutions are running a trial extended to 50 people across their offices in Sydney and Melbourne, to test the potential use of mobile phones in minor transactions. To conduct the experiment, they rely on an Apple iPhone case in which a built-in memory card acts as a credit card. Following the principle of contactless credit cards, when waved in front of a contactless cards reader the built-in chip will authorise payment up to $100 without the requirement of either a signature or a PIN code.
ANZ's head of product management (consumer cards & unsecured lending) Sam Qubrosi said ANZ was proud to be experimenting with new ways of processing payments. 'This is all about making banking simpler and more practical for our customers,' he said. 'Mobile contactless payment is the next step in this evolution and we're excited to be breaking new ground with this trial.'
The technology was developed by San Francisco-based company, DeviceFidelity, which partnered with VISA to develop its payWave application already in use for credit cards. For the mobile application, a microSD card combines with protective iPhone case, hosting payWave.
Through the partnership with ANZ, the microSD card can now host a prepaid ANZ account that can be topped up over the Internet. Visa Australia country manager Vipin Kalra said the trial would change the way payments are processed in Australia. 'There's no doubt that mobile Visa payWave will be the way of the future and I'm sure that the participants will find mobile payments to be a convenient and easy replacement for cash, ideal for fast, simple transactions,' he said.
He added mobile phones offered endless opportunities to develop new technologies and therefore new services. ''¦ You could manage your account, detect fraud and receive real-time offers from merchants,' he said. 'Your mobile could become the new virtual wallet - it's in the future but that's definitely where we're headed.'
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