ANZ Visa payWave – Contactless Payment Technology

Information verified correct on September 29th, 2016
ANZ_Visa_PayWave_250x250

Visa payWave is a secure, contactless technology that helps you spend less time at the register.

The Visa payWave is the latest innovation by Visa. With this card, you can now transmit your purchase information via a small antenna that’s embedded inside your card.

No longer do you have to swipe your card and then enter a PIN number or sign your name. You also don’t need to think about carrying cash around with you. You just wave your card past the portal point and your payment is made automatically through your account.

The benefits

When you use the Visa payWave, you’re saving a lot of time. As long as the amount of the purchase is under $100 and the merchant accepts the card, you can transmit your purchase information through the air and you don’t have to worry about a thing.

You’ll still receive a receipt for your purchase transaction to verify that the payment was received from the right account. You just won’t be using a signature or a PIN to verify the sale. The chip inside your credit card does this for you.

If you’re not sure if the merchant accepts the card, look for the payWave symbol. But even if the merchant doesn’t accept the ANZ Visa payWave, as long as Visa is accepted, you’ll be able to use your card the old fashioned way.

Are there any fees?

You will be charged standard fees just like with any Visa card but you won’t be charged anything extra just for using payWave technology. This service is completely free, and Visa payWave terminals can only accept one transaction at any one time, so no need to worry about your card being charged multiple times. The merchant will have to complete the transaction or void it out if you wish to wave your card again.

The merchant has to enter the amount of the purchase and then prompt you to use the card before your transaction can go through. So you can relax as the ANZ Visa payWave is not only extremely convenient but it’s also an easy way to shop for the things you need.

How close do you need to be?

When you want to use your ANZ Visa payWave, you only have to hold your card a few centimetres away from the card reader terminal for your card to be accepted. Again, your purchase must be less than $100 if you want to wave your card. If the purchase is over $100, you will need to enter your PIN number or sign your name just as you always have.

Could you make accidental payments by walking past a card reader?

In order for a payment to go through, the shop assistant or retailer needs to enter the amount being charged for your purchase. You then need to hold your card a few centimetres away from the reader so the purchase can be recorded.

This means you can’t accidentally be charged for something you didn’t buy just by walking past a payWave terminal with your credit card.

Of course, you still have the option of paying for your purchases the usual way if the retailer you’re shopping with doesn’t have this kind of terminal yet. This means you can still swipe your card like always and sign the receipt if you want or enter your PIN to verify the purchase.

So as long as the merchant accepts the ANZ Visa payWave and you aren’t buying anything over $100, you can just wave your card close to the terminal and your payment will be processed. Then you can gather your purchases and leave the store in record time.

payWave security features

Some customers have voiced concerns about the ease of a credit card being stolen and then used with payWave technology to accumulate purchases without needing a PIN or a signature. But the ANZ payWave system does offer security for your account to offer you some peace of mind.

ANZ credit cards use the most modern encryption technology available to help reduce the incidence of credit card fraud. When you make a payment using ANZ payWave, you know that the payment will be processed by the same secure network that is used to process the transactions for chip cards too.

The teams responsible for ANZ Falcon security are dedicated to watching for any level of suspicious activity on your account. If they notice anything that seems suspiciously different to your normal level of spending, they’ll notify you immediately that something seems out of the ordinary.

You can also feel secure that you have the ANZ Fraud money back guarantee behind you and your account. This means if your card does go missing and someone else decides to spend money using your credit card, you won’t be held liable for those transactions.

As long as you can verify that those transactions are fraudulent and you notify the ANZ regarding the details of the fraud, you will receive that money back in your account.

Compare cards with Visa payWave

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ First Visa Credit Card - Exclusive Offer
Enjoy making contactless payments plus receive a 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 on purchases.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Westpac Low Rate Card
A no frills credit card with an introductory rate of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. Go to site More info
Citi Simplicity Card
Enjoy up to 55 interest-free days and a low interest rate on purchases plus enjoy free bottles of wine from Citibank Dining Program. Offer ends on 31 March 2017.
11.99% p.a. for 24 months (reverts to 19.99% p.a.) $0 p.a. Go to site More info
NAB Qantas Rewards Premium Card
Get 20,000 bonus Qantas Points plus enjoy a low promotional offer of 0% p.a. for 15 months on purchases and balance transfers.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $250 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months. 0% p.a. for 18 months on balance transfers.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ANZ Low Rate
Save with a low rate on purchases and balance transfers with a low annual fee and ongoing purchase rate.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
For high debt that needs a longer time to be repaid, this low, long term balance transfer offer may appeal. A popular and prestigious Platinum card offer.
20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
ANZ First Visa Credit Card
Enjoy a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Go to site More info
NAB Premium Card
Enjoy a low interest rate on balance transfers and purchases. Benefit from platinum credit card advantages.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $90 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
20.99% p.a. 0% p.a. for 12 months $99 p.a. annual fee for the first year ($199 p.a. thereafter) Go to site More info
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months balance transfers and an exclusive $129 Virgin Australia Gift Voucher every year.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
NAB Velocity Rewards Premium Card
0% p.a. on purchases and balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase in the first 90 days of opening your account. You gain both Visa and American Express cards which are linked to one single account and annual fee.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $150 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
Citi Prestige Card
Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
20.99% p.a. 0% p.a. for 6 months $700 p.a. Go to site More info
ANZ First Student Card
An ideal credit card for students with 44 days interest-free on purchases with $0 annual fee in the first year. Access your account on the go with the goMoney™ app.
19.74% p.a. $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card
Enjoy platinum card benefits with $0 annual fee in the first year and complimentary overseas travel and medical insurance.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $30 p.a. Go to site More info
Newcastle Permanent Value+ Credit Card
Enjoy a competitive annual fee and interest rates on purchases, cash advances, and balance transfers.
11.49% p.a. $49 p.a. Go to site More info
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12 Responses to ANZ Visa payWave – Contactless Payment Technology

  1. Default Gravatar
    Jacqui | April 22, 2016

    My VISA paywave card won’t tap anymore! It doesn’t even recognise the card is there, so I have to swipe and pin everytime :(
    How do I get it to work again?

    • Staff
      Ally | April 26, 2016

      Hi Jacqui,

      I’m sorry to hear about that, but kindly take note that finder.com.au is an online comparison service that does not represent any credit card issuer such as ANZ.

      For that kind of concern, it would be best to contact ANZ’s customer service team for direct assistance.

      Their contact details can be found on the link that I sent to your email.

      I hope this has helped.

      Cheers,
      Ally

  2. Default Gravatar
    aimee | November 21, 2014

    No money in account but used wrong card so it debited my account. Will I be charged fees?

    • Staff
      Elizabeth | November 21, 2014

      Hi Aimee,

      Thanks for your question.

      ANZ may allow you account to be overdrawn, and yes you will be charged a fee. According to the ANZ website, if a payment or withdrawal would mean your account is overdrawn ANZ may allow the payment to be processed using the Informal Overdraft Facility. An Overdrawn fee of $6 applies for each ANZ Business Day the balance of your Informal Overdraft facility is more than $50 (up to a total of ten ANZ Business Days and a maximum amount of $60 per calendar month).

      I hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    ciaran | August 25, 2013

    Hi. Can I use pay wave even if I have no money in my account?

    • Staff
      Jacob | August 26, 2013

      Hi Ciaran.

      Paywave is linked to your available credit or the money in your account. If you have no money in your account then Pay Wave will not work.

      Thanks for your question.

  4. Default Gravatar
    Muhaini | May 2, 2013

    Hi, If I have a cashback credit card from national bank could i change it to visa wave?

    • Staff
      Jacob | May 2, 2013

      Hi Muhaini. Thanks for your question. Please consult the issuing bank for more information. Jacob.

  5. Default Gravatar
    Laurie | April 15, 2013

    Does the paywave work in UK and Europe?

    • Staff
      Jacob | April 15, 2013

      Hi Laurie. Thanks for your question. You can use this feature of your card anywhere the displays the Visa PayWave symbol, both at international and domestic merchants. Jacob.

  6. Default Gravatar
    Noel | January 22, 2012

    Can I use Credit & Savings Accounts with “ANZ Contactless”?

    • Staff
      Jeremy | February 10, 2012

      Hi Noel,

      Thanks for the question. From the ANZ website: “If you are an existing account holder of any of the following accounts, you should be eligible to have Visa payWave on your ANZ Visa credit card. – ANZ Balance Visa – ANZ First – ANZ Rewards – ANZ Frequent Flyer – ANZ Platinum – ANZ Rewards Platinum – ANZ Frequent Flyer Platinum. For MasterCard holders you should be eligible to have MasterCard Paypass enabled on your card.” While for ANZ Access Visa Debit Card holders: “you should be eligible to have ANZ Visa payWave enabled on your card.” Cheers.

      Jeremy

Credit Cards Comparison

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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