Westpac trials NFC as Starbucks teams with Square
Westpac, one of the big 4 Australian banks, is trialling an app with NFC capability that can be used at existing MasterCard contactless terminals.
In the trial, customers’ debit card data is stored on their SIM card, enabling their phones to act like contactless cards at PayPass terminals.
Only 100 customers are participating in the trial, it has been reported.
Westpac’s Head of Merchant Acquiring, George Lawson (pictured), presented at our NFC World Australia conference in March. He spoke about the impacts of social, convergence, NFC and remote payments on mobile payments strategy development.
The move adds to a growing trend for mobile payment apps to be utilised at the point of sale rather than just remotely.
The Square tie-in comes after the coffee giant’s Starbucks Card App achieved more than $820 million of deposits on the platform.