News

Australia Post Latest to Embrace Digital Payment at Checkout Posted on: 12-10-2018

Australia Post Latest to Embrace Digital Payment at Checkout

Australia Post is acquiring new advanced Point of Sale (POS) systems across 3,600 post offices, which will allow customers to pay using their wearable and mobile devices and provide better accessibility for those with vision and hearing impairments.

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ANZ Rolls Out Google Pay Wallet Posted on: 10-10-2018

ANZ Rolls Out Google Pay Wallet

Another great news to all ANZ New Zealand personal Visa debit or credit card customers can make contactless payments with compatible Android smartphones using Google Pay.

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GoCardless opens Melbourne office Posted on: 08-10-2018

GoCardless opens Melbourne office

Technological advancement in the payment system in Australia aims to offer local businesses a better way to collect recurring payments. According to Hiroki Takeuchi, founder and CEO of GoCardless, Australia is an important market for the company.

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Australian Prime Minister: Blockchain is “Going to Transform Australian Banking System” Posted on: 05-10-2018

Australian Prime Minister: Blockchain is “Going to Transform Australian Banking System”

Australia’s newly appointed prime minister, Scott John Morrison, has done a lot of research on cryptocurrencies and noted the potential benefits of blockchain technology in improving Australia’s Consumer Data Rights domain.

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Mobile payments are booming in Australia as customers ditch cards and cash Posted on: 03-10-2018

Mobile payments are booming in Australia as customers ditch cards and cash

Digital payments in Australia are on the rise. eWallet’ is changing the way Australians are spending money across the country. In recent times, the popularity of cardless mobile payments has increased reaching 16.8 million for the first half of this year.

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Australian first: Launch of voice-activated banking with ‘Siri for Westpac’ Posted on: 02-10-2018

Australian first: Launch of voice-activated banking with ‘Siri for Westpac’

Good news to all Iphone users! Customers can now ask Siri to make payments to any payee that is set up in their Westpac mobile app or ask to do some online banking from their Westpac transaction account.

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Australians Can Now Pay Utility Bills With Bitcoin (BTC) Posted on: 28-09-2018

Australians Can Now Pay Utility Bills With Bitcoin (BTC)

Something new for Australian crypto users, there’s now a way they can use their cryptocurrency to pay their utility bills. Cointree in partnership Gobbill made it possible to provide an automated solution for automated billing via crypto. Read on!

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Alesia: The World’s First PR Agency to Accept SolarCoins as Payment for Its services Posted on: 26-09-2018

Alesia: The World’s First PR Agency to Accept SolarCoins as Payment for Its services

Alesia Communications is now accepting payments in SolarCoins! Alesia Communications has over ten years of experience in the international renewable energy industry very cost-efficient and high-performance service on a global basis.

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Global Digital Commerce Sales To Near $6 Trillion By 2022 Posted on: 24-09-2018

Global Digital Commerce Sales To Near $6 Trillion By 2022

Based on the Global Unified Commerce Forecast, digital commerce transaction will grow globally at more than 20% CAGR through 2022, reaching $5.8 trillion. Consumers have moved past the traditional cash-based transaction turning to online payment channels.

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How to Digitally Transform the Australian Retail Experience Posted on: 10-09-2018

How to Digitally Transform the Australian Retail Experience

Consumers are favoring physical retail stores that provide a faster in-store retail experience, complemented by customer-service enhancing technologies.

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Tyro first Australian bank to integrate with Alipay Posted on: 05-09-2018

Tyro first Australian bank to integrate with Alipay

Reinforcing its strategy to accept all payment types in response to merchant needs, Tyro has entered an agreement to become the first Australian bank to offer a seamless, all-in-one EFTPOS solution integrated with Alipay.

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The Social Outfit is on the Move! Posted on: 31-08-2018

The Social Outfit is on the Move!

The Social Outfit is a fashion label with a difference and needs our support to keep providing valuable employment and training opportunities to people from refugee and new migrant communities.

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What is Dynamic Currency Conversion? Posted on: 30-08-2018

What is Dynamic Currency Conversion?

Dynamic Currency Conversion (DCC) is one of the very few ways that a merchant can generate an income from their customer payments. It is not for everyone, but every merchant should consider whether or not it is suitable for them.

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Online Fundraising: How NFPs can Raise Money with Digital Payments Posted on: 29-08-2018

Online Fundraising: How NFPs can Raise Money with Digital Payments

When it comes to charitable donations, nearly 60% of Australians donate on the spur of the moment, the Australian Government’s Giving Australia 2016 report found.

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What a Barista Can Teach You About Payments Posted on: 28-08-2018

What a Barista Can Teach You About Payments

What can a barista teach you about payments? Quite a lot it turns out. This is the first of a series of articles where we interview baristas and café owners to get a merchant perspective on payments.

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Industry Framework to Prevent Card-not-Present Fraud Posted on: 24-08-2018

Industry Framework to Prevent Card-not-Present Fraud

The release of Australian Payments Network’s (AusPayNet) card fraud data for 2017 shows card-not-present (CNP) fraud accounted for 85% of all fraud on Australian cards.

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ATO says Australian Consumers Distrust 'Cash-Only' Businesses Posted on: 23-08-2018

ATO says Australian Consumers Distrust 'Cash-Only' Businesses

Australia has one of the highest utilisation rates of tap-and-go payments. Despite this, over 40% of cash-only small business owners have never investigated electronic payment systems before.

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China’s Alibaba and New Retail Posted on: 22-08-2018

China’s Alibaba and New Retail

In China, 20% of all retail sales are online while in Australia it’s just 7%. This means there are lots of opportunity for growth, and Australia is now the firm’s third largest overseas market.

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Businesses Stand to Lose Customers from Payment Friction at Check-out Posted on: 20-08-2018

Businesses Stand to Lose Customers from Payment Friction at Check-out

According to a study by Payments Canada, 53% of Canadians who experience friction at the end of the path to purchase in store and online abandon a purchase.

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Australian Regulator ‘Unlikely’ To Embrace Interchange Fee Ban Posted on: 16-08-2018

Australian Regulator ‘Unlikely’ To Embrace Interchange Fee Ban

The Reserve Bank of Australia (RBA) is said to be “hesitant” to lower interchange fees to zero, after the government received recommendations to ban the charge by the end of next year.

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McDonalds Streamlines Orders with Contactless Payments Posted on: 15-08-2018

McDonalds Streamlines Orders with Contactless Payments

“McDonald's Australia has saved 6-9 seconds on transaction times with contactless payments,” says Dane Sharp, Digital Experience Manager and Product Marketer for McDonald's Australia.

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Key Recommendations of the Productivity Commission Final Report into Competition in the Financial System Posted on: 14-08-2018

Key Recommendations of the Productivity Commission Final Report into Competition in the Financial System

Australia’s Treasurer released the long anticipated Productivity Commission Final Report into Competition in the Financial System. This report builds on David Murray’s Financial System Inquiry (FSI) and Wallis Inquiry.

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Interchange Reform: Are We Falling Down a Rabbit Hole? Posted on: 08-08-2018

Interchange Reform: Are We Falling Down a Rabbit Hole?

The Productivity Commission (PC) has released their final conclusions and there are a range of findings affecting the payments system in particular interchange reform. Are we falling down a rabbit hole?

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In Payments, Nothing Lasts Forever Posted on: 07-08-2018

In Payments, Nothing Lasts Forever

Credit cards were never mean to last forever, according to Visa’s Ryan J. McDonald. It’s an important thing to consider as contactless payments begin to dominate the sector and fuel increasing discussion of the card’s demise.

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What is Interchange and Why Does it Matter? Posted on: 01-08-2018

What is Interchange and Why Does it Matter?

Even if you have never heard the term ‘interchange’ this article is for you as we look at what it is, why it exists and whether it matters to merchants who accept scheme-branded (Visa, Mastercard and eftpos) payment cards either online, in-store or both.

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Digital Transformation of SMBs: The Future of Commerce Posted on: 30-07-2018

Digital Transformation of SMBs: The Future of Commerce

According to Visa, commerce is going through a digital transformation, and it is happening fast!

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Payments Consulting Network Selected as One of Westpac’s 2018 Businesses of Tomorrow Posted on: 25-07-2018

Payments Consulting Network Selected as One of Westpac’s 2018 Businesses of Tomorrow

Payments Consulting Network – which runs Merchant Pricing Hub – has been selected as one of Westpac’s 2018 Businesses of Tomorrow.

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Boost Your Business's Online Credibility Posted on: 20-07-2018

Boost Your Business's Online Credibility

Based on Shopping Insights study by Google, 87% of shopping research happens online, yet 92% of goods are still purchased in-store. This is why it is vital to boost your company’s online credibility.

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Square is Partnering with BoQ to Help More Small Businesses Get Started Posted on: 19-07-2018

Square is Partnering with BoQ to Help More Small Businesses Get Started

New Bank of Queensland small business customers who sign up for business banking services will now receive a free Square reader with free payments processing for their first $1000 of sales.

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Just Make a Fist to Pay for Your Groceries and Coffee Posted on: 18-07-2018

Just Make a Fist to Pay for Your Groceries and Coffee

Bankwest's Halo ring for making payments has been a huge hit. “The ring lets customers pay from conventional accounts by making a fist and ‘punching’ the payment terminal,” says Bankwest chief technology officer Sean Langton.

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