by Andrew Grush, 2 months ago
Recently Mastercard announced a new program that would impose digital wallet operator fees on PayPal, Google Wallet and others. In response to the move, Visa’s CEO Charlie Scharf said that these kinds of fees are…
Vodafone Australia wants to give its subscribers a better shopping experience through Vodafone Smart PASS. The contact-less payment system is similar to Google Wallet's NFC-based service, although it is intended to be cross-platform, basically working on any NFC-equipped smartphone.
The app lets users pay at any store equipped with PayWave terminals. For added security, though, customers are required to secure a special NFC SIM card from Vodafone, which contains a secure element that holds prepaid account information. This prepaid account is serviced by ANZ, and can accommodate top-ups of anywhere from AUS$20 to AUS$200.
The prepaid account can be topped up from several sources, such as a credit card or bank account.
According to Vodafone Australia, the service will have some secure features, namely:
During the introduction of Smart PASS, Vodafone Australia used a Samsung Galaxy S3 to show the capabilities and features of the system. According to Vodafone Australia's strategy and business development general manager Thomas Roets, the carrier intends for 80% of smartphones sold in 2013 to be NFC-enabled. This will suggest that the company will consider the iPhone 5 a major seller during this period, particularly due to its lack of NFC support.