Feeds

CBA tussles with NFC security

Launching Kaching on Android in six weeks

  • alert
  • submit to reddit

Boost IT visibility and business value

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. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.