Media Release
An Australian first: Telstra, NAB and Visa implement
Contactless Mobile Payments trial
In an exciting Australian first, Telstra, NAB and Visa today launched a contactless, mobile
phone payments trial with a group of consumers and participating merchants at Melbournes
Docklands.
This cutting edge technology allows consumers participating in the trial to remotely download
their NAB Visa credit card software application onto their Telstra mobile phone SIM card,
enabling them to purchase goods and services by waving their mobile phone over a
participating NAB merchants reader.
Consumers will find Contactless Mobile Payments to be a convenient and easy replacement
for cash, ideal for fast, simple, low value transactions under $35 such as buying a coffee,
lunch or a magazine. Compared to cash, payment via a Contactless mobile phone provides
enhanced transaction security, along with the ability to have the payment application quickly
deactivated should the consumer lose their phone.
Telstra Group Managing Director Enterprise and Government, Mr David Thodey, said as a
part of our wider engagement, Telstra is providing unique leading-edge mobile payment
technology to deliver this ground breaking trial. This 'Australian-first' is another demonstration
of Telstras commitment to offering world-class experiences and greater choice to our
customers. In the future we may be able to provide even greater convenience and choice to
our customers by giving them the ability to selectively add cards or accounts to their mobile
phone when they choose.
NAB Chief Operating Officer, Retail Banking Ms Lisa Gray, said
customers will benefit from
the speed and simplicity of using contactless mobile payments.
Our customers will be able to walk in to a store, select goods to purchase, wave their phone
over the reader, see the transaction approved immediately and leave without having to open
their wallet. In addition, NAB merchants availing of this new payment option can benefit from
the faster transaction times and reduced need for cash handling, Ms Gray said.
Visas General Manager, Australia and New Zealand, Mr Chris Clark, said consumers were
already using their mobile phones for music, messaging and high-speed Internet access, and
a payment application was a logical next step.
Mobile phones are one of the most promising new forms of payment in the world today.
Research indicates that contactless mobile payments are two to three times faster than an
average cash transaction¹. As the technology evolves, we expect it will be possible for
consumers to use their mobile phones to download electronic coupons tailored to their
interests, monitor their accounts, make mobile Internet payments and access other
applications that provide a compelling customer experience. We are very positive about the
opportunities, Mr Clark said.
The trial, involving 200 participants and 12 merchants in the Docklands area of Melbourne,
will run over the coming months and will enable
Telstra, NAB and Visa to assess Australian
consumers and retailers reaction to this innovative payment option.
Ends
Telstra Media Contact: NAB Media Contact: Visa Media Contact:
Martin Barr Anthony Wheaton Judy Shaw
Ph: 0418 101 127 Ph: 0448 818 528 Ph: 0418 415 965
1
Visa Smart Card Deployment Study in Taiwan and Malaysia conducted by Deloitte in 2006.