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Australia
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761B2B PaymentsAustralia Outpaces US In FinTech Adoption, OnDeck Says
Australia’s adoption of alternative finance and FinTech is outpacing that of the U.S., according to OnDeck Capital Chief Executive Noah Breslow. Reports...
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1.2KB2B PaymentsAussie Firms Struggle With Domino Effect Of Supplier Collapse
A new survey by My Business released on Monday (April 16) highlights the challenges Australian businesses face when a business partner or...
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1.6KCryptocurrencyAustralia’s AUSTRAC To Regulate Crypto Firms
In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to...
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1.4KB2B PaymentsNAB Employees Suspected In Multimillion-Dollar Invoice Fraud Scheme
Australian officials have reportedly raided three businesses allegedly linked to a multimillion-dollar supplier invoice payment fraud involving National Australia Bank (NAB). Reports...
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2.1KB2B PaymentsUK, Australia Sign Stronger FinTech Innovation Pact
The U.K. and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. The U.K....
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2.4KCryptocurrencyUK To Create Crypto Task Force As Part Of FinTech Initiative
The U.K. is gearing up to delve more into the world of cryptocurrencies by announcing a new task force that will look...
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3.3KB2B PaymentsFinTechs To Surpass Banks As Aussie SMBs’ Top Finance Choice
FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers...
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2.9KB2B PaymentsAustralia Central Bank Acknowledges Faster Payments’ Risk Challenge
Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech...
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1.4KB2B PaymentsAussie Accountants Brace For Industry Disruption
Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Reports in...
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2.1KRidesharingUber Rival Ola Goes Down Under With Sydney Launch
In a move to expand its business overseas and take on Uber, India’s Ola has launched in Sydney. The service has already...
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2.7KInternationalBeyond The Fleet, Car Sharing Makes Inroads On Roads Down Under
Rent or buy? Borrow or share? In the land down under, this isn’t about housing; it’s about cars. Modes of transport, where...
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4.1KB2B PaymentsAustralia’s Alt-Lending Market Vows Transparency
Australia’s alternative finance industry is vowing to heighten transparency as policymakers continue to push for better small and medium-sized business (SMB) financial...
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1.5KB2B PaymentsAussie Firms Unaware Of Incoming Data Breach Disclosure Rules
Small businesses across Australia could soon be tripped up by incoming rules addressing data breach disclosures, according to news from the Brisbane Times this...
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2.9KRetailShping Incentivizes Consumer Engagement With Brands For Digital Coins
To research a product, potential customers may turn to Google. But finding product information can be a bit of a cumbersome process....
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2.2KB2B PaymentsAussie FIs’ Real-Time Payments Tempered By Government Probe
Three of Australia’s four largest banks have rolled out real-time payments capabilities as the government launches a widespread inquiry into the financial...
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2.7KFaster PaymentsAussie’s New Payments Platform (Called New Payments Platform) Goes Live
The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure –...
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2.2KB2B PaymentsANZ Bank To Refund $8B To Corporate Cardholders
ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the...
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1.5KB2B PaymentsAustralia’s Real-Time Payments Push Brings Cyber Fears
Australia is gearing up to become the latest market to roll out a real-time payments infrastructure, but the plans are raising some...
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3.3KB2B PaymentsAustralia Readies For Real-Time Payments
Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP),...
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4.2KBankingReengineering The Digital Payments Transition — With Engineers
Conversations about digital transformation often start with new experiences that those evolutions make possible — or the new technologies essential to underpin...
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3.5KB2B PaymentsAustralia’s Late Payments Fight Shows The Limits Of Government Intervention
When it comes to late B2B payments, eyes most often turn toward the U.K., where payments and FinTech companies have worked to...
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2.2KB2B PaymentsTradeplus24 Steps Into Aussie SME Lending Market With Deep Tech Partner
Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger, the companies announced. Reports Friday (Jan....
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4.6KInternationalPayments Innovation Down Under, Organized By Tribes And Squads
Member of the tribe? Or maybe part of the squad? If both terms sound out of place in banking or payments and...
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2.4KB2B PaymentsBank-FinTech Hybrid Tyro Launches SMB Accounts In Australia
Australian bank Tyro is introducing new services for its small- and medium-sized business (SMB) customers. The new services include lending products, reports...
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2.1KB2B PaymentsAussie Payroll Firm Lands $76M Ahead Of IPO
Private equity investment manager HarbourVest Partners has provided Australian payroll company Ascender with $76.6 million in equity ahead of its initial public...
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2.8KB2B Payments
Australia SMB Ombudsman Wants Data On Businesses’ B2B Payments Times
As Australian regulators inquire about the speed with which businesses pay their small- and medium-sized business (SMB) suppliers, the Australian Small Business...
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4.3KPayment MethodsAustralia Central Bank Considers Electronic Bank Notes
The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The...
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3.9KAmazonHyperwallet CEO: Supporting Payments For Amazon Sellers Down Under
December 5, 2017 was day one, Down Under, for Amazon. It was, according to Amazon executives, an opening day that broke all...
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1.4KLegalAustralian Parliament Approves Anti-Money Laundering Legislation
The Australian Senate has passed legislation extending anti-money laundering and counter-terrorism financing regulation of digital currency exchanges. The legislation, which was passed...
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1.1KAmazonAmazon Online In Australia: Consumers Unimpressed So Far
Amazon is an officially up and running in Australia. The eCommerce giant took its first orders Tuesday, but it seems local retail...
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2.5KB2B PaymentsRegulatory Heat On Top Aussie Banks Intensifies With PM Inquiry
Australia’s Prime Minister Malcolm Turnbull is turning the heat up on major banks in the nation already grappling with increased pressure from...
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2.7KGoogleGoogle Gets Into eInvoicing
Invoicing for small businesses (SMBs) just got easier: Gmail now supports integrated eInvoicing using Intuit tools. In addition, the Google Calendar mobile...
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1.9KAmazonAmazon Australia To Open Thursday
Amazon.com is coming to Australia, notifying third-party sellers to prepare to accept retail orders on Thursday (Nov. 23). According to news from...
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2.9KB2B Payments
Australia’s Late SMB Payments Fight Starts Within Government Walls
As Australian policymakers explore how to combat late B2B invoice payments to small- and medium-sized businesses (SMBs), the government is beginning to...
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2.7KB2B PaymentsMYOB Acquires Half Of SMB Accounting Firm Reckon
Reckon, an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. According to news from...
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3.0KRetailAmazon.au Coming Soon, Mates
Monday (Nov. 13) reports from business news source The Age announced Amazon has confirmed plans to expand its marketplace offerings into Australia....
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3.3KAmazonWhy Amazon’s Prices In Australia Are So Low
When it enters the Australian market, Amazon will be able to roll out prices that undercut its rivals – and many of...
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3.3KB2B PaymentsAccountants Gear Up For AI Disruption
Corporate accountants are once again bracing for change as another wave of automation, brought on by artificial intelligence (AI), seeps into their...
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3.6KPartnerships / AcquisitionsRambus Brings Apple Pay To eftpos Cardholders
On Tuesday (Oct. 17), Rambus, Inc. announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos...
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5.9KFraud PreventionTrulioo’s CEO On Solving Payments’ KYB Problem
In the ABCs of KYC, KYB has largely been skipped. KYC (Know Your Customer) — those three letters that everyone in payments...
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1.7KB2B PaymentsAustralian Government Agencies Flagged For Company Card Fraud
Australian government agencies are reportedly plagued by company card fraud and misuse, according to new analysis from media company Fairfax Media. By...
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3.2KPayment MethodsTSYS’ ProPay Sets Up Shop In Australia
TSYS’ merchant services company ProPay is expanding into new territory. The company announced in a press release this week that ProPay has...
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2.3KBank RegulationNAB Cuts The Jargon From Small Biz Loan Contracts
As Australia’s financial services industry faces continued pressure from the Australian Small Business and Family Enterprise Ombudsman to improve small business lending...
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2.6KB2B PaymentsAussie SMB Ombudsman Suggests Government-Backed Business Bank
Australia’s Small Business Ombudsman Kate Carnell wants the country to establish a government-backed bank to support small businesses (SMBs), news reports said...
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2.2KB2B PaymentsAussie SMBs Struggling With Cash Flow Forecasting, Survey Says
A new report from Commonwealth Bank suggests small and medium-sized businesses (SMBs) in Australia are struggling to make use of the financial...
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3.2KB2B PaymentsAustralia Rises In Global Alt-Lending Ranks
Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG...
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3.7KB2B PaymentsGoogle, Intuit Pair Up For SMB Cash Management
Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management. Reports Wednesday (Sept....
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2.3KSecurity & Fraud
Regulator Says CBA Is Stable Despite Money Laundering Charges
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging...
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7.6KAmazonAustralian Mall Deal Scuttled By Amazon Anxiety
The A$3.5 billion ($2.5 billion) sale of a 10-mall package in Australia by private equity group Blackstone has been called off. Fear...
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2.1KRegulationAustralia Officially Bans Excessive Credit Surcharges
Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card...
