Digital Payments

Feb
15

JPMorgan Chase to create digital coin using blockchain

JPMorgan Chase plans to launch its own digital coin, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. The largest US bank by assets said customers, on depositing money at the bank, will be issued the cryptocurrency that can be used for transactions over the […]

By Reposted by Australian FinTech | Banking . Blockchain . Currency . FinTech . Payments
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Feb
12

Why business enterprise should start accepting cryptocurrency as payments

Payments for products and services is something that has been going on since the beginning of humankind. The main change has been how it has been established. From changing to cryptographic forms of money, strategies for payment have changed drastically all through human history, and we are in the middle another rush of change. Many […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Feb
12

Is Ripple too far ahead of its time?

As Swift and Ripple vie for the future of cross-border payments, an article published in American Banker has shed some light onto the obstacles facing both brands. At the same time, Swift has taken a step towards blockchain by linking its payments standard – GPI, or Global Payments Innovation – to R3’s Corda blockchain. It’s […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
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Feb
12

CBA plugs 500,000 customers into Apple Pay in just two weeks

The Commonwealth Bank of Australia’s backflip on its longstanding Apple Pay boycott has paid off in spades, with more than half a million people flocking to the new payment service just two weeks after it was made publicly available to customers. The stampede of iPhone users is so big it has boosted the CBA’s total […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Feb
06

Modern myki miracle: Android users give thumbs up to mobile payment trial

It has all the makings of a public transport miracle: a rollout of new myki technology that isn’t plagued by huge problems. At least not yet. Commuters taking part in a smartphone myki payment trial have given the beta test a cautious thumbs up, heaping praise on the convenience of topping up remotely and the […]

By Reposted by Australian FinTech | FinTech . Payments
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Feb
05

Bank sector transformation will come with open banking, competition: Xinja

Australian neobank Xinja said transformation of the financial services sector, described by Royal Commissioner Kenneth Hayne as often driven by greed, will only happen when consumers have clear choice, and can move easily and quickly between banks and other providers within the banking sector. The final report from the financial services Royal Commission paints a […]

By Australian FinTech | Banking . FinTech
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Feb
05

Twitter founder Jack Dorsey: Crypto will deliver a global currency

Jack Dorsey has a lot of thoughts and plans for cryptocurrency. In a February 2 interview with Joe Rogan, the Twitter founder and CEO had a lot to say about the topic. In a wide-ranging interview that covers topics of censorship, app development, politics and other topics, Rogan steered the conversation towards Dorsey’s Cash App, […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Payments
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Jan
30

Westpac fast payments rollout a ‘tipping point’

A $1 billion overhaul of Australia’s payment system has passed a key milestone, with all big four banks now offering near real-time payments to most of their customers. After banks were last year criticised for taking too long to roll out a fast payment service, Westpac has switched on the new payments platform (NPP) for […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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