Global financial service organization ING Direct has joined Eftpos payments network to issue chip cards, which will be used through the new Eftpos payments hub.
ING Direct has become the first new institution to join Australia’s Eftpos payments network since it was established as a company in 2009, as reported by arnnet.com.au.
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Eftpos managing director Bruce Mansfield was quoted by arnnet.com.au as saying that ING Direct was already participating in the Eftpos transformation program and was expected to be among the first financial institutions in Australia to start issuing Eftpos chip cards and process transactions through the new Eftpos Hub.
"Eftpos is owned and operated by Australians and is an essential and valuable part of the fabric of everyday Australian life."
"We are very pleased that ING Direct has joined our membership and is already actively involved in a number of key projects to upgrade the network and help us to deliver Eftpos payment options on technology platforms such as online, mobile and contactless," Mansfield added.
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