15,000 PIN-free CBA EFTPOS terminals

Commonwealth Bank of Australia said that it intended to extend its network of contactless payment terminals by 15,000 before the end of the year. The bank said last year that it would implement 2000 readers by the end of the year, but just missed its target, only reaching 1900. The bank had not then known exactly how many terminals it intended on rolling out this year. The bank has around 160,000 terminals in total, meaning that only around 10 per cent would be equipped with the new technology, allowing holders of cards with relevant technology to pay bills quickly by card. Instead of swiping a card and then entering a PIN or providing a signature, those customers just tap their cards on the reader for purchases under $100