Australia's eftpos opens to Apple Pay with ANZ
18 October 2017 | 1871 views | 0
eftpos, Australia’s own debit payments network, brings ANZ Access card customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.
ANZ is the first Australian financial institution to make in store eftpos mobile payments available to almost 1.6 million ANZ eftpos Access cardholders.
Security and privacy is at the core of Apple Pay. When you use an ANZ eftpos Access card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code.
eftpos Acting CEO, Mr Paul Jennings, said Apple Pay with eftpos will provide ANZ eftpos Access cardholders with the ability to make eftpos purchases on their iPhone or Apple Watch using their own money, processed in real time.
“Today marks a significant milestone for eftpos as we move from our traditional card based payment method into mobile, enabling consumers with an iPhone or Apple Watch to choose the eftpos account they wish their mobile payment to be made from, being either their eftpos CHQ/SAV account. Customers can set their account preference out of CHQ/SAV and then save themselves entering their account each time they pay. After providing trusted, secure card-based payments for 30 years, eftpos can now also be used to make mobile payments,” Mr Jennings said.
“About 1.6 million ANZ eftpos Access cardholders now have the opportunity to make payments on an iPhone or Apple Watch, many of whom may not have had the opportunity to make in store mobile payments before. As Australia’s most used debit card network, we are thrilled to be providing ANZ eftpos Access customers with more payment choice, with added benefits of enhanced security and comfort."
In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. To set up Apple Pay, ANZ Access cardholders simply need to open the Apple Wallet app in iOS 11 and follow the prompts.
Commenting on the new capability, ANZ Managing Director Products, Mr Bob Belan said: “ANZ has been at the forefront of mobile payment services for some time now. Today’s announcement offers our customers yet another great option for making convenient and secure purchases using their mobile device.
“We know from experience that Australian consumers increasingly want to use mobile payment services and so we’re happy to be working with eftpos in enabling Apple Pay as an option for our 1.6 million ANZ eftpos Access cardholders.”