ANZ and Visa to introduce reloadable and contactless card in Australia

Australia and New Zealand Banking Group, and Visa have announced the launch of a new reloadable and prepaid contactless card, ANZ Stadium Visa payWave card, in Australia.The new ANZ Stadium Visa payWave card will be launched at ANZ Stadium in Sydney where it will be offered initially to 2,000 ANZ Stadium members for use during the Bledisloe Cup on July 26, 2008.The card allows customers to make payments for transactions under the value of $35 without the need for a PIN or signature, by holding their card within five centimeters of a contactless reader. John Harries, managing director of consumer finance at ANZ, said: "The Visa payWave solution is about providing our customers with more convenient payment options that are both fast and simple. This is a unique opportunity to offer customers an alternative to cash, particularly for small value transactions."