Sections
Australia
-
957Security & FraudAustralian Government Discloses Sophisticated Attack On Parliament Computer Network
The Australian government has disclosed that it was the victim of a cyber attack and said the government suspects a state actor,...
-
943B2B PaymentsDown Under, Supermarkets Combat Late Payments
In Australia, large supermarket chains are among the firms combatting late payments, and adhering to a supplier payment code. In the U.S., the...
-
2.2KB2B PaymentsIntuit Study: A Third Of Small Businesses Grapple With Late Payments
Cash flow is steady when accounts payable and accounts receivable are well managed. Hiccups in accounts receivable — such as not getting paid...
-
3.1KBank RegulationNAB CEO, Chairman To Step Down Amid Performance Criticism
National Australia Bank chief executive Andrew Thorburn and chairman Ken Henry are leaving amid criticism of their leadership at the bank. The...
-
3.6KB2B PaymentsAustralia Commission: Tighter Regulation Not The Right Move For SMB Lending Misconduct
The Australian government is taking major steps toward overhauling the nation’s banking industry amid revelations of misconduct by top financial institutions (FIs),...
-
2.1KBank RegulationAustralian Reg: Banks Need More Competition
Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The...
-
2.1KB2B PaymentsAussie Lawmaker Calls For Mandatory Timely Supplier Payments
Australian Senator Pauline Hanson is urging the government to adopt mandatory, timely B2B payments for small suppliers, reports in The Australian said...
-
2.5KRegulationJapan, Australia Back X-Border eCommerce Data Regulation
More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules...
-
2.6KDigital BankingSWIFT Messages Hit All-Time High, Driven By gpi Adoption
SWIFT, a leader in secure financial messaging services, said that it facilitated an average of 31 million messages a day in 2018,...
-
3.0KMobile PaymentsWill Apple Pay Pay Off in the Land Down Under?
Cash as king in the Land Down Under? Cash as the conduit to Apple Pay inroads in the Land Down Under? News...
-
3.9KPayment MethodsApple Pay Lets Users Down Under Pay Merchants From Their Bank Account
Apple Pay, in a move that will let users in Australia skip credit card fees at places that support EFTPOS (electronic funds...
-
6.3KPayment MethodsWhat Australia Can Teach The World About Real-Time Payments
On the face of it, the lure of real-time payments might seem like an inevitability. The concept is gaining traction and deployment...
-
3.2KBitcoinBitcoin Daily: SEC Regs Could Exclude Cryptos; Litecoin Founder Has Eye On Survival
A bipartisan bill has been introduced by Congress that would aim to amend the Securities Act of 1933 and the Securities Exchange Act...
-
2.6KB2B PaymentsAustralia Budgets For SMB Cybersecurity, Five-Day Supplier Payments
The Australian government has announced plans to set aside millions of dollars to support small business (SMB) cybersecurity, digitization efforts and accelerated...
-
3.2KB2B PaymentsJudo Capital Taps VERMEG For Reporting Compliance
Australian challenger bank Judo Capital has chosen VERMEG, a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority...
-
3.4KB2B PaymentsTemenos Preps For Aussie Open Banking With Avoka Takeover
Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits...
-
2.4KRegulationFacebook, Google May See Increased Regulation In Australia
The Australian Competition and Consumer Commission (ACCC) earlier this week published a series of recommendations to push back against the influence U.S....
-
2.9KB2B PaymentsLate Payments Spur Australian Subcontractors’ Advocacy
Down under, subcontractors are seeking relief from late payments, and calling for legislation to protect their precarious financial condition in the building...
-
4.0KB2B PaymentsAustralia Gets First Virtual Commercial Cards Via Mastercard, DiviPay
Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the...
-
4.6KB2B PaymentsAmex Go Gears Up For Australia Launch
American Express (Amex) is launching its new American Express Go service in Australia in an effort to help corporate financial managers adopt...
-
3.6KB2B PaymentsLate Payments Help Sink UK SME Confidence
In the U.K., the twin barrels of Brexit and late payments have helped erode confidence in growth prospects, according to Dun &...
-
2.8KB2B PaymentsCredit Suisse Backs Aussie Challenger Bank Judo With $250M
Australia-based challenger bank Judo Capital has raised more than $250 million from Credit Suisse Australia, according to reports. Business Insider Australia said...
-
2.3KDigital BankingCuscal On Digital Banking Done Down Under
In Australia, time for a purely digital bank? Cuscal is putting tech and funding behind 86 400, a bank done in bits...
-
6.4KB2B PaymentsAustralia To Buy $1.4B In Non-Bank Small Business Loans
The Australian government has announced a new initiative to support small business finance following a series of steps to crack down on...
-
4.9KB2B PaymentsAustralia Takes Name-And-Shame Approach To Late Payments
Australia will take a name-and-shame approach to combatting the issue of late payments to B2B suppliers, according to Smart Company reports Monday...
-
3.2KB2B PaymentsMajor Australian Banks Don’t Want Regulatory Overhaul
Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank,...
-
679Smarter PaymentsDeep Dive: How Faster Payments Change Business As Usual
The adoption of faster payment systems is a worldwide trend, with more than 40 countries now offering their own schemes. The following...
-
2.6KRetailAn Australian Taxi Bidding Model In The Age Of Rideshares
In the dot-com era of the 1990s, Priceline came onto the scene with a revolutionary idea for travel: Travelers could use a...
-
2.3KB2B PaymentsAustralia Forms Body To Handle Entrepreneurs’ Bank Disputes
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart...
-
4.6KEarningsCardtronics Q3 Revenue Takes Hit From UK And Australia Declines
Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics, the world’s largest owner of ATMs....
-
2.8KB2B PaymentsAustralia Moves To Standardize eInvoicing
Australia and New Zealand are planning to create trans-Tasman standards for electronic invoicing in an effort to save $30 billion over 10...
-
3.6KB2B PaymentsAustralia’s New Payments Platform Invites Startups Via API
New Payments Platform (NPP) Australia, the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech...
-
2.2KBank RegulationANZ CEO Tries To Clean Up Misconduct At The Bank
Australia and New Zealand Banking Group announced Friday (October 12) that it fired more than 200 employees for engaging in misconduct, reported...
-
5.1KB2B PaymentsAussie Bank Crackdown Takes Its Toll On ANZ Profits
Profits for Australia and New Zealand Banking Group (ANZ) have taken a hit as the nation continues its crackdown on bank misconduct,...
-
2.3KB2B PaymentsMYOB Targeted For $1.2B Acquisition
Shares in Australia-based small business cloud accounting software company MYOB jumped as much as 20 percent Monday (Oct. 8) following reports it...
-
2.2KGlobal PaymentsCANCAN Teams With WorldFirst Payments Platform; Westpac Launches Mobile Deposits
Welcome to The Axis, your late look at payments news from around the world. Coverage includes CANCAN and WorldFirst’s rollout of a platform...
-
2.3KB2B PaymentsEasy Pickings For BEC Criminals?
The age of business email compromise (BEC) is upon us. And for the scammers, it’s not all that hard to do the scamming....
-
2.3KB2B PaymentsAussie Banks Too Slow In Breach Notifications: Regs
Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial...
-
15.8KBitcoinBitcoin Daily: NY Approves First Stablecoins, WeChat Blocks More Crypto Accounts
New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved...
-
3.7KB2B PaymentsLate Payments in the Big Apple — And Beyond
New York, New York. If you can make it there, you must be getting paid on time — easier said than done....
-
15.2KBitcoinBitcoin Daily: China Says Blockchain Can Authenticate Evidence, Australia To Closely Monitor ICOs, Crypto
Crypto payments startup Wyre has acquired Hedgy, a venture-backed bitcoin smart contract development firm. While Wyre already provides cross-border payments using bitcoin,...
-
8.3KB2B PaymentsAustralia Names New Small Business Minister
Australia’s new prime minister, Scott Morrison, officially took office late last week, and with his entrance comes a government reshuffle that has...
-
1.7KDigital PaymentsSix Months On, And Down Under, Looking At A New Payments Platform
Looking backwards and forwards from the six month vantage point can be instructive. Especially when it comes to payments. And in an...
-
2.4KNewsFive At Five: Apple Faces New Fine Rule In Australia
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Australian plans to gain...
-
1.9KAppleAustralia Readies Encryption Rule That Could Fine Apple
The Australian government on Tuesday (Aug. 14) put forth a new law that would call on technology companies, including Apple, to provide...
-
2.5KB2B PaymentsGoCardless Brings Direct Debit Supplier Payments To Australia
GoCardless is expanding into Australia in an effort to support direct debit B2B payments to suppliers, reports in IT Wire said on...
-
4.5KGlobal PaymentsGoCardless Launches In Australia; Manchester United Teams Up With MoPlay
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the rollout of GoCardless in Australia through a partnership with Xero....
-
2.5KB2B PaymentsBank Crackdown Has Money Managers Eyeing Corporate Finance
Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking...
-
1.6KAmazonAmazon Logs A Small Australian Loss
Amazon’s early days in Australia are not all smooth sailing as the eCommerce giant seeks to gain a foothold down under. According...
-
3.4KDigital PaymentsColes Selects Rambus’ Unified Payment Platform
Rambus, the digital security, semiconductor and IP products and services company, announced Tuesday (July 24) that Coles, the Australian retail group, has selected...
