Digital & Online

News about payments in the online and digital sapce

Federal judge rules Apple and Google app store payments anti-competitive

The federal court has ruled that Apple and Google’s app stores had no protections against anti-competitive behaviour.

Digital & Online

European payments giant eyes Cuscal’s Aussie customers

Luxembourg-based Banking Circle is preparing to challenge Cuscal’s dominance of payments outsourcing after local regulators approved its buyout of Australian Settlements Ltd.

Fintech

Fiserv sued over Clover move in US

Fiserv is being sued in the US over the migration of its merchants to Clover and for allegations it misled investors about the point-of-sale’s platform growth.

Fintech

Days of Apple Pay dominance numbered as government prepares to strike

The ACCC has sent a strong signal that the government is preparing to open payments competition on Apple iPhones, currently dominated by Apple Pay which has a stranglehold on the iPhone's NFC chip.

Digital & Online

Laxale and Husic to liven up new-look economics committee

Free digital payments campaigner Jerome Laxale MP is returning to the Standing Committee on Economics, alongside the new Chair and former Industry and Science Minister, Ed Husic.

Cash

PayPal BNPL comes to Gumtree Pay

Gumtree Australia has partnered with PayPal to offer PayPal Pay in 4 to its customers through their new payment platform called Gumtree Pay.

Fintech

Specialty is key in new era of Aussie payments consulting

With increasing complexity around digital payments, a new breed of payments consultant is emerging in Australia focusing on niche specialisations to help businesses meet new challenges.

Fintech

Will Beem re-emerge as regulators eye iPhone NFC?

Can Beem finally win against Apple, or has the horse bolted?

Fintech

Airwallex partners with Arsenal

Aussie payments outfit Airwallex has announced a multi-year partnership with football legends Arsenal Football Club that will see the platform become the club’s Official Finance Software partner.

Fintech

AP+ Beem app integrates Cashrewards

Australian Payments Plus’ digital wallet Beem has integrated Cashrewards into its app, giving customers an alternative way to earn cashback on their purchases.

Digital & Online

PayPal Australia appoints former ANZ executive to its board

Jenny Fagg, the banker who built the business case for the New Payments Platform, joins PayPal Australia as an independent director

Fintech

Ticketek adds PayPal for concert fans

US payments giant PayPal is entering the Australian entertainment business, partnering with Ticketek to offer payments and buy now, pay later (BNPL) options to buy tickets for live concerts.

Fintech

Industry clambers aboard the digital dollar trial with Aussie regulators

Is Australia moving closer to a new central bank digital Australian dollar, with the support of big banks, J.P. Morgan, three regulators, Australia’s domestic payments scheme and fintechs?

Digital & Online

ANZ turns off BPAY View service

ANZ started to turn off a service which was designed to help customers with bill payments and notifications via BPAY, just days after its new CEO, Nuno Matos, took charge.

Digital & Online

Australia’s record credit card surge hides a surprising twist

Credit card spending just hit a two-year high, but the real story isn't about consumers. It's about businesses on the brink.

Cash

eCommerce jobs go as Tyro implements new product and technology model

With its future under the cloud of a languishing share price, US rivals looking to Australia for acquisitions, and the RBA set to up end its business model, Tyro is vowing to go it alone.

Merchant Service Fees

Shift4 completes Global Blue buy, as it moves into Aussie payments

With a series of heavy-duty acquisitions, Shift4 is poised to enter the Australian market with serious capabilities and a ready-made customer base.

Fintech

Till founder Shadi Haddad and Nuvei face possible lawsuit

On July 2, the NSW Supreme Court gave major investors Silva Fortune and NGP Investments access to Till financial records, that may also reveal whether Till’s acquisition was at arm's length.

Fintech

AI hire and investment war escalates, as NAB pre-announces digital executive

In the race for digital-savvy bank executives and AI investment, NAB has pre-announced the appointment of Lloyds Banking Group and former CBA executive Pete Steel to focus on its digital and AI operations, including the “design and customer onboarding” of its digital bank, ubank.

Digital & Online

Coles Pay wallet locks in customers, and gathers more data

Supermarket giant Coles is preparing to ramp-up promotion of Coles Pay as its new digital wallet, marking a strategic shift in its digital payment offerings.

Digital & Online

Humm drops BNPL and announces takeover bid

Sydney based ASX-listed Humm Group limited has announces $286 million takeover offer from The Abercrombie Group Pty Ltd (TAG).

Fintech

NSW probes e-conveyancing

NSW Parliament is forming a Select Committee to look at competition reforms in electronic conveyancing.

Digital & Online

RBA consults on new powers to respond to threats on CS facilities

The Reserve Bank of Australia (RBA) has released a consultation paper on how it intends to implement its new powers to respond to threats posed to the financial system by Clearing and Settlement (CS) facilities like those managed by ASX.

Digital & Online

AUDC launches AUDD stablecoin on Hedera

Australian Blockchain and Cryptocurrency (AUDC) has launched an Australian Digital Dollar (AUDD) on the Hedera Network.

Digital & Online

ASIC and the RBA stare down ASX after serious failures

ASIC has announced an Inquiry into Australian Securities Exchange (ASX) group, while the Reserve Bank of Australia (RBA) explores regulatory options to “ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure”.

Digital & Online