Opt-in function proposed for contactless payment

Financial institutions may need to get customers’ consent for contactless features to be activated on their card, as per a parliamentary committee’s recommendation.
- Just One Tap: A guide to payWave and PayPass
According to the Parliamentary Joint Committee on Law Enforcement's report on finance related crime, a number of submissions from various organisations argued that the latest technology had led to more avenues for card fraud. The rollout of contactless payment technology has been seen as a significant factor in this rise.
Researcher RFi Group found that Australians are the biggest users of contactless payments in the world with 53% of people who own a contactless card using it.
For the last few years, Victoria Police and banks have been disagreeing over the issue, with the police saying that contactless cards, which do not require a PIN at the point of sale, had encouraged an increase in the number of thefts. The industry on the other hand, has rejected these claims, saying that the contactless mechanism is not a driver of card fraud.
The committee further said that it shared the concerns of law enforcement agencies that the rollout of new technology without consulting law enforcement agencies has the potential to become a driver of financial crime.
The committee recommended that banks and other financial service providers should consider law enforcement issues more carefully and facilitate discussions with law enforcement agencies about new technologies before rollout.
For a low-down on the best debit card deals in the market, check out Mozo’s debit card comparison table.
Debit card comparisons on Mozo - last updated 14 May 2022
-
Everyday Global Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayIDVisa DebitNo overseas ATM fees & up to 10 currencies in one account. Switch between currencies instantly 24/7 wherever you are using the mobile app. Mozo's Experts Choice 2022 winner for Exceptional Everyday Account.^
CompareCompareEveryday Global Account
No overseas ATM fees & up to 10 currencies in one account. Switch between currencies instantly 24/7 wherever you are using the mobile app. Mozo's Experts Choice 2022 winner for Exceptional Everyday Account.^
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID
- what kind of card
- Visa Debit
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free transactions from HSBC ATMs, EFTPOS, phone, internet, Bank@Post, BPAY and direct debits
Read our Mozo Review to learn more about the Everyday Global Account
-
Glide Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, GarminVisa DebitUnlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
CompareCompareGlide Account
Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
- what kind of card
- Visa Debit
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free internet transactions.
Read our Mozo Review to learn more about the Glide Account
-
Everyday Account
account fee
Payment Options
what kind of card
$4.00$0 monthly account fee if you deposit min. $1,800 per month or account holder is under 25Apple Pay, Google Pay, PayIDVisa Debit or
EFTPOS$50 bonus for new customers 14+. Open a new Everyday Account by 30 June 2022 using the campaign code "bonus50" and make at least one card purchase within 30 days. (T&Cs apply)
CompareCompareEveryday Account
$50 bonus for new customers 14+. Open a new Everyday Account by 30 June 2022 using the campaign code "bonus50" and make at least one card purchase within 30 days. (T&Cs apply)
- account fee
- $4.00$0 monthly account fee if you deposit min. $1,800 per month or account holder is under 25
- Payment Options
- Apple Pay, Google Pay, PayID
- what kind of card
- Visa Debit or
EFTPOS
- interest rate
- Balances from $0: 0.01% p.a.
- fee-free transactions
- Unlimited transactions from network ATMs, EFTPOS, Visa Debit purchases and counter deposits & withdrawals.
Read our Mozo Review to learn more about the Everyday Account
-
Classic Banking Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung PayVisa Debit or
EFTPOSNo monthly account fees ever, with no conditions. Free use at over 7,000 ATMs around Australia. No overdrawn fees if you happen to go over your account balance. Open an account in less than 7 minutes.
CompareCompareClassic Banking Account
No monthly account fees ever, with no conditions. Free use at over 7,000 ATMs around Australia. No overdrawn fees if you happen to go over your account balance. Open an account in less than 7 minutes.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, Samsung Pay
- what kind of card
- Visa Debit or
EFTPOS
- interest rate
- Balances from $0: 0.01% p.a.
- fee-free transactions
- Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases
Read our Mozo Review to learn more about the Classic Banking Account
-
Everyday Edge Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung PayVisa Debit or
EFTPOSEnjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
CompareCompareEveryday Edge Account
Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, Samsung Pay
- what kind of card
- Visa Debit or
EFTPOS
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free transactions from counter deposit, phone, internet and EFTPOS. Free counter withdrawals.
Read our Mozo Review to learn more about the Everyday Edge Account
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.