News

BNPL: What’s the Catch? Posted on: 18-10-2019

BNPL: What’s the Catch?

Retailers and online marketplaces are taking all the opportunity to partner up with BNPL, a popular payment platform for shoppers.

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Visa’s CyberSource Teams With Sezzle On Installment Payments Posted on: 17-10-2019

Visa’s CyberSource Teams With Sezzle On Installment Payments

Visa’s CyberSource payment management platform and installment payment solution company Sezzle partnered to offer consumers interest-free “buy now, pay later” options on purchases.

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How far are we from a cashless society? Posted on: 16-10-2019

How far are we from a cashless society?

More digital payment applications and services are introduced and used by both consumers and businesses, a clear sign that Australia is rapidly moving towards a cashless, cardless society.

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Latitude Financial brokers make 'digital pitch Posted on: 11-10-2019

Latitude Financial brokers make 'digital pitch

Latitude Financial Services, credit cards and consumer finance company, has kicked off marketing for its run at the ASX-boards, with sponsor brokers sending detailed "investor education" reports to fund managers.

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Queensland boosting income from China with Alipay partnership Posted on: 10-10-2019

Queensland boosting income from China with Alipay partnership

The world’s largest online payment platform Alipay, help boost Queensland’s inbound tourism industry.

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From smart carts to computer vision, checkout innovations are multiplying Posted on: 09-10-2019

From smart carts to computer vision, checkout innovations are multiplying

Established technologies like self-checkout and scan-and-go are stepping up their game as tech firms race to bring the Amazon Go experience to supermarkets.

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Online spending on digital, physical goods forecast to pass US$6 trillion by 2024 Posted on: 03-10-2019

Online spending on digital, physical goods forecast to pass US$6 trillion by 2024

According to a recent Juniper Research report, a growth of 53% from 2019, from the total global transaction value of online payments for digital and physical goods will exceed US$6 trillion by 2024.

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‘By retailers, for retailers’: New Zealand buy-now-pay-later platform Laybuy launches Down Under Posted on: 01-10-2019

‘By retailers, for retailers’: New Zealand buy-now-pay-later platform Laybuy launches Down Under

Laybuy promised Afterpay a run for its money by offering Aussie retailers access to 500,000 Kiwi shoppers, after its official launch in the Australian market.

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Square Terminal Launched in Australia to Exploit Opportunities in Digital Payment Space Posted on: 27-09-2019

Square Terminal Launched in Australia to Exploit Opportunities in Digital Payment Space

Square, has launched Square Terminal in line with the expansion of its portfolio of hardware services in Australia.

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Twitter's Jack Dorsey Squares up against Aussie banks with new eftpos terminal Posted on: 25-09-2019

Twitter's Jack Dorsey Squares up against Aussie banks with new eftpos terminal

“New hardware, no merchant service fees, flat $439 price, 1.6 percent clip.”

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Fahour enters the buy now, pay later fray Posted on: 17-09-2019

Fahour enters the buy now, pay later fray

Latitude Financial launched its buy now, pay later (BNPL) product with a long time merchant partner, Harvey Norman.

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Are Retailer Apps the Shortcut to Sales? Posted on: 13-09-2019

Are Retailer Apps the Shortcut to Sales?

Today, it’s no longer about one type of retail channel or physical store, but more about retailer apps. Do you think this is worth the investment, or not?

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Poor shopping experiences costing Australian retailers $71bn in abandoned sales Posted on: 12-09-2019

Poor shopping experiences costing Australian retailers $71bn in abandoned sales

According to new data from 451 Research commissioned by Adyen, negative shopping experiences are costing the Australian retail sector $71B in abandoned sales each year.

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How Retailers Tap Into Automation For Checkout, Fulfillment Posted on: 10-09-2019

How Retailers Tap Into Automation For Checkout, Fulfillment

Automated retail is changing how consumers shop for groceries and how supermarkets fill their eCommerce orders, thanks to technology for the cashierless checkout and robotic-powered order fulfillment.

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MYOB scores Bunnings exclusive, launches rewards program Posted on: 06-09-2019

MYOB scores Bunnings exclusive, launches rewards program

To simplify bill processing for their mutual customers, plus a rewards program for the MYOB PayBy payments service, accounting software provider MYOB has announced a deal with Bunnings.

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Westpac Teams With Coupa To Revamp SMBs Spending In Australia Posted on: 04-09-2019

Westpac Teams With Coupa To Revamp SMBs Spending In Australia

Australian lender Westpac announced its partnership with business spend management (BSM) firm Coupa to help companies improve finance management on a cloud-based platform.

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The battle for retail is not between the online players Posted on: 02-09-2019

The battle for retail is not between the online players

When Amazon announced their entry in Australia last 2017, the company promised "low prices, vast selection, and fast delivery".

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Peak industry associations join forces in bank take down Posted on: 30-08-2019

Peak industry associations join forces in bank take down

Five of Australia’s leading retail industry associations have called on banks to be more proactive in educating their business customers on least-cost routing and making it easier to access the huge savings to be achieved by it.

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All Under One Roof: The Benefits of the Payment Facilitation Model Posted on: 30-08-2019

All Under One Roof: The Benefits of the Payment Facilitation Model

Having a secure way to accept payments is a necessity for any online business. The first is to open a merchant account with a bank and the second is to use the payment facilitator model (PayFac).

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'Mystified': Tap-and-go fees still causing confusion Posted on: 29-08-2019

'Mystified': Tap-and-go fees still causing confusion

According to retail groups, small businesses aren’t aware of new fee options to lower the cost for tap-and-go payments because the banks tend to offer these on an opt-in basis.

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Cashless and Cardless: How will it affect businesses? Posted on: 28-08-2019

Cashless and Cardless: How will it affect businesses?

Welcome to a new cashless and cardless world of smartphone payments with biometric authentication.

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Voice shopping, mobile payment app earn retailers ‘innovator’ status Posted on: 26-08-2019

Voice shopping, mobile payment app earn retailers ‘innovator’ status

AFR BOSS magazine, released its list of the most innovative companies in Australia last week wherein Caltex was amongst the recognised as leading innovators in the retail, hospitality, tourism and entertainment sector.

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What do Aussie Shoppers Really Want? Q&A with PayPal Posted on: 21-08-2019

What do Aussie Shoppers Really Want? Q&A with PayPal

In a recent research conducted by Paypal, it showed that 68 per cent of Aussie shoppers are multichannel shoppers.

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Harnessing the full potential of online marketplaces Posted on: 19-08-2019

Harnessing the full potential of online marketplaces

Last April 2017, Amazon confirmed that it will launched its Retail and Marketplace in Australia focused on low prices, vast selection, and fast delivery.

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CBA Take On Afterpay With Swedish Giant ‘Klarna’ Posted on: 16-08-2019

CBA Take On Afterpay With Swedish Giant ‘Klarna’

Intending to overtake Afterpay and others in the burgeoning deferred payment sector, the Commonwealth Bank of Australia has made a US$100 million investment in a Swedish buy now, pay later platform ‘Klarna’.

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Retailers launch joint attack on banks over gouging on contactless and mobile payments Posted on: 15-08-2019

Retailers launch joint attack on banks over gouging on contactless and mobile payments

The Australian retail sector is demanding the enforcement of cheaper routing by default.

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Is Australia following the footsteps of Sweden in becoming the next cashless country of the world? Posted on: 14-08-2019

Is Australia following the footsteps of Sweden in becoming the next cashless country of the world?

It can be observed that there’s a decrease in cash payments in Australia today.

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“We had a really great response”: Bunnings expands click and collect Posted on: 09-08-2019

“We had a really great response”: Bunnings expands click and collect

Bunnings will officially launch the click and collect in Victoria with a pop-up ‘virtual store’ in Melbourne’s Federation Square and free snags for visitors from 7am to 6pm.

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Afterpay Says Quick Wins with Millennials are Easier than You Might Think Posted on: 08-08-2019

Afterpay Says Quick Wins with Millennials are Easier than You Might Think

Afterpay, positions its services as a way to deliver a frictionless transaction experience thus enabling brands to put their best foot forward in what will ideally be a long, loyal relationship.

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Visa acquires POS payment gateway Payworks Posted on: 02-08-2019

Visa acquires POS payment gateway Payworks

After acquiring Payworks, Visa will create a fully white-labelled omnichannel payment management platform for merchants and acquirers.

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