Australia

Commonwealth Bank Of Australia Faces Record Fines

Commonwealth Bank Of Australia Faces Record Fines
Commonwealth Bank Of Australia Faces Record Fines
June 04, 2018  |  Banking

The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing to an end...

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Five at Five: Walmart’s College Plan
Five at Five: Walmart’s College Plan
May 31, 2018  |  News

Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories range from Walmart’s promotion of...

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Amazon To Block Australian Shoppers From US Site
Amazon To Block Australian Shoppers From US Site
May 31, 2018  |  Amazon

In a move that will send traffic to its Australian website, Amazon said it will make Australians use its Australia site instead of its larger...

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Australia’s Big Four Banks Admit SMB Lending Misconduct
Australia’s Big Four Banks Admit SMB Lending Misconduct
May 22, 2018  |  B2B Payments

All four of Australia’s Big Four lenders — Westpac, Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia Bank — admitted...

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Microsoft Forms Cloud Accounting Startup To Rival Xero
Microsoft Forms Cloud Accounting Startup To Rival Xero
May 15, 2018  |  B2B Payments

Microsoft is collaborating with Commonwealth Bank of Australia (CBA) and KPMG to form a new cloud accounting startup, Financial Review reported. Get the Full Story Complete the...

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Australia To Cut Corporate Watchdog Funding
Australia To Cut Corporate Watchdog Funding
May 11, 2018  |  B2B Payments

The Australian government is planning to cut funding for its corporate watchdog, despite the regulator warning that a lack of resources has already limited its...

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Commonwealth Bank Of Australia Admits 2016 Customer Data Loss
Commonwealth Bank Of Australia Admits 2016 Customer Data Loss
May 02, 2018  |  Cybersecurity

Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that contain personal details...

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Employers Approaching Deadline For Australia’s Payroll Overhaul
Employers Approaching Deadline For Australia’s Payroll Overhaul
May 01, 2018  |  B2B Payments

Australia’s new regulations for payroll will apply to all businesses with at least 20 employees, and experts are urging employers to quickly take a headcount...

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