30 September 2016
Find out more

NatWest to trial contactless NFC payments on the iPhone

03 July 2012  |  8157 views  |  0 iphone apps on screen

The UK's NatWest Bank is to begin a four-month pilot trial of contactless mobile payments on the high street with 1000 customers.

For the TouchPay trial, NatWest is sending customers a free iCarte case that provides two-way NFC communications from an iPhone 4s and iPhone 4 to Visa PayWave terminals.

Once attached, customers are prompted to download a TocuhPay app from the bank, which must be launched in order to make a transaction. Users may configure the phone to operate like a contactless debit or credit card, requiring only a touch of the reader at the POS terminal to make a transaction. Alternatively, they can elect to enter a passcode for each individual purchase of £20 or less.

Australia's Commonwealth Bank offers the iCarte option for iPhone users as part of its Kaching mobile banking service. Available as a standalone free application, Kaching allows users to send money to others, either via text message, email or through Facebook. Users wishing to make payments at contactless terminals can buy the iCarte case for £54.95 from within the app.

In a statement on its Website inviting customers to sign up the services, NatWest says: "This is a trial of a new service and therefore is only available for users of iPhone 4S and iPhone 4 at this time. We hope to make TouchPay available for other smart phones in the future."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Deutsche Telekom and MasterCard form European m-payments partnership

Deutsche Telekom and MasterCard form European m-payments partnership

02 July 2012  |  7377 views  |  0 comments
I'm a person, not a bank: tweeters mistakenly bombard @natwest

I'm a person, not a bank: tweeters mistakenly bombard @natwest

25 June 2012  |  13014 views  |  1 comments | 1 tweets
RBS adds ATM cash dispensing to mobile banking app

RBS adds ATM cash dispensing to mobile banking app

13 June 2012  |  14771 views  |  7 comments | 1 tweets
Flagging contactless gets a boost from UK Post Office

Flagging contactless gets a boost from UK Post Office

31 May 2012  |  8738 views  |  1 comments
Everything Everywhere trials NFC bus ticketing

Everything Everywhere trials NFC bus ticketing

28 May 2012  |  6772 views  |  0 comments
Barclaycard rolls out contactless stickers

Barclaycard rolls out contactless stickers

19 April 2012  |  14939 views  |  0 comments
CommBank makes NFC play with Kaching

CommBank makes NFC play with Kaching

25 October 2011  |  9325 views  |  2 comments
NatWest launches mobile remittance for Polish expats in the UK

NatWest launches mobile remittance for Polish expats in the UK

22 December 2008  |  10260 views  |  0 comments
NatWest to shut down P2P payments business FastPay

NatWest to shut down P2P payments business FastPay

31 May 2005  |  10527 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit i2cinc.comVisit dh.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
10605 views comments | 32 tweets | 30 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7733 views comments | 15 tweets | 31 linkedin
US gets same day ACHUS gets same day ACH
7078 views comments | 23 tweets | 20 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6764 views comments | 13 tweets | 16 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
6666 views comments | 22 tweets | 29 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job