If you have ever found yourself 10 cents short while you are waiting in line at the local coffee shop, don’t worry because soon all you’ll need to do is whip out your mobile and you could be sipping a hot cup of joe in no time.
Using their own staff as guinea pigs, National Australia Bank, Telstra and Visa have joined forces to launch a trial of their new ‘contactless mobile payments system’. Around 200 staff at the companies’ Docklands offices will be given new mobiles that will effectively allow them to pay for goods worth up to $35, all with a single swipe.
NAB spokesman Anthony Wheaton, who will participate in the trial, believes the new system is best suited for fast moving people who purchase low-cost goods like coffee and lunch on a regular basis. Using this system, consumers will not have to carry a wallet, but rather just take out their mobile and swipe it across a reader, saving a lot of time. With the system it seems everyone is a winner, from the consumer to the retailer.
Twelve retailers have agreed to trial the system, which will require the installation of a special credit card reader. The ‘contactless’ system works by using ‘near field communication’ (NFC) technology, a wireless technology that allows various electronic devices to talk to each another.
Juniper Research claims that early adopters will start to buy NFC devices as early as the beginning of 2009. By 2013 they predict that one in five phones around the world would carry NFC technology.
The system does require each customer purchase a new phone, which may be a giant factor in Australian consumers picking this up right away. Although this does sound kinda cool, I personally wouldn’t be forking ot a load of money to buy a new phone, especially considering I like using cash at coffee shops, because how else are you supposed to give tips?










