ConnectID rolls out nationally through Telstra retail network as Canberra’s scam rules loom
With the fight against scams and fraud firmly on the political agenda, Telstra just made it simpler to verify your identity using the payments rails, allowing you to check in with an organisation that already knows who you are - like one of the Big Four banks, Westpac, Commonwealth Bank (CBA), ANZ and NAB – without sharing sensitive documents.
Featured
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Volt and Trade Nation launch real-time payments for Australian traders, starting a global partnership
Kicking off a global launch in Australia with PayID, a partnership between Volt, Trade Nation and Praxis promises to bring A2A capabilities through a single integration to trading clients.
Fintech
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Westpac data reveals rapid uptake in AI subscriptions
Westpac customers alone are paying $5.6 million a month on AI tools, according to the bank’s new payments data.
Banks
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Other than fuel, Aussies are still spending as inflation pressure rises
With the Reserve Bank continuing to predict inflationary pain for the near term, new data from The Commonwealth Bank (CBA) suggests Aussies are continuing to splash out on discretionary items while shying away from the petrol pump.
Cash
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CBA selects FIS to streamline reconciliations
The Commonwealth Bank (CBA) has enlisted the help of FIS to consolidate and automate reconciliation across the bank, with the solution to process over 150 million transactions daily.
Fintech
+1
Visa partners to test agentic ecosystem
A host of Australian partners including ANZ, Bank of Melbourne, BankSA, Cuscal, ING, Latitude Financial, NAB, St. George, and Zip have signed up to Visa’s Agentic Ready program, in what Visa said was an important step in preparing the local ecosystem for the next phase of agentic commerce.
Banks
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Westpac brings back cardless cash withdrawals ... with a twist
After pulling the plug in 2024, Westpac has brought back cardless cash withdrawals, to suit the modern era.
Cash
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Adyen partnership sees big savings for 1Cover
Travel insurer 1Cover claims a $35,000 saving by streamlining its payments stack through Adyen partnership.
Fintech
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Ant International & Citi launch PayTo for Australian SMEs
Ant International and Citi plan to launch PayTo on Ant’s service in Australia aimed directly at the small business market.
Fintech
+1
Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia
Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.
Fintech
+2
Accommodation providers look for cheaper pay options in wake of surcharge ban
With Australia's planned ban on card surcharges set to take effect on 1 October, GoCardless said accommodation providers are seeking lower-cost payment alternatives to protect margins.
Fintech
+2
Coinbase’s green light with AFSL
In an Aussie first, Coinbase will bring perpetuals, futures, options, and a full suite of financial products to one of the world's most engaged crypto markets thanks to a retail derivatives authorisation.
Fintech
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