Bunnings Warehouse and Dymocks retail outlets have both committed to rolling out PayPass contactless payments terminals across all their stores, partnering with Commonwealth Bank to roll out the service.
Bunnings Warehouse and Dymocks have signed on to offer the contactless payment option to Commonwealth Bank debit or credit card customers when transactions are below $100.
Commonwealth Bank has been rolling out the contactless payment terminals slowly, with the addition of Bunnings Warehouse and Dymocks tipping the number of terminals over 20,000 by the end of the year. There are currently nearly four million PayPass enabled debit and credit MasterCards in the hands of consumers, who will begin to expect contactless payment terminals across all businesses big and small in the coming years.
Kelly Bayer Rosmarin, Executive General Manager Business Products and Development, Commonwealth Bank, said the bank had seen demand for contactless payment terminals exceed their expectations.
“Commonwealth Bank continues to rollout contactless technology across our merchant and card portfolio. We set ourselves a target of 15,000 readers in market by the end of this year and we achieved that milestone at the end of August, four months ahead of schedule.
“With Bunnings and Dymocks now on board alongside independent retailers including select IGA Supermarkets, Boost Juice, Red Rooster and Etihad Stadium, consumers can now really enjoy convenient and faster payments with merchants that are not only relevant to our customers everyday lives, but where speed of payment makes a difference to the customer experience.”
Bunnings will commence its pilot across all South Australian stores in November before rolling out to all stores nationwide in early 2011. Dymocks has installed readers within its Sydney flagship George Street store with all stores to be contactless enabled by the end of October.
Cathy Tiberio, Finance Director, Dymocks, said the retail chain expects contactless payment technology to speed up transaction times for customers making the in-store shopping experience that much more enjoyable.
“The very nature of our contactless partner’s business means speed of service is essential and with Christmas just around the corner, contactless payments will play an important role in reducing queuing times. The entire process takes just a few seconds, so it is actually faster than paying with cash while reducing the need to carry money,”said Ms Bayer Rosmarin.
