With the launch of a new Xero and NAB digital payments, small businesses can now spend less time on admin tasks.

Australian businesses that uses Xero platform with NAB internet banking can utilise a more automated process that sends payment instructions seamlessly through Xero and be able to approve their bill payments anytime anywhere, directly in the NAB mobile app. This new integrated system eliminates the time consuming and disjointed process of downloading ABA files and uploading them separately to the bank, or manually checking the status of payments.

Ian Boyd, Financial Industry Director, Xero Australia said, “Xero NAB Payments helps business owners to manage their money more efficiently with real-time, connected, and accurate information. Together with NAB, we’ve designed this solution so that small businesses can pay bills securely and seamlessly, spending less time on admin and more time on what’s important to them, growing their business or spending time with family. They can do this knowing that their bills have been taken care of and suppliers have been paid.”

Andy Kerr, NAB Executive General Manager Business Customer Solutions, said: “We’ve formed a strong relationship with Xero to deliver a number of initiatives that help free-up business owners to spend time with their customers and running their business.Our aim is to make life simpler and easier for our customers and this integration with Xero significantly streamlines the payments experience, whilst keeping approvals safe and secure via the NAB mobile app.”

Source: Finextra


Least-Cost Routing Explained

Download the PDF and receive a free annual membership offer

Find Out More

PAX Technology prepares for AU rollout of Android payment terminals Posted on: 23-12-2019

PAX Technology prepares for AU rollout of Android payment terminals

PAX Technology will launch its Android products into the Australian market next year, after the completion of its domestic compliance and software requirements.

Read More

Aussies really love to tap and pay, and we’ve all but abandoned cheques Posted on: 21-12-2019

Aussies really love to tap and pay, and we’ve all but abandoned cheques

As we embrace new technologies, cheques are likely to become obsolete.

Read More

Harnessing the Power of Payments This Festive Season Posted on: 18-12-2019

Harnessing the Power of Payments This Festive Season

For retailers, it is a big challenge to survive the festive season from 11.11 to Boxing day sales and beyond unscathed.

Read More

Australian retailers Association announces new partnership with Alibaba Group Posted on: 14-12-2019

Australian retailers Association announces new partnership with Alibaba Group

Russell Zimmerman, announced a new partnership between the ARA and the Alibaba Group, and welcomed the opportunity for deeper cooperation.

Read More

Preference vs experience: How do your customers really want to pay? Posted on: 12-12-2019

Preference vs experience: How do your customers really want to pay?

Do you know your customer’s preferred payment process? Are you delivering the seamless payment experience like most of your competitor does?

Read More

How to use payment solutions to increase consumer loyalty Posted on: 11-12-2019

How to use payment solutions to increase consumer loyalty

The managing director of Openpay, Andy Harding, explained how transparent payment solutions can increase consumer trust and loyalty, and increase responsible spending.

Read More