Sections
Australia
-
1.9KB2B PaymentsM&A, Open Banking Drive Commercial Card Innovation
As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. This week’s look at the...
-
3.1KCoronavirusUniversities Face Financial Hit If Foreign Students Stay Home
The coronavirus pandemic and its many different ripple effects could point toward one conclusion: In the future, there may be a drastic...
-
2.6KB2B PaymentsChevron Chided For Aussie Early Supplier Payment Program
An early payment scheme by U.S. energy giant Chevron has been derided as opportunistic by Australian suppliers, according to a report by...
-
2.0KPartnerships / AcquisitionsIn Australia, i2c Teams With Archa On SMB Solutions
Global payment and open banking technology company i2c has teamed up with corporate card provider Archa on a corporate credit program aimed...
-
1.9KBuy Now Pay LaterAfterpay Fined By CA Regulator For Unlicensed Loans
Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL)...
-
6.5KAuthenticationCould The Coronavirus Crisis Solve Digital IDs’ ‘Chicken and Egg’ Problem?
When all is said and done, when the pandemic is over, when we emerge on the other side of this, it’s safe...
-
2.6KCoronavirusCoronavirus: Starbucks Moves To Takeout In US, Canada; Europe To Speed COVID-19 Innovation Funding
The coronavirus could have far-reaching effects on coffee shops, retail stores and restaurants. Here are the latest updates on the coronavirus around the world....
-
1.2KB2B PaymentsGovernments Step In To Quell Late Supplier Payments Pain
To provide relief to small suppliers as the coronavirus continues to squeeze supply chains and rock cash flows, U.K. grocery giant Morrisons...
-
1.3KBitcoinBitcoin Daily: Investors Reimbursed For $2M Hacker Losses By IOTA Exec; Australia To Focus On Crypto Holders For Audits; France Wants Testing Ground For EU Security Tokens; ICOBox Fined $16M For Selling Unlicensed Securities
The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk...
-
2.0KConsumer FinanceInDebted Notches $14M To Use Machine Learning In Debt Collection
The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital...
-
3.3KBuy Now Pay LaterHow DSW Is Using POS Financing To Boost Online Spend
Buy now, pay later (BNPL) solutions seem perfect for the occasional luxury buy — but luxury retailers are far from the only...
-
2.5KB2B PaymentsAussie Competition, Finance Regs Collab Against Late Payments
Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by...
-
2.8KInternationalAfterpay Now Has More Customers In US Than Down Under
In its half-yearly financial results, Australian FinTech firm Afterpay Limited reported more customers in the United States than in Australia. The company said it...
-
5.3KB2B PaymentsPayPal Eyes ‘Major Opportunity’ Of Aussie SMB Lending
Payment company PayPal is looking at small business credit as a new field of opportunity. The company is championing a national digital...
-
3.8KB2B PaymentsAussie Tax Office Reminds SMBs To Pay Debt
Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is...
-
3.2KB2B PaymentsJoint Venture Delivers Payments To Singapore
British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its...
-
3.7KBitcoinBitcoin Daily: Token Marketplace Buys Majority Of Australia Football Club; Circle Sells Crypto Investing App
Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity...
-
3.2KInternationalASBFEO Calls For Supply Chain Financing Fairness
A position paper released by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), calls for a fairer approach to...
-
2.6KB2B PaymentsReuters, KPMG Team For Aussie Business Taxes
Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with...
-
3.3KNewsTop News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency
In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal...
-
4.1KPayment MethodsAustralia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and...
-
3.2KSecurity & FraudAustralia’s Toll Suffers Ransomware Attack
Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan...
-
4.5KB2B PaymentsReverse Factoring’s Late Payments Controversy
The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices,...
-
7.8KB2B PaymentsAccounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees...
-
5.7KPayment MethodsCBA Invests $200M In Klarna For Australian Rollout
The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna, the buy now, pay later service...
-
5.3KB2B PaymentsAussie Telecom’s Supply Chain Financing Criticized
Australian telecommunications giant Telstra neglected to tell its smaller suppliers in a timely manner that they would be moved to supply chain...
-
4.3KBitcoinBitcoin 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...
-
3.1KInternationalAmazon 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,...
-
4.6KCryptocurrencyDigital 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...
-
2.4KBitcoinBitcoin 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,...
-
7.7KRetailHow ‘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...
-
5.8KPayments 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...
-
2.4KInternationalAfterpay, 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...
-
2.5KB2B 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...
-
3.1KLoansCA 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...
-
2.9KB2B 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...
-
2.6KB2B 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...
-
2.2KB2B 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...
-
2.6KB2B 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...
-
6.1KMastercardMastercard 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...
-
5.0KB2B 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,...
-
4.0KB2B 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...
-
2.7KPersonnelWestpac 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...
-
4.0KSecurity & 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...
-
2.3KB2B 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...
-
6.5KB2B 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...
-
2.4KB2B 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...
-
5.3KPartnerships / 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...
-
6.1KB2B 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...
-
3.7KB2B 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...
