Queensland investigates combined bank and transit card

Queensland investigates combined bank and transit card

The Australian state of Queensland is seeking partner banks to develop a combined contactless transit and payments card.

TransLink, the local transport authority, says it wants to add new features to the contactless "go card" launched a year ago, which covers buses, trains and ferries.

Speaking at the Cards & Payments Australasia conference, Colin Hegarty, Go Card operations and contracts manager, TransLink, says he is also looking at widening the use of the technology to cover parking payments and event access.

In addition, the authority is embarking on a trial at Griffith University, adding the "go card" chip to student cards. The card can also be used as an electronic purse for low value retail payments.

At the same conference, Philip Lowe, assistant governor of financial systems, Reserve Bank, said credit card fraud committed online, over the phone or by post has risen by around 50% in the last year, threatening consumer confidence in Internet shopping. He said more needs to be done to offer consumers secure payment options.

 

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