I'm always interested in technologies that enable us to substitute physical for digital: Cardless, Contactless, NFC, PayTag, Tap & Pay, Tap & Go, etc. It was two years ago when we were first alerted that Australian banks were looking into these technologies:
http://www.smh.com.au/technology/te...e-get-cash-without-a-card-20120615-20dy6.html
I have used CBA's Cardless Cash and it's pretty good as a 1.0 implementation. I have used it to pay someone $50, and have also tested it out myself while standing at an ATM. That's one way to not have to worry about ATM skimming or covering the number pad for fear of skimmers or prying eyes.
Commonwealth Bank Cardless Cash
- initiated through the CommBank app (iOS, Android, not yet for WP)
- collector receives an 8-digit Cash Code and a 4-digit Cash PIN
- limited to 1 daily (successful) cardless withdrawal
- limited to $200 per day
- must be collected within 30 minutes from a CBA ATM
- www.commbank.com.au/commbankapp
Westpac Emergency Cash
- available 24/7, but have to call 132 032 to initiate (app support coming) (app support now here)
- you will be read a 6-digit Cash Code, which you can ask to also be sent via SMS
- you can send that Cash Code on to a 3rd party
- limited to $1000 per day (now $500) and $2000 per week (now $1000)
- must be collected within 3 hours from a Westpac ATM
- collector can choose to withdraw less than the agreed amount
- http://www.westpac.com.au/personal-banking/bank-accounts/emergency-cash/
NAB and ANZ
I believe NAB are looking into cardless technologies, unaware of ANZ's plans.
NFC, PayTag, Tap & Pay
I am yet to use Tap & Pay or similar technologies but am interested in technologies that would allow me to leave cash and cards at home. Note, this is not PayWave or PayPass as those are done with a card. PayTag, Tag&Pay etc achieve the same effect but with your phone rather than your card.
http://www.smh.com.au/technology/te...e-get-cash-without-a-card-20120615-20dy6.html
I have used CBA's Cardless Cash and it's pretty good as a 1.0 implementation. I have used it to pay someone $50, and have also tested it out myself while standing at an ATM. That's one way to not have to worry about ATM skimming or covering the number pad for fear of skimmers or prying eyes.
Commonwealth Bank Cardless Cash
- initiated through the CommBank app (iOS, Android, not yet for WP)
- collector receives an 8-digit Cash Code and a 4-digit Cash PIN
- limited to 1 daily (successful) cardless withdrawal
- limited to $200 per day
- must be collected within 30 minutes from a CBA ATM
- www.commbank.com.au/commbankapp
Westpac Emergency Cash
- available 24/7, but have to call 132 032 to initiate (app support coming) (app support now here)
- you will be read a 6-digit Cash Code, which you can ask to also be sent via SMS
- you can send that Cash Code on to a 3rd party
- limited to $1000 per day (now $500) and $2000 per week (now $1000)
- must be collected within 3 hours from a Westpac ATM
- collector can choose to withdraw less than the agreed amount
- http://www.westpac.com.au/personal-banking/bank-accounts/emergency-cash/
NAB and ANZ
I believe NAB are looking into cardless technologies, unaware of ANZ's plans.
NFC, PayTag, Tap & Pay
I am yet to use Tap & Pay or similar technologies but am interested in technologies that would allow me to leave cash and cards at home. Note, this is not PayWave or PayPass as those are done with a card. PayTag, Tag&Pay etc achieve the same effect but with your phone rather than your card.
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