Commonwealth Bank customers shopping online with CommBank Checkout will now be able to make purchases at thousands of MasterPass-enabled online retailers around the world with a simple click or touch of their tablet, desktop or mobile device.
Since the launch of MasterPass in February, MasterCard has formed partnerships with 20 Australian technology partners including both major payment gateways and shopping carts. These ecommerce payment facilitators open the door for thousands of Australian retailers to access the MasterPass digital acceptance network.
“We know consumers prefer the comfort and convenience that dealing direct with their own bank gives them. Studies show the connection to your own financial provider is particularly important when it comes to embracing digital payments,” said Matt Barr, MasterCard’s Head of Market Development and Innovation, Australasia. “This partnership with Commonwealth Bank is a leap forward for payments in Australia.”
“Commonwealth Bank’s focus is to offer our customers the latest technology and innovations that simplify payments regardless of the channel they’re transacting in. CommBank Checkout is a convenient and secure way for customers to complete their online purchases in Australia and worldwide which will be particularly handy with Christmas fast approaching. This is of course all underpinned by our 100% money back guarantee for any fraudulent transactions.” said Angus Sullivan, Executive General Manager Cards, Payments, Analytics & Retail Strategy, Commonwealth Bank.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.