westpac

Aussie Regs Hit Westpac With Record $920M AML Fine

Aussie Regs Hit Westpac With Record $920M AML Fine
Aussie Regs Hit Westpac With Record $920M AML Fine
September 24, 2020  |  AML

Australian banking giant Westpac has agreed to a massive fine of $920 million ($1.3 million in Australian dollars) in a bid to put a money-laundering...

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Westpac Chief Exits Amid Money Laundering Accusations
Westpac Chief Exits Amid Money Laundering Accusations
November 26, 2019  |  Personnel

Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. Get the Full Story Complete...

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Top News In Payments: BB&T, SunTrust Receive Approval For Merger; Wells Fargo Rolls Out RTP Integration
Top News In Payments: BB&T, SunTrust Receive Approval For Merger; Wells Fargo Rolls Out RTP...
November 20, 2019  |  News

In today’s top payments news, SunTrust and BB&T have announced that they have received the regulatory green light to finish their merger to become Truist Financial...

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Westpac Teams With Coupa To Revamp SMBs Spending In Australia
Westpac Teams With Coupa To Revamp SMBs Spending In Australia
August 21, 2019  |  B2B Payments

Australian lender Westpac is partnering with business spend management (BSM) firm Coupa to help companies improve finance management on a cloud-based platform, Westpac said on...

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Major Australian Banks Don’t Want Regulatory Overhaul
Major Australian Banks Don’t Want Regulatory Overhaul
November 12, 2018  |  B2B Payments

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. Get the Full Story Complete the form to unlock...

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Westpac Ends Prospa Collaboration After IPO Postponement
Westpac Ends Prospa Collaboration After IPO Postponement
June 12, 2018  |  B2B Payments

Days after Australian alternative lending platform Prospa delayed its Initial Public Offering (IPO) indefinitely, one of its bank partners, Westpac, announced it was ending its...

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CBA, Westpac, NAB Launch Free Mobile App for Consumers And Small Businesses
CBA, Westpac, NAB Launch Free Mobile App for Consumers And Small Businesses
October 31, 2017  |  Mobile

Commonwealth Bank of Australia, Westpac and National Australia Bank have teamed up to build the next generation of mobile payments and wallets in Australia, starting with...

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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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