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ANZ Bank customers can now use eftpos instead of credit with Apple Pay


Up until now using Apple Pay meant the customer was making a credit transaction but today eftpos announced a collaboration with Apple and the ANZ Bank to access their own money in real time.

Now ANZ Bank customers can make mobile payments with Apple Pay using eftpos (electronic fund transfer at point of sale) and with all the same security measures and convenience.

ANZ is the first Australian financial institution to allow their 1.6 million ANZ eftpos cardholders to make in-store mobile payments.

When using ANZ eftpos with Apple Pay, the card number is not stored on the iPhone or on the Apple servers.

A unique Device Account Number is generated, encrypted and securely stored in the Secure Element on the iPhone.

“Today marks a significant milestone for eftpos as we move from our traditional card based payment method into mobile, enabling consumers with an iPhone or Apple Watch to choose the eftpos account they wish their mobile payment to be made from, being either their eftpos CHQ/SAV account,” says eftpos acting CEO Paul Jennings.


“Customers can set their account preference out of CHQ/SAV and then save themselves entering their account each time they pay.

“After providing trusted, secure card-based payments for 30 years, eftpos can now also be used to make mobile payments.
“About 1.6 million ANZ eftpos Access cardholders now have the opportunity to make payments on an iPhone or Apple Watch, many of whom may not have had the opportunity to make in store mobile payments before.

“As Australia’s most used debit card network, we are thrilled to be providing ANZ eftpos Access customers with more payment choice, with added benefits of enhanced security and comfort.”


ANZ Managing Director Products, Mr Bob Belan said: “ANZ has been at the forefront of mobile payment services for some time now.  Today’s announcement offers our customers yet another great option for making convenient and secure purchases using their mobile device.

“We know from experience that Australian consumers increasingly want to use mobile payment services and so we’re happy to be working with eftpos in enabling Apple Pay as an option for our 1.6 million ANZ eftpos Access cardholders.”