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ANZ Visa payWave – Contactless Payment Technology

Information verified correct on April 24th, 2017

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 April 24th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 12 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 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 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) 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 on balance transfers and an exclusive $129 Virgin Australia Gift Voucher each 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
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive up to 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. 1.9% p.a. for 15 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
NAB Low Fee Card
Enjoy a low annual fee card with a low introductory rate of 0% p.a. on balance transfers for 18 months.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 12 months and 0% p.a. for 6 months on purchases combined with complimentary insurance covers.
0% p.a. for 6 months (reverts to 12.74% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
Bank of Melbourne Amplify Signature
Receive 30,000 bonus points when you meet the minimum spend. Also enjoy low introductory offers on purchases and balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $279 p.a. Go to site More info
Bank of Melbourne Amplify Platinum
Enjoy introductory offers on purchases and balance transfers with a sign up bonus points of 30,000 on eligible spend.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
Bank of Melbourne Amplify Card
Enjoy a 0% p.a. interest for 12 months on balance transfers and 0% p.a. for up to 6 months on purchases. Also earn Amplify points on purchases to redeem rewards and travel through Amplify Rewards.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $79 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 12 months and an introductory purchase offer of 0% p.a. for 6 months.
0% p.a. for 6 months (reverts to 12.74% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
St.George Amplify Card
A low interest rate of 0% p.a. for 12 months on balance transfers and a purchase offer of 0% p.a. for 6 months.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $79 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer and introductory interest rates on balance transfers and purchases.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
St.George Amplify Signature
Receive 30,000 sign-up bonus points with low introductory interest rates on purchases and balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $279 p.a. Go to site More info
BankSA Vertigo Platinum
Enjoy 0% balance transfer rate for 12 months and 0% purchase rate for 6 months if you apply and are approved by 1 May 2017.
0% p.a. for 6 months (reverts to 12.74% p.a.) 0% p.a. for 12 months $99 p.a. Go to site More info
BankSA Amplify Card
A rewards card with flexibility, a competitive balance transfer offer and the choice of two rewards programs.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 12 months $79 p.a. Go to site More info
BankSA Vertigo Visa
A low interest rate card with a low annual fee, a long-term balance transfer offer of 0% p.a. for 12 months and an introductory offer of 0% p.a. for 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Go to site More info
Citi Rewards Platinum Credit 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 $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
19.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee $0 p.a. 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 16 months with 2% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
ANZ First Visa Credit Card
Enjoy 0% p.a. balance transfer rate for the first 16 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 16 months with 2% balance transfer fee $30 p.a. Go to site More info
NAB Premium Card
Enjoy a low interest rate on balance transfers. Benefit from platinum credit card advantages.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info
NAB Low Rate Credit Card
A low rate card which offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with 3% balance transfer fee $59 p.a. Go to site More info
St.George Vertigo Platinum - Online Only Balance Transfer Offer
Enjoy a long-term balance transfer offer of 3% p.a. for 36 months when you apply online, plus complimentary insurance covers and a personal concierge service.
12.74% p.a. 3% p.a. for 36 months $99 p.a. Go to site More info
Woolworths Everyday Platinum Credit Card
Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017. Also, enjoy a long-term balance transfer offer and an annual fee waiver for the first year.
19.99% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info
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16 Responses to ANZ Visa payWave – Contactless Payment Technology

  1. Default Gravatar
    Nich | February 22, 2017

    “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.”

    What if someone knows the above info, and uses a stolen card to make multiple purchases at different retailers below $100? Is it then possible to set a daily limit to Paywave?

    Thank you

    • Staff
      May | February 23, 2017

      Hi Nich,

      Thank you for your inquiry.

      ANZ bank has a team that is responsible for ANZ Falcon security. They are in charge of monitoring for any level of suspicious activity on your account. They’ll notify you immediately if there is something that seems suspiciously different to your normal level of spending. So long that you can verify that those transactions are fraudulent and you contact ANZ to notify about the questionable transactions, then you won’t be held liable for those charges and you can also get that money back in your account.

      You may contact ANZ bank to get more information about how you can be secured using the payWave facility.

      Cheers,
      May

  2. 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

  3. 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

  4. 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.

    • Default Gravatar
      Steven | October 4, 2016

      Why did my paywave transaction get approved when i had a balance of $0.00?, not a very good safety feature. Its like having a credit card when i don’t want one.

    • Staff
      May | October 5, 2016

      Hi Steven,

      Thank you for your inquiry.

      For instances that your card went through for a transaction but you do not have enough balance on your account, ANZ may have allowed your account to be overdrawn. Such transaction is processed by ANZ using the Informal Overdraft Facility. I have sent you a link where you can find more information about this facility.

      Please keep in mind though that this facility can be switched off. You can contact ANZ if you do not want to use this service.

      Cheers,
      May

  5. 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.

  6. 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.

  7. 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

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