Commonwealth Bank will distribute 5,000 contactless-payment readers to merchants throughout Australia by the end of the year, a spokesperson from the Sydney-based bank confirms to CardLine Global. The spokesperson did not provide more details about the announcement by CardLine Global's deadline. The announcement follows the conclusion of a pilot the bank had been conducting since 2007 involving 200 contactless readers distributed to cafes and restaurants in Sydney. Commonwealth will begin distributing the first of the 5,000 readers by June, according to a local news report. The readers will process transactions up to AU$100 (US$74 or 55 euros). The pilot capped transactions at AU$35. Commonwealth is the first Australian bank to move from contactless trials to full merchant rollout, according to the news report. In 2007, National Australia Bank conducted a contactless-payment pilot in Melbourne with Visa Inc. and telecommunication operator Telstra, while Macquarie has contactless readers in two Sydney sports stadiums.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry