Online EFTPOS now a thing

Forums › Off topic › Online EFTPOS now a thing

KrazyKid

1250 posts

Uber Geek
+1 received by user: 621

#287144 9-Jun-2021 13:12

I had had never here of on-line EFTPOS before 5 minutes ago.

It seems to be a new thing offered my Paymark and works with 4 banks at the moment.
(ASB, Heartland Bank, The Co-operative Bank and Westpac)

I believe you make a purchase form an on-line retailer and provide your mobile number.

you then get to approve the payment via your banking app notification and your done.

Seems PB tech is offering this form of payment - who else does?

Not sure it will replace the credit card for me (I like my cash back) but can see it being of use to others.

1 | 2

meow
13664 posts

Uber Geek
+1 received by user: 11069

Moderator

ID Verified

Trusted

Lifetime subscriber

#2721209 9-Jun-2021 13:14

I'm happy for everyone to use it if it means the death of POLi and other "Internet Banking Scraping as a service" platforms.

Michael Murphy | https://murfy.nz
Referral Links: Quic Broadband (use R122101E7CV7Q for free setup)

Are you happy with what you get from Geekzone? Please consider supporting us by subscribing.
Opinions are my own and not the views of my employer.

mdf

mdf
3569 posts

Uber Geek
+1 received by user: 1527

Trusted

Lifetime subscriber

#2721214 9-Jun-2021 13:26

It's a Paymark solution that has been around for a good long while. 2015 from memory? But ASB seemed to be the only bank that supported it and didn't seem to be too much interest from merchants.

I got the same PB Tech email promoting it that I suspect the OP received. Not sure if this is some kind of relaunch? A few more banks seem to have signed up. Not mine though.

But +1 to anything that removes the need for POLi.

1101

3145 posts

Uber Geek
+1 received by user: 1149

#2721215 9-Jun-2021 13:28

Given how so many Android phones are unpatched, out of date, obsolete Android versions ,riddled with user installed apps , apps that take uneeded permissions
Phones that arnt password protected
phones that sometimes came preloaded with spyware/malware (not a common issue for sure)

So is this really a good idea ?
I wouldnt trust my Android phones with internet banking .

Linux

12360 posts

Uber Geek
+1 received by user: 8650

Trusted

Lifetime subscriber

#2721216 9-Jun-2021 13:36

Never heard of it before today as well

Kyanar

4089 posts

Uber Geek
+1 received by user: 1684

ID Verified

Trusted

#2721218 9-Jun-2021 13:38

1101:

Given how so many Android phones are unpatched, out of date, obsolete Android versions ,riddled with user installed apps , apps that take uneeded permissions
Phones that arnt password protected
phones that sometimes came preloaded with spyware/malware (not a common issue for sure)

So is this really a good idea ?
I wouldnt trust my Android phones with internet banking .

Even apps with unneeded permissions can't access other apps sandboxes. I think your entire post is a bit alarmist.

I trust my Android phone with my internet banking credentials far more than I trust Australia Post/POLi with their internet banking website scraping as a service with my credentials.

itxtme

2102 posts

Uber Geek
+1 received by user: 557

#2721221 9-Jun-2021 13:44

Not sure it will replace the credit card for me (I like my cash back) but can see it being of use to others.

Those days will be coming to an end, well at the levels we have currently. With merchant fees becoming regulated shortly.

I'm happy for everyone to use it if it means the death of POLi and other "Internet Banking Scraping as a service" platforms.

By the way you talk @michaelmurfy I get the feeling you are not a fan of it [eftpos online]. I am interested as to why? It seems a sensible stepping stone before open banking, but that still feels a long way off.

AliExpress

Shop now on AliExpress (affiliate link).

michaelmurfy

meow
13664 posts

Uber Geek
+1 received by user: 11069

Moderator

ID Verified

Trusted

Lifetime subscriber

#2721222 9-Jun-2021 13:45

1101: Given how so many Android phones are unpatched, out of date, <snip>

This applies to all platforms. I would also trust an internet banking app over logging into Internet Banking via my PC.

itxtme: By the way you talk @michaelmurfy I get the feeling you are not a fan of it [eftpos online]. I am interested as to why? It seems a sensible stepping stone before open banking, but that still feels a long way off.

You misunderstood. I'm fully supportive of EFTPOS Online. It is a stepping stone until Open Banking happens.

pom532

151 posts

Master Geek
+1 received by user: 52

#2721223 9-Jun-2021 13:46

I saw it mentioned in the settings for Heartland bank, but I've never seen a merchant offer.

Gurezaemon

~HONYAKKER!~
1433 posts

Uber Geek
+1 received by user: 1610

ID Verified

Lifetime subscriber

#2721224 9-Jun-2021 13:51

I recently used this for a purchase from PB Tech. How does this work when it comes to disputing charges?
You can apparently get credit card companies to help with a dispute, including reversing payments, but I suspect online EFTPOS doesn't.

Get your business seen overseas - Nexus Translations

davidcole

6112 posts

Uber Geek
+1 received by user: 1476

Trusted

#2721226 9-Jun-2021 13:52

I've used it at mightyape a couple of times.....Relatively painless.

Previously known as psycik

Home Assistant: Gigabyte AMD A8 Brix, Home Assistant with Aeotech ZWave Controller, Raspberry PI, Wemos D1 Mini, Zwave, Shelly Humidity and Temperature sensors
Media:Chromecast v2, ATV4 4k, ATV4, HDHomeRun Dual
Server Host Plex Server 3x3TB, 4x4TB using MergerFS, Samsung 850 evo 512 GB SSD, Proxmox Server with 1xW10, 2xUbuntu 22.04 LTS, Backblaze Backups, usenetprime.com fastmail.com Sharesies Trakt.TV Sharesight

evilonenz

/dev/urandom
294 posts

Ultimate Geek
+1 received by user: 154

ID Verified

Trusted

Lifetime subscriber

#2721228 9-Jun-2021 14:05

I've used it for my power and gas bills via Nova, simple and easy. Anything is better than POLi.

Smokeping

Referral Links:

Quic - Use code R536299EPGOCN at checkout for free setup
Contact Energy - Use code FRTQDXB for $100 credit

Dyson

Shop now for Dyson appliances (affiliate link).

MileHighKiwi

782 posts

Ultimate Geek
+1 received by user: 581

ID Verified

Lifetime subscriber

#2721250 9-Jun-2021 14:58

As far as I know, the difference with the 'new' version of online Eftpos is that its API based. Not sure what the 'old' version was but BNZ have announced they are finally on the Online Eftpos bandwagon, using the new API service. Its very much a Paymark product through, merchants apply directly with Paymark.

BNZ becomes first NZ bank to use online EFTPOS - The Register

Handsomedan

7878 posts

Uber Geek
+1 received by user: 7581

ID Verified

Trusted

Subscriber

#2721252 9-Jun-2021 15:02

It's been in the works for quite a while - I used to work for Paymark and it took a long time to get it off the ground initially (originally was only available with just one merchant and one bank) - now just seems to be the right time (I think the stars have finally aligned); it's a decent service.

I've used it (obviously) and found it to be easy and painless. I'm vehemently anti-POLi, so I like the idea of a secure way to pay other than credit/debit or screen-scraping.

I look forward to more banks jumping onboard.

Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

Handsome Dan does not currently have a side hustle as the mascot for Yale

*Gladly accepting donations...

tchart

2398 posts

Uber Geek
+1 received by user: 579

ID Verified

Trusted

#2721260 9-Jun-2021 15:09

I used it by accident on Pizza Hutts website a few months ago, it was a pretty good experience.

rugrat

3148 posts

Uber Geek
+1 received by user: 950

Lifetime subscriber

#2721262 9-Jun-2021 15:17

MileHighKiwi:
As far as I know, the difference with the 'new' version of online Eftpos is that its API based. Not sure what the 'old' version was but BNZ have announced they are finally on the Online Eftpos bandwagon, using the new API service. Its very much a Paymark product through, merchants apply directly with Paymark.

BNZ becomes first NZ bank to use online EFTPOS - The Register

How is BNZ the first when ASB, Heartland Bank, The Co-operative Bank and Westpac offered it before them?
Skinny was running a promo where top up by online EFTPOS could win something, I couldn’t enter as BNZ didn’t offer it. Though they have top up mobile in the BNZ banking applic which I use and works well.

1 | 2