Gobbill and AAT sign collaboration agreement to provide automation and fraud checking technology to bookkeepers and their clients
Bill payment automation company Gobbill today announced that it has signed a collaboration agreement with the Association of Accounting Technicians (AAT) Australia. Gobbill and the AAT will work together to help support bookkeepers and accounting technicians with cutting edge technology. “The spike in online fraud combined with the convenience of new automation technologies are the two key factors why many people need Gobbill,” said Shendon Ewans, CEO and co-founder of Gobbill. “Our collaboration with the AAT spans many initiatives but crucially bring awareness to the Australian industry of what is occurring and how they can address some of the issues.” According to ACCC’s ScamWatch, false billing alone has increased by […]
CBA to turn on Apple Pay in January
Commonwealth Bank of Australia will share a slice of its transaction revenue with the world’s largest company, Apple, after relenting to customer demand and agreeing to turn on Apple Pay in January, a move which indicates the technology giant has the upper hand in the battle to control smartphone digital wallets. More than two-and-a-half years after rival ANZ Banking Group made Apple Pay available, CBA’s move will put pressure on National Australia Bank and Westpac Banking Corp, who continue to prevent their iPhone-carrying customers from using them or their Apple watches to make tap-and-go payments. After sustaining a year of intense pressure at the banking royal commission, CBA’s group executive […]
Up launches conversational payments
Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson Parker, says many Australians will not have experienced this approach to payments before. “Driven by Osko, payments are made in real time to friends and merchants – there’s nothing ‘pending’ here. And we’ve built this platform from the ground up to enable the conversational format that gives customers clarity on where money is going to […]
American Express praises Ripple for cross-border payments, calls blockchain technology ‘very promising’
American Express is at it again with positive comments on blockchain technology and praising Ripple.
Assembly Payments rolls out Westpac partnership while announcing international expansion
Leading Australian fintech Assembly Payments has today announced the next stage in its partnership with Westpac and its international expansion. Assembly’s Westpac partnership has seen its unique in-store solution approved by POS companies serving more than 50% of Australian retailers. The solution, which supports Westpac’s Presto payment device, was highlighted by Westpac CEO Brian Hartzer in his result statement in November. The success of Assembly’s first partnership with a major financial institution has drawn global attention from similar finance behemoths, which the Assembly team is moving rapidly to capitalise on. “Australia was only the beginning,” co-founder and CEO Simon Lee said. “We have been working with a range of international […]
Australian payments fintech start-up Verrency secures major deal with the fastest growing bank in the United Arab Emirates
Global payments innovation service and Australia-based fintech Verrency is enabling payments innovation for the fastest growing bank in the United Arab Emirates, Liv., Emirates NBD’s lifestyle digital bank for millennials. The agreement will enable Liv. to leverage Verrency’s cloud-based payments service and fintech partners to enable cost-effective delivery of a multitude of value-added services to customers. Launched last year, Liv. is a mobile-only bank offering a lifestyle-based banking experience targeted at millennials. It is also the fastest growing bank in the country, with over 150,000 customers as of date. Verrency’s Commercial Director for Asia and Middle East, Aaron Oliver, said: “Verrency will enable Liv. to deliver on its innovation-led proposition […]
Bankwest accelerates shift to digital cards
Australian retail banks are accelerating their push towards deploying virtualised payment cards to replace vulnerable legacy plastic, as the pace and scale of breaches intensifies sharply. Commonwealth Bank subsidiary Bankwest revealed on Monday it has gone live with a ‘digital card’ feature that can activate a credit card in a digital wallet via the Bankwest Mobile app within 24 hours rather than having to wait for embossed plastic to arrive via snail mail. It’s a small but significant move because it signals the transition by banks to a truly digital-first payments footing as major card schemes American Express, Mastercard and Visa all heavily push tokenisation efforts that remove the need […]
Fintech currency wars heat up as Pelikin prepares to launch
A travel cash mishap in Croatia was Sam Brown’s inspiration to launch startup Pelikin into the competitive space of travel money and foreign exchange. “I was in Croatia, I went to get money out, put my travel card into the ATM and then cancelled my transaction because I changed my mind. My travel provider thought that was suspicious and blocked my funds. What that led to was having to borrow money, from the people I was travelling with,” Brown says. Brown has just closed out a crowdfunding raise for Pelikin of close to a quarter of a million dollars that has been “essentially a marketing campaign” for a the company’s […]
