800k terminals undergoing software update for 1 August PIN deadline
Approximately 800,000 point of sale (POS) terminals in Australia will need a software update as the country phases out signature-based credit and debit card payments.
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CommBank unveils enhanced mobile app
Not to be outdone by one of its fiercest competitors, Commonwealth Bank (CBA) today unveiled an enhanced app using near-field communication (NFC) technology that allows users to bank and pay for products and services with their mobile phone.