Rambus partners with Eftpos for Android Pay in Australia

Remigio Civitarese
Novembre 15, 2017

With assistance from tech partner Rambus, EFTPOS generates and manages its own tokens to allow innovations like contactless payments and real-time bank balances. The user is able to disable mobile payments quickly, without needing to cancel the physical card itself.

The latest developments see consumers able to use Android Pay and Apple Pay to swipe and avoid the Visa and Mastercard fees, with the transaction treated exactly the same as if the customer inserted the card into the EFTPOS machine and pressed "cheque" or "savings".

According to Rambus, Eftpos has more than 40 million debit cards distributed across Australia, and its members can now use those cards in Android Pay for transactions with nine financial institutions.

The eight institutions added through Android Pay and Cuscal include Sydney Credit Union, CUA, People's Choice Credit Union, Woolworths Employee's Credit Union, Nexus Mutual and FCCS.

"This will bring the convenience of secure, in store mobile payments to many Australians for the first time", said EFTPOS acting chief executive Paul Jennings. And yes - ANZ customers on iOS can "tap for eftpos" already.

"ANZ customers now have access to a complete suite of digital payment options regardless of which card or device they use", said ANZ managing director, products, Bob Belan.

"We're committed to maintaining our leadership position in offering customers new, simple and convenient payment experiences so we're pleased to provide our eftpos cardholders the option to now make purchases with their Android mobile device". "That's why we've worked with eftpos to enable Android Pay at nearly 800,000 contactless payment terminals in Australia where people can seamlessly Tap and Pay with eftpos using their Android devices".

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