Mobile payments ASB, a trans-Tasman subsidiary of Commonwealth Bank, has completed a trial of mobile contactless payment technology that lets users purchase goods with funds from their bank accounts
     About 100 ASB employees participated in the trial, downloading a mobile wallet application to their mobile phones, which lets them top up accounts and view balances and recent transactions
     They were able to make purchases at several cafes with a contactless point-of-sale reader, which processed transactions in real time by connecting to a server designed by mobile banking company M-Com
     The system was mostly used for small purchases such as coffees and snacks, M-Com said
     Users said other possible uses could include parking (72 per cent), vending machines (69 per cent), public transport (63 per cent) and convenience stores (61 per cent)
     M-Com plans to integrate its contactless payment capabilities into its mobile banking platform in the near future, allowing banks to seamlessly offer mobile banking and payment services
     "We are working through the design of our contactless extension capabilities," M-Com mobile payments marketing head Serge van Dam said
     "Will there be trusted service providers for managing mobile payment credentials? "If so, will they be banks, independent service providers, etc?" Australian banks often use their New Zealand subsidiaries as test grounds for new technology
     ANZ adopted M-Com's mobile banking platform after testing it in its New Zealand operation, ANZ National
     The Commonwealth Bank and NAB have conducted small trials of credit-card-based contactless mobile payments, but as yet have not announced more general plans.

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