29 November 2015

NAB to equip merchants with mobile and tablet POS devices

09 October 2012  |  7610 views  |  0 NAB web logo

National Australia Bank is to equip its 130,000-strong merchant network with technology from VeriFone capable of turning mobile phones and tablets into point-of-sale devices.

One of the first range of products available for merchants will be iPhone and iPad 'PAYware' sleeves. The sleeves will also be used to roll out technology upgrades on the fly, removing the need for any additional infrastructure.

Additionally, VeriFone's open platform enables retailers to develop their own apps without bank certification, offering faster innovation and quicker time to market.

The new point of sale devices could change the way merchants run their business by eliminating the need for a till in the store, says NAB. Mobile or tablet payment terminals can double as an 'online catalogue', linking to goods in warehouses which can be purchased and delivered, reducing the amount of stock businesses need to keep on site.

NAB is also working with VeriFone on rolling out new Eftpos terminals over the coming weeks. The terminals will feature colour and touch screens, embedded contactless readers, and a better ergonomic design and user interface, says the bank.

NAB's strategy is in contrast with neighbouring Commonwealth Bank, which in July unveiled plans to develop its own range of point-of-sale tablets, mobile attachments and app store.

David Gall, executive general manager, working capital services, NAB says: "The partnership aligns with NAB's strategy of working with global technology providers and allows us to bring the best of both worlds to our business customers - we maintain our focus on relationship banking, while providing our customers with access to world-class payments technology."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

28 August, 2012
17 July, 2012
05 January, 2012
28 October, 2011
18 July, 2011
08 June, 2011
15 April, 2011
31 January, 2011
20 December, 2010

Related company news


Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
7937 views comments | 34 tweets | 41 linkedin
Former Barclays chief forecasts massive jo...
6626 views comments | 29 tweets | 32 linkedin
BNP Paribas to test contactless payment di...
6231 views comments | 17 tweets | 25 linkedin
WeChat launches mobile wallet in South Afr...
5697 views comments | 18 tweets | 15 linkedin
Hilton confirms data breach
5587 views comments | 11 tweets | 17 linkedin

Featured job

Competitive Package
New York City, NY

Find your next job