Australia

Australia Officially Bans Excessive Credit Surcharges
Australia Officially Bans Excessive Credit Surcharges
September 01, 2017  |  Regulation

Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card surcharge that is...

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Dubai’s Shedul Is Giving Beauty A Digital Makeover
Dubai’s Shedul Is Giving Beauty A Digital Makeover
August 28, 2017  |  Retail

“We did some research and found out that the majority of businesses in the beauty industry operate offline, without any software at all. A full 52 percent...

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New York State Of (Cybersecurity) Mind
New York State Of (Cybersecurity) Mind
August 28, 2017  |  Regulation

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

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Australia Blames eCommerce, Bitcoin For Uptick In Organized Crime
Australia Blames eCommerce, Bitcoin For Uptick In Organized Crime
August 25, 2017  |  Security & Fraud

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

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Aussie SMB Ombudsman Says Bank Compliance ‘Like Pulling Teeth’
Aussie SMB Ombudsman Says Bank Compliance ‘Like Pulling Teeth’
August 23, 2017  |  B2B Payments

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

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Australia Moves To Reform Digital Currency Laws
Australia Moves To Reform Digital Currency Laws
August 21, 2017  |  Digital Payments

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

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Down Under, Cash Remains Steady
Down Under, Cash Remains Steady
August 21, 2017  |  Cash

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

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NEW REPORT: In Australia, Is Cash On The Barbie?
NEW REPORT: In Australia, Is Cash On The Barbie?
August 18, 2017  |  Cash

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 cash with contactless...

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Australia Eyes New Currency Regs That Could Crack Down On Bitcoin
Australia Eyes New Currency Regs That Could Crack Down On Bitcoin
August 17, 2017  |  International

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

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