The devil will be in the fees and charges
Instant money transfer via the CBA? I’d like to see that! (What’s their cut, 10%?)
They don’t even credit an ATO cheque immediately these days.
Peer-to-peer payments, transfers via Facebook, and support for contactless near-field communications: the Commonwealth Bank has reached for the buzzword book to create a new payment system it hopes will help it ride on the back of huge growth in mobile payments systems. It also targets the huge growth of the iPhone in …