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A2A
Account-to-Account
Chemist Warehouse and others roll out A2A QR payments with ShopBack and NAB-backed Banked – again!
With much fanfare and razzle-dazzle, Chemist Warehouse has again announced the rollout of its long-awaited A2A QR code option for the third time, powered by ShopBack, and NAB-backed UK fintech, Banked (which recently bought Waave).
Carsales revs up $30m in sales with real time Monoova
It has taken a while but there appears to be positive momentum towards real time payments in online car sales to address very real customer pain points like having to carry large amounts of cash, or face annoying delays with traditional bank transfers.
Pyng makes a ripple, but the Waave seems a long way off
Despite all the hype only one Australian Fintech - Pyng - appears to be making small inroads into real time point of sale (POS) retail payments in the Australian market, but it has a very long way to go to challenge the dominant card schemes.
IPF urges immediate action to protect critical payments following damning BECS migration assessment
The payments industry must take immediate steps to protect and regulate fees on critical payments like wages, superannuation, health, welfare and pensions that are being migrated from the aging Bulk Electronic Clearing System (BECS), according to a new report by Independent Payments Forum Australia (IPF).
Christian Westerlind Wigstrom - the new kid in town on the AusPayNet Board
In a turbulent time for payments, Christian Westerlind Wigstrom, Co-founder and CEO of Monoova, has been appointed as alternate Director to the Australian Payments Network (AusPayNet), the self-regulatory body for Australia's payments industry.
RBA risk assessment slams insufficient industry coordination in BECS closure
The Reserve Bank of Australia (RBA) today slammed the payments industry for lack of coordination over its proposed decommissioning of the 30-year-old Bulk Electronic Clearing System (BECS) which looks after critical account to account payments such as pensions, welfare, superannuation, payroll and bills.
