Technology news for Australian CFOs and financial decision-makers
Mobile payments stories
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Payments firm Instarem refreshes brand to support new growth phase
Customers can expect a new and improved experience, which is reflected in the brand’s modern look and feel.
Australia’s eftpos launches with Samsung Pay
eftpos has announced that eftpos payments via Samsung Pay are now live for millions of CBA multi-network cardholders.
Consumers can now pay with eftpos via Samsung phones
Heritage Bank is the first issuer to launch the solution, which allows Samsung Pay users to make debit card payments via eftpos or the Visa network.
1.75 billion mobile users to adopt mobile POS payments by 2024
The dropping price of Point of Sale terminal devices will spur adoption globally.
The rise of contactless card payments in the time of the COVID-19 pandemic
Australia is witnessing a sharp spike in the number of contactless payments during the COVID-19 pandemic, with the government advising consumers to avoid contact with POS terminals.
Kiwis 'considerably' more likely to use biometric payments than Australians
The report finds 64% of New Zealanders are familiar with biometrics and 68% have used fingerprint recognition.
AU Fintechs vs banks: A knife edge in the cashless economy
“It’s much easier for the banks to invest in innovation, than for fintech startups to convince consumers they can keep their money and data safe. It’s really the banks’ game to lose.”
MAS cybersecurity chief positions trust as critical to success of e-payments
The Monetary Authority of Singapore’s chief cybersecurity officer says the nation must put significant effort into making e-payments trustworthy.
Apple or Android? Smartphone sales surge 11% in AU
9.2m smartphones were sold in 2017, a big increase from last year that was largely driven by a 'replacement cycle' from one of the major OS.
Two million ANZ consumers now have access to future of payment
Gone are the days of bank cards and cash transactions as more consumers turn to mobile.
Tap & go: Mastercard deploys contactless payments on Sydney ferries
“Australians are continuously embracing digital payment technology, with 82% using tap-and-go to make payments every week."
Shopgate enters Aussie e-commerce market alongside Amazon
“It’s become more important that retailers have the right tools and strategies in place to retain customers on mobile devices.”
BNZ & posBoss create payment solution to mobilise hospitality industry
"We love embracing technology because it suits our business and it works great – ultimately we are looking to go completely mobile in-store."
Sick of machines swallowing your cards? ANZ introduces PayWave to its ATMs
PayWave is now available on all ANZ ATMs starting from today, eliminating the risk of machines getting too hungry and swallowing your cards.
Xero and Apple Pay unite for easier payments
"Mobile payments are the way of the future," says Xero CTO Craig Walker.
NetSuite & Paycorp team to provide better payment processing solutions for merchants
Paycorp is coming on board NetSuite's SuitePayment program, which means New Zealand and Australian merchants now have more payment processing options.
Aussie businesses & consumers at odds about mobile payment tech
Australian businesses aren't matching customer expectations when it comes to mobile transactions, a new study from PayPal Australia has found.
BP's new mobile wallet app means helps you pay for fuel - and stay in your car
BP's new app means you can stay in your car to pay for fuel.. although you may still need to work the pump and grab that coffee the old-fashioned way.
Mobile payments skyrocketing
Mobile payments are proving to be a success, with forecasts predicting transactions from online, mobile & contactless payments to reach $3.6 trillion.
Mobile payments get easier with new Visa product
Visa lauches digital swipe product enabling shoppers to complete online purchases by sliding a virtual image of their credit, debit or prepaid card.
Mobile payments market will undergo huge transformation in next five years
“The market for P2P mobile money transfers will be shaped by a new wave of players that will drive innovation and disruption going forward."
Mobile proximity payment users to surpass 1 billion
The analyst firm says the while they are the smallest, mobile proximity payments are the fastest growing segment in the market.
Kiwis ditch cash, embrace digital payments
“New Zealanders are early adopters of technology and are increasingly seeking fast, convenient and secure ways to pay."
Is Apple saving mobile payments?
"Apple Pay saw the return of Google Wallet; it will lead to rapid growth in the technology that had stalled for more than a decade."