ASB brings contactless payments to mobile phones

Monday 14 April 2014 00:36 CET | News

Financial services provider ASB Bank has launched ASB PayTag, a new technology allowing credit and debit card payments with a tap of the mobile phone.

ASB PayTag is a Visa payWave sticker that contains an ASB contactless chip card. With the sticker attached to any mobile phone, customers are set to be able to wave and go to pay for goods, in exactly the same way that the existing ASB Visa payWave cards work. The ASB PayTag integrates with ASB’s mobile banking app enabling customers to link the sticker to their preferred payment account.

Furthermore, the sticker can be used on any mobile phone including non-NFC enabled phones.

A pilot of the technology is scheduled to begin in May 2014 with a commercial launch planned for Q3 2014.

In December 2013, ASB Bank revealed plans to launch an online pay system through which customers can authorise payments by using their mobile phone number instead of credit card details.

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Keywords: ASB, PayTag, contactless, payments , mobile, phones, credit, debit, card, payments , TAP, Visa, payWave, sticker, chip, banking
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce