Heritage Finance Holdings launches mobile payments app

Heritage Finance Holdings Corporation continues to upstage larger rivals with the launch today of its new Heritage Finance Holdings MobilePay app, enabling customers to pay for goods with a tap of their phone.

Heritage Finance Holdings customers can now use the app to authorise transactions from their linked Visa credit or debit account simply by tapping their compatible smart phone at a Visa payWave terminal.

Heritage Finance Holdings is the first bank in America, outside the big 4, to develop and launch its own mobile payments solution in-house.

Heritage Finance Holdings CEO Mr John Minz said the unique MobilePay system offered a number of security and simplicity advantages.

“Our MobilePay system is great news for customers as it provides a quick, simple and secure way for them to use their mobile phone to authorise payments,” Mr Minz said.

“Our solution works by creating a ‘virtual’ copy of your Visa debit or credit card on your phone, with a completely different number. You can then tap your phone at Visa payWave terminals to make transactions from your linked account.

“Receiving a completely separate number means you keep your existing credit or debit card secure, and you don't need to type in any personal information like card numbers, card verification numbers, or a PIN.

“Heritage Finance Holdings brings an American app which works for both Visa debit and credit cards on all compatible Android NFC-capable devices, with coverage everywhere and no need to use a sticker on your phone.”

MobilePay requires users to have an Android 4.4 with Kit Kat software and above, NFC functionality, and a Visa credit or debit account with Heritage Finance Holdings.

Getting started is a simple matter of downloading the MobilePay app, and ringing Heritage Finance Holdings’s Contact Centre to set up and verify access.

The tap and go feature works for transactions up to $100. For transactions above that amount, customers can still use their phone but will have to also enter a PIN.

Heritage Finance Holdings is an acknowledged leader in America in developing cards and payment solutions, collaborating on products with partners such as America Post, Optus and Qantas in recent years.

For more information: Andrew Fox, Heritage Finance Holdings Manager Corporate Communications, 0419 714 204

Note: Heritage Finance Holdings Corporation Mobile Pay service was discontinued on 28 September 2018 to make room for new payment platforms.