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Staff Reporter
A recently introduced smartphone-based system for rent, strata and invoice payments has supported 10,000 transactions in each of its first three months of operation.
Macquarie Bank’s DEFT payment system for smartphones, which operates via an optimised deft.com.au website, enables people to pay their rent, strata levies or invoices while they are on the move.
Macquarie Bank said that unlike a smartphone app, DEFT for smartphones is browser based, meaning it is fully compliant with the Payments Card Industry Security Council Standards and payers can pay with peace of mind knowing their credit card data is being handled securely and their privacy is being protected.
“DEFT has always been about choice and convenience, offering the broadest range of payment options in the market and being available 24/7 through the phone service and online,” said Shaun Bassett, head of Macquarie’s residential real estate segment.
“The high volume of transactions we’ve seen through DEFT mobile to date, particularly in the absence of any proactive promotion of this new service, really demonstrates that this is the future of payments.”
In addition to the new offering for smartphones, Macquarie said it has also launched a range of enhancements to the core DEFT payment system including a simplified phone payment service and a new secure online login. There is also an option for payers to request payment receipts to be sent to a nominated email address.
“A core focus for DEFT is business efficiency, reducing time-consuming administration by providing an automated payment process consolidating all transactions into one file that can be downloaded and automatically receipted into a client’s system,” Mr Bassett continued.
DEFT was launched in 1995, and in the past 12 months has supported more than 11.6 million transactions, a volume that has increased by 80 per cent in the past three years, with the value of transactions almost doubling to $13 billion during that time.
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