NAB to Follow The Flow: Tap-And-Go


Banking made easy- The National Australia Bank (NAB) has released an application where Visa Debit account holders can ‘tap-and-go’ on payments. However, the application only works to those who have near-field communication (NFC) and the most recent update for Android. The service was first introduced as a feature on Apple Pay during the launch of the IPhone 6, Iphone 6 plus and the Apple Watch.

NAB Pay requires the customer to unlock the phone and hold it up to the card reader, this will complete the transaction. For extra safety, the application can use a four digit pin code when a transaction is put through. If the purchase is of more than $100, the user must put in the password, just like any other ‘tap-and-go’ technologies.

Visa Token Service is a security technology that replaces all personal information of the user with a 16-digital account number and security code. This processes payments without the exposure of any account details. Thought was put through with this application and Token Service as CEO Charlie Scharf said “2015 was a big year for the company as they wanted to offer secure payments across a wide variety of platforms and devices”.

Most of the banks, including Commonwealth and Westpac, already offer similar services but NAB is the first for Visa’s new Token service as the mobile security platform.

How to slow down:

Close your eyes for a minute and re-open them. How many technological devices do you think just got released?

With this new tap-and-go system we are speeding through our lives without even noticing. Now we can order a coffee and whilst you try to find your wallet to pay in cash, five customers are already becoming bothered with how ‘slow’ you are going.

What we need to think about is how technology is rapidly developing and humans are now considered slower than computers. Is this the world we want to be living in where computer chips and programs are overrunning the abilities of an average human being? What does this mean with our careers, will we need to settle to a computer doing everything for us?

Perhaps what civilization needs is a NOT-SO-FAST button. Proponents of technological determinism make a strong case for letting self-accelerating technologies follow their own life cycle
– Stewart Brand (TIME Magazine) 


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