Eftpos has announced that Android Pay will be available for use with Eftpos purchase for ANZ and Cuscal cardholders.
Both financial institutions are the first in Australia to make the service available for eftpos-only cardholders.
Eftpos acting CEO Paul Jennings said Eftpos on Android Pay will offer mobile payments for customers with an Android phone.
A release from Eftpos said: The service will use Australia’s first domestic Token Service Provider (TSP) for increased security, by removing confidential consumer card data from the eftpos payment network and replacing it with a unique payment token. The eftpos TSP, which was built in partnership with Rambus, enables eftpos to generate and manage its own payment tokens, facilitating secure digital payment experiences for eftpos cardholders.”
Mr Jennings said: “Almost two million cardholders will now have the capability to make eftpos payments on their Android mobile devices. This will bring the convenience of secure, in-store mobile payments to many Australians for the first time.”
“We are thrilled to team up with Google,ANZ and Cuscal to provide customers with access to their own money via their Android mobiles at the shops, with added benefits such as the ability to track their bank balances in real time,” he said.