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Australia
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888BitcoinBitcoin Daily: Lancashire Cricket To Enable UK’s First Blockchain Mobile Tickets; Japan Lawmakers To Propose Country’s Own Crypto
The U.K.’s Lancashire Cricket Club is now selling tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through...
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1.5KInternationalAmazon Seeks Pharmacy Trademarks In Canada, UK, Australia
Amazon has filed for a trademark for Amazon Pharmacy in several countries, according to a report by CNBC. Those countries include Australia,...
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3.5KCryptocurrencyDigital Currency Eyes Wholesale — Not Retail — Payments Down Under
Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some...
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1.6KBitcoinBitcoin Daily: IDC Identifies Terror-Linked Hamas Bitcoin; Venezuela Opens Crypto Casino
The International Data Corp.’s Institute for Counter Terrorism (IDC-ICT) has discovered a bitcoin front linked to Hamas that is associated with Iran,...
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4.7KRetailHow ‘Contact Us’ And The Kardashians Ignited Afterpay In The US
Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because...
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4.4KPayments InnovationPayPal Hits $10B Charitable Donations Processing Milestone
From where PayPal sat, the world was a very generous place in the year 2019. According to data released this morning, donation...
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1.9KInternationalAfterpay, Red Cross Team To Collect Donations For Australia Fires
Afterpay and the Red Cross are looking for money donations to help Australia amid the bushfire crisis currently ravaging the country. Based...
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2.0KB2B PaymentsJudo Bank Adds InfraRisk Tech To Bolster SMB Lending
Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending...
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2.6KLoansCA Denies Lending License For BNPL Firm Sezzle
Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending...
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2.4KB2B PaymentsAussie Auditors’ Role In Reverse Factoring Disclosure Questioned
Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether...
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2.2KB2B PaymentsAustralia Chooses eInvoice Partners Ahead Of Standardization
Australia continues to make progress toward its eInvoice standardization initiative and has chosen its accredited partners to provide approved eInvoice services. The...
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2.0KB2B PaymentsPayroll Automation Blamed In Aussie Underpayment Scandals
A string of underpayment cases that have emerged across Australia in recent months is raising concerns over corporates’ reliance on automated payroll...
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2.2KB2B PaymentsData Standardization’s Path To Faster Supplier Payments
One can’t move money without moving information — a fact that’s particularly true for the B2B payments space, in which remittance and...
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5.5KMastercardMastercard Pilots Digital ID Verification Program In Australia
Mastercard is launching a new digital resource that has the potential to instantly authenticate someone’s identity in a secure manner, the company...
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4.6KB2B PaymentsMessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand
MessageXchange has announced that it is the first PEPPOL-certified eInvoicing Access Point service provider in Australia and New Zealand. Earlier this year,...
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3.6KB2B PaymentsAustralian B2B FinTech Tyro Is Bright Spot In IPO Debut
Australian B2B FinTech Tyro Payments recently listed on the Australian Securities Exchange (ASX) and saw its share price increase 29 percent above...
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2.4KPersonnelWestpac Chief Exits Amid Money Laundering Accusations
Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. The country’s...
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3.5KSecurity & FraudAustralia’s Westpac Nailed For 23M AML Violations
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The...
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2.1KB2B PaymentsIn Australia, Late Payments Hit SMBs During Holiday Season
Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply...
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5.1KB2B PaymentsSMB Lending In Australia After Lending Standards Are Waived
Australia is making small business lending easier by waiving responsible lending standards for small firms. Treasurer Josh Frydenberg announced last week that...
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2.2KB2B PaymentsAustralian Government Launches Supply Chain Finance Probe
The Australian government has launched an investigation into the supply chain finance market and the impact of the financing tool on small...
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4.4KPartnerships / AcquisitionsPayPal, Citi To Offer Consumer Credit Products In Australia
Citi Australia and PayPal Credit Australia announced they have entered into a long-term strategic partnership to develop consumer credit products for PayPal’s...
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4.9KB2B PaymentsAustralia Launches Small Business Insolvency Probe
The Australian government will be launching an investigation into insolvency practitioners amid rising criticism and allegations that unfair practices pushed small businesses...
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3.3KB2B PaymentsVisa Supports Rollout Of Aussie AP Service Yak Pay
Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for...
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2.8KB2B PaymentsIn Australia, Late Payments Under Govt Microscope
Australia’s federal Labor Party has issued calls to scrutinize late payment practices that it has said are “unfair” to small and mid-sized...
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4.1KDigital BankingAussie FinTech Douugh Expands Mastercard Debit Cards To US Customers
Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence...
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4.2KB2B PaymentsHow Collaboration Helps Supply Chain Finance Break Out Of Silos
Bank-FinTech collaboration is a growing phenomenon helping traditional financial institutions embrace the innovation of FinTech competitors without having to develop their own...
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3.1KAuthenticationInside Australia’s Push For A Safe And Trusted Digital ID
Although accessing government services online is much more convenient than in person, it can be a struggle for those who lack digital...
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5.2KAuthenticationInside Australia’s Push For A Safe And Trusted Digital ID
The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. In fact, PYMNTS’ Digital Identity Lifestyle...
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6.8KDeliveryAustralia Gets Taste Of Digital Food Delivery With DoorDash
San Francisco-based DoorDash is moving beyond North America and is now taking orders in Melbourne, Australia, taking on UberEats, Menulog and Deliveroo,...
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2.6KB2B PaymentsAustralia Pushes eInvoicing To Boost SMB Compliance
The Australian Taxation Office (ATO) says killing off the paper invoice is critical to promoting corporate compliance and business growth as the...
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2.5KBlockchainIn Switzerland, Regulators Eye Payments Over Blockchain
Switzerland’s regulators are mandating that firms conducting business across blockchain conduct AL and KYC due diligence. In Australia, the Securities Exchange is...
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3.4KBitcoinBitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States
The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG...
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World Bank Lands $33M For Australian Blockchain Bond
The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond-i. The bond, which is due...
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5.5KSecurity & FraudPayID Hack Prompts Warning From Banks Down Under
A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra...
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3.0KB2B PaymentsWestpac Teams With Coupa To Revamp SMBs Spending In Australia
Australian lender Westpac is partnering with business spend management (BSM) firm Coupa to help companies improve finance management on a cloud-based platform,...
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1.8KBank RegulationLawsuits Likely In Aussie Bank Probes
The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator...
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5.4KLoansCiti Pilots Credit Card Installment Loans Down Under
Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan...
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7.0KB2B PaymentsPayPal Australia Reaches $500M SMB Loan Volume
PayPal Australia’s small business lending operations have reached a new milestone, facilitating $500 million in working capital loans, reports in Finder said...
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2.5KBitcoinBitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem For Crypto Trading And Betting
Authorities in Australia have charged five individuals in connection with a digital currency investment scheme, which reportedly bilked victims out of $2.7...
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3.6KRetailAfterpay Reports 6.5K Merchants On Payments Platform
Afterpay, the leader in “buy now, pay later” payments, said in a press release that its second bi-annual two-day sale, Afterpay Day,...
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3.3KB2B PaymentsPressure Mounts On Big Four Auditors
The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s...
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2.2KRegulationAustralia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants....
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2.9KInvestmentsCredible Labs Valued At $397M In Deal With Murdoch’s Fox
Rupert Murdoch-controlled Fox Corp is buying personal finance broker Credible Labs in a deal valued at $397 million, Reuters reported on Monday...
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2.7KRegulationAustralia To Create New Regulatory Branch To Monitor Facebook, Google
In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and...
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2.6KB2B PaymentsAustralia Tells Wine Sector To Kick Its Late Payments Habit
The Australia Competition and Consumer Commission (ACCC) is ramping up its efforts to promote faster payments to small suppliers in the wine...
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3.1KBitcoinBitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K From Pension Fund
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it...
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3.4KDeliveryAussie Regulator Challenges Uber Eats Over Restaurant Contracts
Uber Eats in Australia can no longer charge restaurants for delivery mistakes that were out of their control, according to a report...
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3.3KB2B PaymentsIn Australia, Card (And Other Payments) Fraud Is Big Business
Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars. Elsewhere,...
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3.0KB2B PaymentsMYOB Suffers Payroll Reporting Glitch
Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known...
