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ANZ FastPay update allows Eftpos processing on both iPhones and Android smartphones

ANZ FastPay update allows Eftpos processing on both iPhones and Android smartphones

“Our latest innovation will make entering payments even easier and faster and provide a further boost for businesses in managing their cash flow, which is critical to success in any enterprise,” says Fred Ohlsson, managing director, retail and business banking,

ANZ has updated FastPay and says it is now the first New Zealand bank to enable businesses to process Eftpos payments using both iPhone and Android smartphones.

The announcement comes after ANZ last year became the first New Zealand bank with mobile solutions for all types of customers, from individuals and small businesses to large institutional clients.

ANZ FastPay currently enables small businesses to take Visa and MasterCard credit and debit card payments anytime, anywhere using their smartphones.

From mid-year, this capability will be extended to Eftpos transactions. A new card reader will also be introduced meaning the merchant can process transactions even faster, the bank says.

Fred Ohlsson, ANZ managing director, retail and business banking, said FastPay was a popular solution for a wide range of businesses, from plumbers and builders to mobile dog groomers.

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The improvements are the result of feedback from customers on how we can make it better.

Fred Ohlsson, ANZ

“Business owners have told us it’s a game changer in making payments quicker and easier so they can spend their time making money, not chasing payment. The improvements are the result of feedback from customers on how we can make it better.

“Our latest innovation will make entering payments even easier and faster and provide a further boost for businesses in managing their cash flow, which is critical to success in any enterprise."

ANZ is number 13 in this year’s CIO100, the annual report on the top ICT using organisations in New Zealand.

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Craig Bunyan, general manager technology, ANZ Bank
Craig Bunyan, general manager technology, ANZ Bank

The focus this year will be on “continuing to strengthen our offering as a leading digital bank”, said Craig Bunyan, ANZ general manager technology.

The update to ANZ FastPay follows a number of other ANZ mobile offerings.

Read more: ANZ to launch mobile wallet within its goMoney app

In April 2011 the ANZ goMoney mobile banking app was launched for retail and small business customers in New Zealand and within hours became the number one most popular finance app on iTunes in New Zealand. ANZ continues to update goMoney with features suggested by customers.

Last year ANZ launched ANZ Direct Mobile, a tailored banking solution for medium sized or more complex businesses, making it the first New Zealand bank with mobile solutions for all customers.

ANZ also offers ANZ Transactive Mobile apps for Android and iPhone devices, a solution enabling institutional, commercial and business banking customers to remotely monitor real-time balances on their New Zealand and Australian accounts, view transactions, approve and release payments and obtain live FX rates.

Send news tips and comments to divina_paredes@idg.co.nz

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Tags innovationanz bankmobile banksFred OhlssonEftpos

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