An easier way to manage returns, warranties and your budget

Font Size:

Commonwealth Bank customers will be able to automatically receive itemised digital receipts through the CommBank app when they pay with their card or digital wallet at participating retailers after the bank announced a partnership with financial technology provider Slyp.

The addition of the digital receipt function will make it easier for customers to manage returns, warranties and financial management, and further extend the capabilities of its banking app. 

Commonwealth Bank spokesperson Angus Sullivan said the new technology provides an intuitive solution to an everyday problem for digitally active customers.

Slyp chief executive Paul Weingarth said the company was aiming to deliver an industry standard of digital receipts.

“We are in a strong position to push towards eliminating paper receipts and provide retailers and banks with a new way to delight and engage their customers post-payment,” Mr Weingarth said.

Slyp directly integrates the receipt information from the merchant’s point of sale system, matching it to the customer’s card and displaying it inside their banking app.

Additionally, this new technology comes at an opportune time with the increased focus on hygiene, which has seen retailers accelerate the move towards cashless payments in their outlets.

“COVID-19 has been a catalyst for retailers to encourage contactless digital payments in their stores. Digital receipts are a natural extension to this, which will benefit both shoppers and retailers,” Mr Sullivan said.

Do you use the CommBank app? Are you happy there is a solution for providing digital receipts as more payments go digital?

If you enjoy our content, don’t keep it to yourself. Share our free eNews with your friends and encourage them to sign up.

RELATED LINKS

Aussies seek out digital welfare support during crisis

The number of Australians seeking access to welfare support and unclaimed cash doubled.

Compensation sought after Optus allows huge privacy breach

Compensation sought after Optus publishes personal details of 50,000 customers in massive privacy

Health authorities slam COVID app message hoax

Hoax message circulates as Australians signing up in force for the new COVIDSafe app.

Written by Ben



SPONSORED LINKS

Sign-up to the YourLifeChoices Enewsletter

continue reading

Podcast

Podcast: Banishing winter blues with cold water companionship

COVID lockdowns can do funny things to people, but last year Melburnian Belle Galloway decided to do something she had...

Travel

Soothe your soul with these stunning images of Japan's cherry blossoms

It's sakura season, the perfect opportunity for locals to indulge in hanami, the traditional Japanese custom of 'flower viewing'. On...

Travel

Discover New Zealand's best winter attractions

To mark the start of the trans-Tasman bubble, here are some of the best things to do in New Zealand...

Travel

Check your passport's expiry date before booking

International travel seems to be slowly but surely returning. With the trans-Tasman bubble and talks of another bubble opening with...

Travel

Tips for getting a good night's sleep on holiday

Travel can seriously mess with our sleep. The jet lag that disrupts our body clocks may be the most obvious...

Travel

Tasmania's top spots for shopping and markets

The Margate Train offers shopping with a difference at Margate, southern Tasmania. Margate is 20 minutes south of Hobart (19km)...

Travel

What will it take for travel to get restarted again?

Maraid is encouraged by the travel bubble with New Zealand opening up and wonders what needs to happen before we...

Travel

The unbelievable software flaw that led to a major flight incident

When it comes to flight engineering, you would hope that every possibility has been factored in to perfection, but a...

LOADING MORE ARTICLE...