The Commonwealth Bank of Australia (CBA) says it will introduce a mass-market NFC payments solution within the next three months, according to ZDNet Australia.
An anonymous source at CBA told ZDNet that the bank plans to roll out special phone cases powered by a microSD card, which would contain the user’s banking information, along with an embedded contactless payments chip.
The source said CBA is opting out of a pilot phase and heading straight to the market with the technology due to high customer interest.
ANZ Bank, Australia’s fourth largest bank, recently concluded a pilot of the same phone case-based technology with Device Fidelity, but decided against a commercial roll out.
CBA also offers PayPass and payWave-enabled contactless cards, and is currently working with retailers nationwide to upgrade their payment acceptance technology, according to ZDNet.
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