Tag Archive for NFC

Commonwealth Bank launches Kaching: The future of mobile payments

[tube]http://www.youtube.com/watch?v=gVkBUT0gEsU[/tube]

At iBrothers, we have been intently watching the US and their progress with Google Wallet which incorporates Near Field Communications to turn your mobile phone into a credit card, wondering when (if ever) Australia would start adopting the same technology.

This morning the Commonwealth Bank announced a new mobile payment system called “Kaching”. Using NFC-enabled iPhone case called iCarte which supplied by the Commonwealth Bank, uses can use their mobile phone to make payments with PayPass. The service also let’s you play for services or friends via an email address, like PayPal and as a world first pay your friends via Facebook.

The iCarte case is for the iPhone 3GS, 4 and 4S only at this stage and you can register your interest and more from the Commonwealth Bank Kaching website.

With the ability to touch or pass your mobile over a device to record a payment, it’s really only a matter of time before someone finally addresses our other burning desire which is to finally have our loyalty cards part of a similar system. Doing so will undoubtedly put a stop to the question “is that a wallet in your pocket or are you just happy to see me?”