Banking

Suncorp adds eftpos cash functionality to Apple Pay
May
08

Suncorp adds eftpos cash functionality to Apple Pay

Retail bank Suncorp has followed ANZ in adding eftpos functionality to its Apple Pay offering as the tussle to get to the top of consumers’ digital wallets between local and international payment schemes intensifies.

Banking . FinTech . Payments
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IRESS reaps post-RC benefits
May
07

IRESS reaps post-RC benefits

Financial technology provider IRESS has reported a rise in business opportunities within the wealth sector post-royal commission.

Banking . FinTech
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Apple Pay: Westpac, NAB have no timetable for implementation
May
06

Apple Pay: Westpac, NAB have no timetable for implementation

Westpac and NAB customers will have to wait awhile to use Apple Pay, with both banks unwilling to give any indication when they would provide the digital payment option.

Banking . FinTech . Payments
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Volt bank to build mortgage platform with IRESS
May
03

Volt bank to build mortgage platform with IRESS

Digital bank Volt has revealed a new partnership with veteran fintech vendor IRESS to build its customer-facing mortgage system.

Banking . FinTech . Mortgage
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CBA expands Apple Pay to include business cards
May
03

CBA expands Apple Pay to include business cards

CBA said the inclusion of business card holders is part of its drive to become a simpler, better bank with the latest digital offerings.

Banking . FinTech . Payments
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No more PIN payments as fingerprint-scanning bank cards launch in the UK
Apr
29

No more PIN payments as fingerprint-scanning bank cards launch in the UK

Biometric cards which enable people to verify payments using their fingerprint rather than needing to enter a PIN are now being trialled for the first time.

Banking . FinTech . Payments
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What does NPP mean for businesses and how on earth do they implement it?
Apr
16

What does NPP mean for businesses and how on earth do they implement it?

Since going live on the 13th of February last year, retail banking customers have adopted NPP on mass. In fact, a number of major banks now use the NPP as a default method of transferring funds between Australian accounts. However, so far, progress has been slower for businesses despite some obvious benefits of real-time, data-rich, immediately-resolved payments. And not only that: NPP payments have the potential to be significantly cheaper than credit cards – the only alternative real-time option. We at Moneytech specialise in the automation of domestic payments flows for businesses. From our perspective, it looks like there are two reasons for the slower business adoption rate. The first […]
Banking . FinTech . Payments
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86 400 secures national distribution with Vow Financial, readies home loan offering
Apr
15

86 400 secures national distribution with Vow Financial, readies home loan offering

86 400, a genuine alternative to Australia’s Big Four banks, has secured national distribution with Vow Financial, one of the largest aggregators in Australia – part of the Yellow Brick Road Group. The partnership will enable 86 400 to deliver home loans via Vow Financial’s network of over 1,200 brokers. This development brings 86 400 closer to launching its home loan offering, pending a full banking licence from the Australian Prudential Regulation Authority (APRA). Robert Bell, CEO of 86 400: “We didn’t set out to create a standard home loan product — we are building an entirely new approach to the home loan process that will make life easier for […]
Banking . FinTech . Mortgage
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