CBA launches hardware-less payments app

Commonwealth Bank will bring a new mobile payments technology to market in Australia that enables small businesses to accept credit card payments of up to $100 on their Samsung devices, without any other hardware. CBA is teaming up with Mastercard and Samsung, as well as fintech start-ups IDEMIA and Mobeewave, to introduce the technology.Mobeewave will provide a white label product to Commonwealth Bank of its SoftPOS technology and leverage IDEMIA's digital identity security solutions. A pilot program is expected to kick off in early 2018.