Commonwealth Bank today gave its customers access to the latest mobile banking and payments technology with the availability of two Australian-first innovations via the CommBank app on iPhone and Android platforms.
Giving customers unprecedented control and security over their finances on-the-go, the update to the CommBank app includes Cardless Cash, Australia’s first cardless cash service, and Lock and Limit, an Australian-first functionality for credit card customers providing them with additional control over their card security and spending. Both innovations are accessed through the new and enhanced CommBank app, which has seen more than 2.3 million registrations since its launch in late 2013.
Cardless Cash and Lock and Limit significantly extend the capabilities of CommBank’s mobile wallet offering says Angus Sullivan, Executive General Manager Cards, Payments, Analytics & Retail Strategy, Commonwealth Bank.
"Today we have successfully delivered two mobile banking and payment innovations continuing the transformation of our customers’ smartphones into mobile wallets. With Cardless Cash and Lock and Limit our customers are unrivalled when it comes to the many ways they can now access and manage their money on-the-go. Whether that’s more convenient access to cash from an ATM without a card; controlling credit card spending by setting a single transaction limit; or blocking international transactions to enhance security."
From accessing cash when cardless, to helping a family member or close friend out if stranded without cash in an emergency, Cardless Cash enables customers to withdraw up to $200 cash a day, without a card, at over 3,000 CommBank ATMs nationwide.
LOCK AND LIMIT
The new Lock and Limit feature allows CommBank credit card customers to use the CommBank app on their smartphone to control the security and spending on their card:
AVAILABLE TO DOWNLOAD TODAY
100% MONEY BACK GUARANTEE
All CommBank app transactions are backed by a 100% Money Back Guarantee1.
For more information, visit commbank.com.au/commbankapp
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1 Mobile payments by consumers are backed by our 100% Money Back Guarantee. When a customer loses their card or their card is stolen, we urge customers to notify CommBank as soon as possible.