Feeds

CBA tussles with NFC security

Launching Kaching on Android in six weeks

  • alert
  • submit to reddit

High performance access to file storage

The Commonwealth Bank’s four-year, AUD$1.1 billion technology upgrade is starting to yield results, but the bank claims NFC tech industry standardisation is holding back progress.

On the back of the bank’s latest celebrity-styled marketing push, the CBA unveiled the latest features for its NetBanking platform and mobile banking offering Kaching.

The Kaching platform , which is currently offered for the iPhone, will gain an Android incarnation in the next six week, albeit without NFC capability due to security concerns.

CBA CIO Michael Harte said at a briefing yesterday that Australia needed “ubiquitous availability and standardisation of near-field to ensure that every customer in Australia and hopefully beyond can enjoy this low cost and convenient capability.”

A CBA spokesperson added that the security issue with NFC was not just limited to one technology provider but an industry wide standards problem which the CBA is calling on being resolved ASAP.

The Kaching service, which launched in October has had 300,000 downloads. The latest version of Kaching features simplified balance information and speed improvements to make tap-and-go peer-to-peer payments faster.

The bank has also partnered with Google to launch FX Google Chrome, a foreign currency management tool and NetBank for Google Chrome, the first Bank to have an App in the Australian Google Chrome App Store. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.