30 December 2024
Australian Payments Plus (AP+) has made good progress on its technical update to debit cards on mobile wallets. The update will ensure consumers can continue to make payments via eftpos from 1 Jan 2025. However, a small minority of consumers will need to remove and re-add their debit card to their mobile wallet.
AP+ and the Australian Banking Association (ABA) urge everyone who has received a message from their bank about updating the debit card in their mobile wallet to do so before 1 Jan 2025.
On 18 December AP+ released a statement informing consumers about an update being rolled out to eftpos on some debit cards in mobile wallets to ensure payments via eftpos process as normal from 1 January 2025. It is expected approximately 60,000 active cards1 will not be updated automatically. Card issuers have been contacting their potentially impacted customers asking them to apply the update themselves by simply removing and re-adding their debit card.
Lynn Kraus, CEO of AP+ says ‘I urge anyone who has received a message from their bank to update the debit card on their mobile wallet to do it today. Removing and re-adding your debit card is a quick fix that will ensure eftpos payments process as normal from 1 January 2025.’
Anna Bligh, CEO of the ABA says ‘Whilst banks have been proactively reaching out to the small group of customers impacted, some are yet to take the required action. It’s a straightforward process that will only take a matter of minutes and will ensure your debit card can continue to make payments into the new year.’
1. Cards unable to be updated which have been used in the last three months.
Contact: Benn Ayre | [email protected] | 0428 342 325
Twitter | Facebook | LinkedIn | www.ausbanking.org.au
Latest news
E&OE Ali Moore: Yes, if you use a dating app, have you ever thought about how secure it is? And if you ever wondered about the sort of anti-scam regulations that they have to comply with, the big banks say that the rules are not tough enough for dating apps, as well as things like… Read more »
In conjunction with the Australian Financial Complaints Authority (AFCA), the ABA is pleased to announce the appointment of former ASIC Commissioner Mr Sean Hughes as the next Chair of the Banking Code Compliance Committee (BCCC). Mr Hughes served as a Commissioner at ASIC from 2018 to 2023 and brings deep expertise in financial services… Read more »
The CSLR was intended to give basic protection to mum and dad-type investors. It should not be a collectively funded vehicle for removing investment risk from society.