Australian schools go cashless

Commonwealth Bank of Australia (CBA) has rolled out mobile payment technology at 17 Australian schools, in a program it claimed is a world first.

Developed by MasterCard, QkR mobile payment technology – pronounced “quicker” – has been piloted at eight schools in Victoria since July last year.

The app lets parents use their iPhone or Android smartphones to order meals, contribute to fund raising, and pay for school items like uniforms without having to give their children money to carry to school. The bank also said the app provides schools with improved stock management and better control over cash flow.

Victorian schools Chelsea Primary, Brighton Primary, Maiden Gully Primary, Mentone Park Primary School, Plenty Parklands Primary, Specimen Hill Primary, Spring Gully Primary and Weeroona College are live with the app. Beecroft Primary School in NSW has also gone live.

These schools join the eight schools involved in the pilot program. CBA said the app is now ready to roll out to schools nationwide.

Read: Commonwealth Bank survey predicts triumph of mobile wallets.

Read: CommBank unveils enhanced mobile app.

“Throughout the pilot, we’ve seen QkR reduce financial admin and improve the management and planning of volunteer hours,” said Nick Aronson, managing director, Transaction Banking Solutions, Institutional Banking Markets at the Commonwealth Bank.

Aronson said the mobile payment technology could benefit other businesses in other industry sectors such as retail, government, and entertainment.

The QkR app was first rolled out in early 2012 at La Premiere Hoyts cinemas, enabling users to order food and drinks from their seats using an iPhone or Android smartphone.

Copyright © 2014 IDG Communications, Inc.

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