Telstra along with local bank, NAB and Visa have launched a contactless, mobile phone payments trial with a group of consumers and participating merchants at Melbourne’s Docklands.This 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 merchant’s reader.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, according to Telstra. NAB Chief Operating Officer, Retail Banking Ms Lisa Gray, said customers will benefit from the speed and simplicity of using contactless mobile payments. The payment application can be quickly deactivated if a consumer lose his or her phone.
Telstra is providing its mobile payment technology to deliver this trial. 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 payment option.
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