eftpos announced it has expanded its reach of Google Pay which now includes St George, Bank of Melbourne and BankSA customers who can access eftpos CHQ and SAV from their mobile phones, providing benefits such as the ability to get cash out at the checkout at participating merchants.
eftpos CEO, Mr Stephen Benton, said eftpos on Google Pay also provided cardholders with secure access to their own money in real time and less likelihood of being surcharged when they shop.
“Following today’s (February 26 2019) announcement, more than 300,000 St George, Bank of Melbourne and BankSA eftpos cardholders will be able to access their own money via their Android mobile phones and take advantage of eftpos benefits such as getting cash out at participating merchants,” Mr Benton said.
“This means you only need to take your mobile when you go shopping. There’s no need to carry an extra card to access cash if you need it.”
For added security, eftpos on Google Pay uses the eftpos Token Service Provider (TSP) which removes confidential consumer card data and replaces it with a unique payment token.
Google’s Director for Product Management, Prakash Hariramani said: “Starting today (February 26 2019), St George, Bank of Melbourne and BankSA eftpos cardholders can add their eftpos cards to Google Pay once and then use Google Pay to make purchases in thousands of places in Australia.”