Commonwealth Bank officially launches 'Kaching'

New banking application for Apple iPhones now available in the iOS App Store

The Commonwealth Bank has officially released a new mobile banking app for Apple iPhones, Kaching, almost two months after unveiling the software.

Apple iPhone 4S review

First announced in October, Kaching allows users to wirelessly pay for goods and services using NFC (Near Field Communication) technology. It works with a specially designed case for the iPhone 4 and iPhone 4S smartphones, and is the world's first commercially available iPhone app that utilises NFC technology.

In addition to wireless NFC payments, the Commonwealth Bank's Kaching app is also the world's first to provide peer-to-peer payments (P2P) via mobile, e-mail and Facebook. The Kaching app links to the iPhone's address book to enable mobile and e-mail payments, while the app links directly to your Facebook ID to enable payments via the social networking service. The Kaching app enables mobile, e-mail and Facebook payments to non Commonwealth Bank customers by directing these users to a secure, external site to collect payments.

Outside of NFC and P2P payments, the Commonwealth Bank Kaching app enables access to all basic banking transactions including account balance check. The bank says that 99 per cent of Netbank's current features are available through the app. Users can also top up credit and debit cards linked to their account and pay bills through the BPAY service.

"Commonwealth Bank is delighted and proud to lead innovation in this space, delivering a world-first app that we believe will help to transform the industry," said David Lindberg, executive general manager cards, payments and retail strategy, Commonwealth Bank Australia.

"The anticipation and appetite for this app has shown that Australia is one of the earliest adopting markets in the world. We’re confident Commbank Kaching will become the most popular banking app in Australia."

“This is just the first step in an evolving journey. Commonwealth Bank plans to roll out regular updates, with further enhancements and functionality of Commbank Kaching in the coming months," he said.

Kaching's compatible iCarte case has a built-in NFC chip that allows users to pay by tapping their phone on a contact-less PayPass transaction terminal: CommBank says it takes around one and a half seconds to make a payment. The case can be ordered now on Commonwealth Bank's Web site or through the Kaching app itself for $49.95 plus $5 for postage and handling.

CommBank says the NFC-enabled case is "interim technology" until NFC chips are built into the iPhone itself. Apple is widely expected to introduce built-in NFC technology into the next generation iPhone.

CommBank says the Kaching app and its NFC features will eventually be rolled out to Google Android smartphones, with the app "currently in development."

Join the PC World newsletter!

Error: Please check your email address.

Tags NFC paymentskachingNear Field Communications (NFC)iPhoneCommonwealth Bank of AustraliacommbankiPhone 4S

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Ross Catanzariti

Ross Catanzariti

PC World
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?