Online EFTPOS allows customers to pay for online purchases from their account, requiring access only to their online banking app - without the need for businesses to handle any sensitive cardholder data.
Online shoppers simply select Online EFTPOS on the participating retailer's website and type in their mobile number which triggers a payment request to be sent to their mobile banking app for a one-click approval.
Businesses can accept customer payments online directly into their account, similar to EFTPOS but without a card, and providing cost savings over a credit card alternative.
Online EFTPOS is regarded as a new digital payment choice with familiar and bank approved mobile banking apps. It provides a secure, bank approved alternative to the non-bank approved 'screen-scraping' payment options that currently exist in the market.
See Paymark for more information.