Commonwealth Bank of Australia is to offer retailers the opportunity to use their eftpos terminals for sales transactions other just debit and credit card purchases.
The upgrade package will give merchants the capability to use their point-of-sale terminals to sell a host of additional services to customers, including telephone vouchers and ring tones, cinema tickets, electronic gift vouchers, magazine subscriptions and bill payments. Retailers will receive a commission for every product sold.
The CBA says it has 100,000 eftpos customers nationwide. The new service is being introduced in association with e-commerce firm Intellect.