Mobile phone debit cards trialled


Monday 14 March 2011

Aussies heading online to compare debit cards might soon be able to use their mobile phones to purchase goods rather than the ubiquitous plastic varieties.

Mobile phones to be used as debit cards?

ANZ and Visa are using 50 people to trial the technology, which utilises a microSD, an application and a pre-paid debit card, reports the AFP.

Apple iPhones with a special case are being used for the test, but it is hoped that BlackBerry and Google Android handsets will feature the technology if it is rolled out.

Users swipe their handset across a contactless payment reader to make their purchase.

This can be done without a PIN or signature for items valued at $100 or less.

Foad Fadaghi, research director at Telsyte, commented: "It won't be too long before we see it used for small transactions that are now annoying, like buying coffee or a bus ticket."

Last month, the Commonwealth Bank Business Sales Indicator revealed that credit and debit card spend rose by 0.5 per cent in January 2011.

Have a question about debit cards? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800459936-ADNFCR

Compare today's top debit cards

Back to top