In addition to enhancing the CommBank app, Commonwealth Bank has also announced two new NFC payment solutions to enable customers to make contactless payments through their smartphone.
Visa and Vodafone have announced a new NFC-based payment initiative that builds on the popularity of the Visa payWave system.
Westpac together with MasterCard are trialling an NFC chip embedded into a smartphone's SIM card for a contactless payment application.
In a global first, the QkR by MasterCard in-cinema smart ordering service will be piloted by the Commonwealth Bank at a number of Hoyts cinemas for several weeks from January.
Commonwealth Bank's new iPhone application called Kaching enables users to make real-time peer-to-peer payments and contactless payments at any PayPass terminal using their phones.