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Sydney, Australia – November 1, 2013MasterCard today announced the launch of the first bank-issued digital wallet service in Australia powered by MasterPass – CommBank Checkout from Commonwealth Bank.

Commonwealth Bank customers shopping online with CommBank Checkout will now be able to make purchases at thousands of MasterPass-enabled online retailers around the world – and more than 200 Australian retailers including; Event CinemasThe IconicOzsale, and Booktopia – with a simple click or touch of their tablet, desktop or mobile device.

“We know consumers prefer the comfort and convenience that dealing direct with their own bank gives them. Studies show the connection to your own financial provider is particularly important when it comes to embracing digital payments[1],” said Matt Barr, MasterCard’s Head of Market Development and Innovation, Australasia.

“This partnership with Commonwealth Bank is a leap forward for payments in Australia. Harnessing the convenience and efficiency of the MasterPass service, CommBank customers will be able to pay for things whenever, wherever, with the convenience and peace of mind only the most innovative technology can provide.”

“Commonwealth Bank’s focus is to offer our customers the latest technology and innovations that simplify payments regardless of the channel they’re transacting in. CommBank Checkout is a convenient and secure way for customers to complete their online purchases in Australia and worldwide which will be particularly handy with Christmas fast approaching. This is of course all underpinned by our 100% money back guarantee for any fraudulent transactions[2],” said Angus Sullivan, Executive General Manager Cards, Payments, Analytics & Retail Strategy, Commonwealth Bank.

Since the launch of MasterPass in February, MasterCard has formed partnerships with 20 Australian technology partners including both major payment gateways and shopping carts. These ecommerce payment facilitators open the door for thousands of Australian retailers to access the MasterPass digital acceptance network.

Major merchants to commit to MasterPass include; BunningsSydney Opera House, Catch of the DayThe IconicCityBeach, MoshtixFishpondScooponWebjet, ZujiJB Hi FiBuyinviteEat NowGrocery RunMumgo and Savvyappliances.

Kristie Atkins, Director of Sales for Amalgamated Holdings Limited which owns Event Cinemas says MasterPass is part of the company’s on-going focus on delivering innovative customer experiences that ultimately drive sales online and on mobile.

“When buying tickets, customers want their experience to be speedy and convenient. Making MasterPass available is just one more way we are ensuring they can do just that, 24 hours a day, seven days a week, no matter where they are,” said Kristie Atkins.

For more information on MasterPass visit http://www.mastercard.com.au/masterpass/index.html

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNewsjoin the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.


[1] RFi’s Australian Digital Banking Program – September 2013

[2] Commonwealth Bank 100% money back guarantee

Contact:
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Chris Lawrence at The Origin Agency
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Rachel Winter at The Origin Agency
Rachel.Winter@originagency.com.au 02 8437 5326 / 0421 211 503
 
Alana Morton MasterCard
Alana_Morton@MasterCard.com  02 9466 3889 / 0415 534 699