Australia

Australian 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...

1.3K

Payment Methods

TSYS’ 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...

1.5K

Bank Regulation

NAB 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...

Aussie 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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Aussie 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...

2.1K

Australia 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...

2.5K

Google, 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....

Security & 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...

6.6K

Australian 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...

1.5K

Regulation

Australia 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...

1.9K

Retail

Dubai’s Shedul Is Giving Beauty A Digital Makeover

“We did some research and found out that the majority of businesses in the beauty industry operate offline, without any software at all. A...

4.6K

Regulation

New York State Of (Cybersecurity) Mind

New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far. Brexit gets down...

4.3K

Security & Fraud

Australia Blames eCommerce, Bitcoin For Uptick In Organized Crime

Australia is blaming the growth in online banking and digital currencies like Bitcoin for a huge increase in organized crime in the...

1.9K

Aussie SMB Ombudsman Says Bank Compliance ‘Like Pulling Teeth’

As Australia continues its probe into small business banking, reports this week said small- and medium-sized businesses (SMBs) may have scored a win...

3.9K

Digital Payments

Australia Moves To Reform Digital Currency Laws

Digital currency is becoming one of the more pervasive forces pushing its way into all industries. As cryptocurrencies like bitcoin, Bitcoin Cash...

2.9K

Cash

Down Under, Cash Remains Steady

Cash and contactless payments in Australia are all up in each other’s grills (er, barbies) over small-value transactions. And, according to the...

3.3K

Cash

NEW REPORT: In Australia, Is Cash On The Barbie?

In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from...

3.8K

International

Australia Eyes New Currency Regs That Could Crack Down On Bitcoin

Australia’s government has announced new regulations intended at strengthening the nation’s anti-money laundering efforts. The proposed legislation — which the government says...

2.2K

Mastercard

Flywire Offers Tuition Discounts For Using A Mastercard

Flywire, the cross-border payment company, announced news on Tuesday (Aug. 15) that it is providing students and their families discounted prices on...

2.0K

How The Cost-Conscious Aussie SME Approaches Innovative Tech

Small businesses may be interested in innovative technologies, but only a few are willing to make the leap — and the investment — necessary...

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International

Western Union Brings Cash Transfers To Australia’s Gas Stations

Western Union money transfers are coming to gas stations. In Australia. According to reports, a new partnership between BP Australia and Western...

Security & Fraud

Australian Inboxes Hit With Fake ASIC Malware

If you live Down Under, you might want to stick to the old-fashioned kind of surfing and avoid the web today. Not...

3.4K

Mizuho Makes Progress In Blockchain Trade Finance Initiative

Japan’s Mizuho Bank is moving forward with plans to use blockchain for trade finance. The bank said Friday (July 7) that it...

2.8K

VCs Back Supply Chain, Corporate Banking Disruptors

The U.S. has taken the week to celebrate its Independence Day, but the rest of the global FinTech scene was busy funneling...

4.0K

U.S. Legislators Aim For Faster Construction Company Payments

Legislators in markets like the U.K. and Australia have begun to publicly combat late supplier payments to SMEs, but efforts in the U.S....

Payment Methods

Apple And Westpac Relationship Sours Over Payments In Chats

American multinational technology company Apple and Westpac, the Australian bank, have seen their relationship deteriorate after Apple told the bank to disable...

2.6K

Awareness Proving The Toughest Hurdle For Aussie Alt-Lenders

Australia’s market for small- and medium-sized enterprises (SME) is by no means easy. The nation is grappling with a late supplier payments...

Partnerships / Acquisitions

Samsung Electronics Australia Partners With Cuscal To Offer Samsung Pay

Samsung Electronics Australia has announced a partnership with Cuscal, Australia’s leading independent provider of online payments solutions, that will enable 38 financial...

2.5K

Revolut Steps Up Corporate Payments Offering

Revolut may have made its entrance on the payments stage with a consumer solution, but the company is stepping into the world...

Fintech Investments

Hong Kong SFC, ASIC In Australia Sign Agreement To Collaborate On FinTech

The Hong Kong Securities and Futures Commission (SFC) and ASIC in Australia announced Tuesday (June 13) that they signed a cooperation agreement...

2.6K

Blockchain

Blockchain Tracker: Blockchain’s Possible Impact On The Economy

Blockchain could have an impact on the economy — is Russia leading the way with its current investments? With eCommerce transactions moving at...

1.6K

Amazon Australia In The Works As Amazon Looks For A Warehouse

Amazon, the world’s largest online retailer, is “actively looking” for a warehouse to start operations in Australia. According to Bloomberg, one analyst believes...

2.5K

EU Supplier Payments Worsen, While Australia Launches Voluntary Payment Code

The U.K. isn’t the only market making moves against late suppler payments: both Europe and Australia are turning their attention toward the...

2.7K

WEX Pulls Fleet Cards Online In Australia

WEX Australia has introduced an online platform connected to its Motorpass fuel cards, the company announced Thursday (May 18). The launch of...

2.8K

Mobile Commerce

Turning Digital Meeting Places Into Digital Marketplaces Worldwide

While shopping online is not much of an event for anyone anyplace on Earth at this point, Hyperwallet Managing Director for Asia-Pacific,...

2.0K

Amazon Tracker: May Flowers

It’s been another strong few weeks for Amazon (AMZN) as shares hit an all-time high at the end of April amid a...

5.6K

Australia Tries Its Hand At E-Invoicing

Electronic invoicing within government entities is a proven way to reduce fraud and wasted federal funds. Research shows countries in South America...

2.7K

Cash

Is Cash Dying? Not So Fast

Often when cash is covered, its gradual decline is written off as an obituary. A recent ING study, for instance, concluded that...

2.3K

Amazon Tracker: Doubling Down On Subscriptions

Amazon shares (AMZN) continue to ride high through April, skirting the 900 line with prices fluctuating just above and below, closing out...

5.3K

Data Dive

Data Dive: New Things Edition – Wells Fargo, Amazon And Bitcoin

As always, those keeping up with the mainstream news cycle are likely feeling the normal Monday morning nervousness today — though perhaps given...

4.3K

Apple

Consumer Watchdogs Accuse Apple Of Intentionally Bricking Some Devices

Consumer watchdogs in Australia alleged that Apple has used a software update to disable, or brick, iPhones that had cracked screens repaired...

2.6K

Amex, Xero Break Down Australia’s Late Payments Fight

Australia is in the midst of an aggressive push against late supplier payments. This week, the nation’s Small Business and Family Enterprise...

4.5K

Mars, Kellogg’s Treatment Of Aussie SMEs Likened To ‘Extortion’

Major corporations including Mars and Kellogg’s in Australia have been singled out by the nation’s Small Business and Family Enterprise Ombudsman for...

3.7K

Apple Pay

Apple Wins Collective Bargaining Battle With Australian Banks

The four big Australian banks that were hoping to collectively bargain with Apple over the implementation of Apple Pay will not have...

Amazon Tracker: Delays

After hitting what appears to be an all-time high of $861.74 during Tuesday morning trading last week, Amazon (AMZN) cooled off somewhat...

2.2K

Aussie SMEs Stuck In $20B Late-Payment Debt

Australian SMEs are stuck in more than $20 billion in unpaid bills from their large corporate customers, according to the latest analysis...

2.3K

Aussie Regulators Call Out Banks’ Hypocrisy On SMEs

A new report by the Australian Securities and Investment Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) suggests...

3.3K

SMBs Can Blame Large Firms For Cash Crunch, Says Xero

A new report from SMB accounting company Xero says large companies are causing a cash flow strain on small businesses. The company...