Sections
Australia
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2.0KB2B PaymentsScottish Construction Trade Association Calls For Action Amid Late Payments
Spotlights continue to be trained on late payments in the United Kingdom, where a construction trade group in Scotland has called for...
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2.3KB2B PaymentsAussie Lawmakers Want Stronger Recourse For SMB Bank Disputes
Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney...
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2.6KGlobal PaymentsENOC Taps Into Mobile Payments, Samsung Pay Comes To Australian Commuters
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the U.A.E.’s ENOC’s launch of a...
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2.1KArtificial IntelligenceAustralian Finance Regs Look To AI For Compliance
Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an...
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2.5KRegulationAustralia Laws Target Social Media Firms with Fines, Prison Over Streaming Content
The government in Australia passed legislation that seeks to stop live streaming of violent acts across social media platforms. As reported last...
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4.3KB2B PaymentsMYOB Preps For Single-Touch Payroll Ahead Of KKR Takeover
Australian small business cloud accounting firm MYOB is moving closer to an acquisition by private equity firm KKR, but in the meantime,...
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3.8KBitcoinBitcoin Daily: Celebs Hit By Bitcoin Scam; Fraudsters Steal $19M From UK Investors
Australian TV presenters Karl Stefanovic and Waleed Aly are the latest celebrities to become victims of common bitcoin scams. According to The...
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3.7KInternationalWorldpay To Open Offices In New Zealand, Australia
U.K.-based payments company Worldpay said it will expand to Australia and New Zealand in an effort to take on more established payments...
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4.9KB2B PaymentsAustralia To Invest $390M In Financial Regulation
Australia is including an additional $390 million in its new budget to boost its financial regulation sector, according to Reuters. Earlier this...
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5.3KBitcoinBitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. “You will...
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4.3KAlternative FinancesKPMG: Australia’s AltFin Sector Worth $1B
KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance...
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3.6KBitcoinBitcoin Daily: Aussies Can Purchase Crypto Via Cash; Bitcoin Struggles To Stay Above $4K
Leading crypto exchange Binance announced the launch of Binance Lite Australia, which allows Aussies to buy bitcoin with cash. The offering is...
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3.7KB2B PaymentsPayments Code Down Under Makes Headway
In Australia, more businesses are signing onto the late payments code that punishes late payers. In the UK, there are calls to...
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3.2KBitcoinBitcoin Daily: France Bans Anonymous Crypto; Australia Cracks Down On Crypto Drug Trafficking
The Finance Committee in France released a report that calls for the ban of certain cryptocurrencies that enable anonymous transactions. “We must...
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3.1KB2B PaymentsAustralia, New Zealand Adopt Framework For eInvoicing
Australia and New Zealand have announced that they are both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing. Australia...
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6.5KB2B PaymentsDefinition Of ‘Small Business’ Left Uncertain Amid Aussie Bank Reforms
Australia’s banking industry continues to address misconduct at the largest of the nation’s institutions, with small business banking at the center of...
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4.1KSecurity & FraudAustralian Gov’t Discloses 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,...
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3.7KB2B 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...
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4.9KB2B 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...
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4.0KBank 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...
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4.3KB2B 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),...
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2.6KBank 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...
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2.6KB2B 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...
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3.0KRegulationJapan, 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...
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3.4KDigital 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,...
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4.3KMobile 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...
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5.2KPayment 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...
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7.8KPayment 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...
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3.8KBitcoinBitcoin 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...
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3.0KB2B 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...
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3.7KB2B 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...
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3.7KB2B 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...
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3.0KRegulationFacebook, 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....
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3.2KB2B 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...
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4.4KB2B 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...
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5.4KB2B 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...
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3.9KB2B 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 &...
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3.3KB2B 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...
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2.6KDigital 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...
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6.7KB2B 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...
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5.2KB2B 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...
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3.5KB2B 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,...
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968Smarter 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...
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3.0KRetailAn 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...
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2.6KB2B 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...
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5.0KEarningsCardtronics 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....
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3.2KB2B 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...
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4.2KB2B 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...
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2.5KBank 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...
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5.5KB2B 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,...
