Archive for Payments
-
PayPal trumps banks on mobile micropayments
OPINION Watching the bevy of announcements coming out of PayPal’s X Innovate conference this week, you could be forgiven for thinking banks have entirely missed the mobile payments boat. Online media giants including Facebook and FT.com have jumped on board PayPal’s new digital goods payme...
-
ANZ embraces mobile payments
NEWS ANZ has released an iPhone application that allows customers to send money to anyone with an Australian bank account using only their mobile phone number as an identifier. It is the first application launched by a major Australian bank that offers a "pay by mobile" function, which al...
-
PayPal head of mobile on the future of money
PayPal has been doing its bit this week to raise awareness of the growing online retail opportunity in Australia. It seems overseas competitors are currently taking around 40 per cent of Australia’s online spend – it’s the kind of statistic that should have Aussie online entrepreneurs rubbing ...
-
Facebook sets sights on payments, while banks debate M@MBO
The business of payments is something Facebook is “focusing a lot of time on” revealed Facebook’s Australian head Paul Borrud yesterday, speaking at an Interactive Minds event on Facebook for business. Facebook recently announced a partnership with PayPal to allow advertisers to use PayPal ...
-
PayPal dances with developers to drive innovation
Back in July , following a discussion with Jeff Carter (who is back in Australia for this month’s Innovative Marketing conference), I asked : What if a bank were to open up development of applications to others in the same way Facebook does?The discussion Jeff and I were having revolved around the...
-
Making P2P mobile payments a reality
News last week that Nokia is to launch a financial services offering enabling peer-to-peer mobile payments has many in the banking industry talking.The move is probably a greater threat to Western Union than it it to large banks, but it will push banks to more seriously consider the peer-to-peer pay...
-
Let’s have a debate about bank account portability
Australia’s payments industry has dodged a bullet in the latest review of payment system reforms, but will need to continue to develop the EFTPOS scheme and M@MBO project if it is to convince the Reserve Bank to step away entirely from interchange fee regulation.Although the industry has revived M...
-
Flycke prepares to take on BPAY
A new payments start-up using the billing system of the Centricom-owned POLi is preparing to take on BPAY.Flycke general manager Anthony Johnston told Online Banking Review the group will launch “in the next couple of weeks” and is currently in talks will small and large billers from the Governm...
-
Payments the new competition battleground in banking
Today’s announcement by Woolworths that it is to move into mobile telco services with Optus paves the way for the retailer to offer debit and/or loyalty card products via mobile devices. It’s no secret that Woolworths has ambition to issue more cards, and since it wound down its EzyBanking r...
-
Banking Review podcast with Jeff Carter
Jeff Carter is a former Bank of America executive who founded the Centre for Future Banking with MIT in April 2008. Jeff is currently the CEO of Azigo, a start-up specialising in electronic identity management.Jeff recently visited Australia for Amplify, an internal innovation event run by AMP. I wa...
