ANZ Bank NZ has released a contactless payments service for Android smartphones with a zero liability protection against fraudulent debit and credit transactions.
Called goMoney Wallet, the new application is integrated into the bank's existing Android app, which allows customers to check balances, transfer money and make payments. It will be available from tomorrow.
ANZ Australia also intends to launch a mobile wallet early next year, a bank spokesperson told iTnews.
The Australian version will take a different approach to the Kiwi mobile wallet, however, and will operate as a standalone application that is not integrated with goMoney.
ANZ Australia launched the ePOS iPhone-based solution for merchants to accept credit card payments in 2010.
Liz Maguire, the bank's NZ head of digital channels and transformation, said the driver for developing the mobile wallet came from customers.
"A mobile wallet was the number one request from ANZ goMoney customers when they were surveyed this year," Maguire said.
She said the mobile wallet uses host card emulation technology via NFC supported on newer devices running Google's Android operating system, and at merchants with contactless payments terminals.
Payments can only be performed within two centimetres of the terminal and with the phone active and providing confirmation, as a precaution against accidental transactions.
ANZ said the goMoney app uses "high-grade encryption and sophisticated fraud monitoring systems". Card details are sent encrypted via NFC to the terminal, and the system meets Visa's security certification requirements, the bank said.
Read More: http://www.itnews.com.au/news/anz-launches-android-mobile-wallet-across-the-tasman-412740
Called goMoney Wallet, the new application is integrated into the bank's existing Android app, which allows customers to check balances, transfer money and make payments. It will be available from tomorrow.
ANZ Australia also intends to launch a mobile wallet early next year, a bank spokesperson told iTnews.
The Australian version will take a different approach to the Kiwi mobile wallet, however, and will operate as a standalone application that is not integrated with goMoney.
ANZ Australia launched the ePOS iPhone-based solution for merchants to accept credit card payments in 2010.
Liz Maguire, the bank's NZ head of digital channels and transformation, said the driver for developing the mobile wallet came from customers.
"A mobile wallet was the number one request from ANZ goMoney customers when they were surveyed this year," Maguire said.
She said the mobile wallet uses host card emulation technology via NFC supported on newer devices running Google's Android operating system, and at merchants with contactless payments terminals.
Payments can only be performed within two centimetres of the terminal and with the phone active and providing confirmation, as a precaution against accidental transactions.
ANZ said the goMoney app uses "high-grade encryption and sophisticated fraud monitoring systems". Card details are sent encrypted via NFC to the terminal, and the system meets Visa's security certification requirements, the bank said.
Read More: http://www.itnews.com.au/news/anz-launches-android-mobile-wallet-across-the-tasman-412740
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