News

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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How Can Merchants Boost Sales…Securely? Posted on: 13-07-2018

How Can Merchants Boost Sales…Securely?

Merchant Pricing Hub spoke to IntegraPay’s CTO Tony Braden about the ways merchants can protect themselves while maximising online sales.

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NAB Merchants STIPed Posted on: 11-07-2018

NAB Merchants STIPed

At about 8am AEST on Saturday 26 May 2018, NAB’s card accepting devices – merchant terminals and ATMs – went offline. STIP, saved a number of NAB merchants from lost business during the four hour outage.

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Picture this: Instagram Payments Posted on: 05-07-2018

Picture this: Instagram Payments

In the near future, direct payments will be possible via the image sharing service Instagram. How well developed is this feature and what does it mean for merchants?

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Why Startups Need to Make Payments Experience a Priority Posted on: 04-07-2018

Why Startups Need to Make Payments Experience a Priority

Retail experienced the largest year to year growth and eCommerce represented 13% of total retail sales. That trend is only expected to grow. And if you’re a startup, it’s absolutely vital your payment experience is user-friendly.

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The Shift to a Digital Economy in Australia is Accelerating Posted on: 03-07-2018

The Shift to a Digital Economy in Australia is Accelerating

Australian Payments Network's The Digital Economy milestones report reveals the shift to a digital economy in Australia is accelerating.

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What if the Whole Internet was an eCommerce Site? Posted on: 02-07-2018

What if the Whole Internet was an eCommerce Site?

Braintree released a new suite of tools that enable ‘contextual commerce’, where shoppers can buy a product online from a brand or retailer without needing to go to their specific website.

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Alipay Reaches 10,000 Merchants in Australia and NZ Posted on: 29-06-2018

Alipay Reaches 10,000 Merchants in Australia and NZ

Alipay has just achieved a significant milestone locally, with more than 10,000 merchants in Australia and New Zealand now accepting the payment method.

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80% of Australians Prefer Digital Payment Methods Posted on: 27-06-2018

80% of Australians Prefer Digital Payment Methods

One in five Australians prefer to use cash when making purchases and the majority of the country’s population is turning to digital payments - based on a new report from Colmar Brunton, commissioned by the Australian Taxation Office (ATO).

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Australians Embrace Card Payments at Unattended Terminals according to TNS Report Posted on: 22-06-2018

Australians Embrace Card Payments at Unattended Terminals according to TNS Report

Based on a TNS survey, 77% of Australian consumers want unattended kiosks or vending machines to accept both card and cash payments and a significant number are willing to use wearable devices (41%) or digital wallets (47%) at these locations.

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Australian Fintech Afterpay Touch Debuted in the US with 50 Retailers Posted on: 21-06-2018

Australian Fintech Afterpay Touch Debuted in the US with 50 Retailers

Afterpay debuted in the US recently with 50 retailers which are in varying stages of integration. It was set to commence in the US as an online only platform with an intention to introduce in-store capability in due course.

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6 Reasons to Use Multiple Payment Service Providers Posted on: 20-06-2018

6 Reasons to Use Multiple Payment Service Providers

Many merchants choose a single Payment Service Provider and then find themselves at a disadvantage if they can’t dynamically keep up with changing customer preferences. This is one of the many compelling reasons to work with more than one PSP.

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The Ease of Digital Payments is Helping Lift Donations to Charities Posted on: 18-06-2018

The Ease of Digital Payments is Helping Lift Donations to Charities

World Vision Australia now offers contactless payment experiences.The charity has found that since taking the majority of transactions online, there has been an uplift in business and community impact.

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