Home Your Tech Mobility Apple Pay arrives at ANZ Bank

ANZ Bank is the first Australian bank to participate in the Apple Pay digital wallet.

Apple Pay got off to a slow start in Australia, and until now only American Express cards directly issued by that company could be linked to an iPhone.

The consensus of opinion was that Australia's relatively low interchange fee regime for card transactions - around half the going rate in the US - didn't provide room for the percentage fee Apple was seeking from the banks.

But somehow ANZ Bank and Apple have found a way around that stumbling block. No details about that aspect the deal have been released, but it seems likely that Apple has accepted less than the 0.15% it reportedly collects in the US.

Many ANZ Visa and American Express cards can be used with Apple Pay (a full list is here). MasterCard, Access and Corporate cards are not supported.

“The introduction of Apple Pay is a significant milestone in our strategy to use digital technology to provide our customers with a superior experience and will be a watershed moment in the adoption of mobile payments in Australia," said ANZ CEO Shayne Elliott.

Apple Pay was announced alongside the iPhone 6 and iPhone 6 Plus.

It works with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch for contactless payments.

Apple Pay also provides an in-app payment function, which can be used on iPhone 6 and later, iPad Air 2, iPad mini 3 and iPad Pro.

The other major Australian banks - Commonwealth, NAB and Westpac - offer contactless payments using Android-based phones (most commonly Samsung models).

According to ANZ, more than 60% of card transactions in Australia are now contactless.

A recent study predicted 148 million people around the world will make contactless payments via their mobile phones by the end of 2016, with Apple and Samsung accounting for nearly 70% of new customers.

REASON TO CHOOSE TENDA MESH WIFI

Our Mesh WiFi system MW3 is the first in Australia market with price below AUD$200 for a set of three.

· Best valued product
· Strong signal covering up to 300m2 for MW3 and 500m2 for MW6
· Aesthetically pleasing and light weigh (blend into any room deco)
· Wireline backhauls supported
· Product units are pre-paired and easy to setup
· Not requiring phone number or email address to set up
· Wall penetration (better than other similar brands)
· Seamless WiFi roaming
· User friendly app with controls to setup a guest network, parental controls for disabling groups of devices you allocate to individuals, QoS and more

CLICK FOR MORE INFO!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Stephen Withers

joomla visitors

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

 

Popular News

 

Telecommunications

 

Sponsored News

 

 

 

 

Connect