Payments News

On The Web

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Global

Australia Considering New Laws for Apple, Google, WeChat Digital Wallets

“The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s Google (GOOGL.O) . Treasurer Josh Frydenberg said he would “carefully consider” that and other recommendations from a government-commissioned report into whether the payments system had kept pace with advances in […]
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Global

Eftpos Makes AU$30m Commitment to Upping Security for Online Payments | ZDNet

“Australian payments provider Eftpos has announced plans to spend another AU$30 million on digital upgrades to its network over the next year, including new security features. The AU$30 million adds to the AU$70 million Eftpos has already spent on its network over the last four years. The new security features are expected to be available […]
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Global

Eftpos QR Code Payments Tech Is Ready for Action | ZDNet

“Australian payments player Eftpos has announced completing the build of its new QR code payments infrastructure. The first stage of the QR infrastructure was built in early July, CEO Stephen Benton said, and is described as being designed to provide secure and enhanced consumer purchasing and engagement experiences through loyalty, offers, receipts, and added security. […]
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Companies

PayPal Taps Into the NPP for Instant Transfers to Bank Accounts

“PayPal has introduced a new feature enabling transfers from PayPal balance to domestic bank accounts and Visa debit cards within one minute. The feature uses the New Payment Platform (NPP) through PayPal’s partnership with the National Australia Bank (NAB) and Visa’s real-time payments platform, Visa Direct. It is available for transfers as low as $2 with […]
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Deals

Australian Fintech Firm Mx51 Raises $25 Million

“Australia’s fintech startup, mx51 announced that the company has secured $25 million in the Series A funding round to accelerate its expansion. According to an official announcement , the recent funding round was led by Acorn Capital, Artesian, Commencer Capital and Mastercard . In addition, the company is planning to introduce new features to compete […]

On The Wires

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Global

Cuscal Leverages BHMI’s Concourse to Support NPP Australia’s PayTo Initiative

“BHMI , a leading provider of payments software and creator of the Concourse Financial Software Suite® , announced that Cuscal Limited , Australia’s leading independent provider of payment solutions, will be utilizing BHMI’s Concourse solution to support the needs and requirements for Australia’s New Payments Platform (NPP) upcoming PayTo initiative, which provides customers with enhanced […]