Powered by MOMENTUM MEDIA
subscribe to our newsletter

Major bank launches mobile payment system for businesses

Big four bank ANZ has launched a new mobile payment solution for Australian business customers that allows for integration into third-party applications.

ANZ BladePay, a handheld Android-based payment device, has been developed in partnership with technology firm thumbzup to provide a secure and customisable mobile payment solution for businesses.

Running on the Android 6.0 Marshmallow operating system, the open architecture platform comprises a high-resolution display, dual cameras and a barcode scanner, and is WiFi- and 4G-enabled, among other features.

BladePay is available to ANZ merchant customers that use a point-of-sale system provided by one of the bank's vendor partners.

It is hoped that the device will enable businesses to run more efficiently and enhance their customer experience.

Advertisement
Advertisement

ANZ group executive, Australia, Fred Ohlsson commented: “We are routinely told that managing payments is one of the biggest pain points for business owners, yet when we looked at the market we found an opportunity to create a platform that could dramatically change the way our customers do business.

“ANZ BladePay is a fully integrated and innovative solution that will simplify business operations.”

According to Mr Ohlsson, there are six point-of-sale vendors (NCR, Redcat, H&L, SureFire, Abacus and Shout for Good) already developing customised applications for the platform, and the bank is “actively working” with a number of other vendor partners.

ANZ has said that vendor partners can build applications to include features such as ‘order and pay at table’, split bill and tipping options, the ability to email and SMS receipts, and staff shift clock-on functions.

Mr Ohlsson said: “What really sets ANZ BladePay apart is the software our vendor partners are developing, which is tailored to our customers’ needs. ANZ BladePay is much more than a secure payments solution, its potential is limitless.”

The device will be available to the hospitality industry in March 2017, and will be offered to retail and B2B customers shortly after.

PROMOTED CONTENT


ANZ has said that the device is not available through Apple, as the technological giant does not license the Apple operating system to third-party devices.

[Related: IOOF shows interest in buying ANZ wealth]

Major bank launches mobile payment system for businesses
mortgagebusiness

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

Annie Kane

Annie Kane is the editor of The Adviser and Mortgage Business.

As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts. 

Contact Annie at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

Several lenders, including the major banks, have announced relief measures for Victorian borrowers impacted by the floods. ...

The major bank has forecast an RBA tightening in two steps in H2 2023 to take the official cash rate to 0.5 per cent by the end of 2023. ...

Housing-related consumer sentiment has plummeted by 27 per cent since November 2020, and is in pessimistic territory for the first time sinc...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.