Archive for Payments
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Carry on banking?
Telecommunications carriers trying to muscle in on the mobile wallet and payments space are obtaining banking licences left, right and centre BY BRETT KING The announcement that the Canadian carrier Rogers Telecom has applied for a banking licence should hardly come as a shock to the retail ...
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MAMBO in limbo?
MAMBO's future is becoming clouded as NAB withdraws its support and ANZ reviews its participation BY CHARIS PALMER BPAY's Me at My Bank Online (MAMBO) online payments project appears to be in doubt, with NAB withdrawing support for it and ANZ reviewing its commitment. NAB says it made the...
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Big picture payments
Google's move on an NFC trial for mobile payments is puzzling at first glance. However, look deeper and you'll understand why the giant has made a break for NFC BY BRETT KING Google has revealed its long-awaited NFC trial for mobile payments. On the face of it, many perceive that Google's pl...
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Glitches and tweets
NAB's recent batch processing failure had a big impact on customers. It was also a test for the bank's relatively new social media service team BY ELTON CANE The failure of NAB's batch payments processing and subsequent transaction delays and duplication for customers was big news in late No...
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Australia chips in
More than one billion EMV-compliant chipped payment cards have been issued worldwide, but there is still much work to do behind the scenes BY ELTON CANE Many countries in Europe and Asian nations such as Malaysia have already completed EMV migrations after setting aggressive timetables for c...
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Bridging all borders
In three years time, transacting internationally will be a new frontier for 250 million people, according to eWise's online payments vision BY CHARIS PALMER Online payments specialist eWise wants to enable 250 million people to make cross border payments using online banking within three year...
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The gift of prepaid
Prepaid cards in Australia remain a relatively niche product, but there are growth opportunities for business and government use BY ELTON CANE Globally, the market for prepaid cards is worth an estimated US$25 billion, with $US15 billion of that being for open loop cards. These allow recipien...
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We came, WePay, we conquered
Whether you're a club, association or bunch of students, making group payments is about to become a cinch, says WePay BY CHARIS PALMER The way group payments are facilitated and managed is set to become easier as start-up WePay takes on PayPal and the banks to target clubs, associations and s...
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Terminal illness
Shop counters will soon be groaning with proprietary terminals if contactless transactions don't gain traction BY CHARIS PALMER Acceptance by transit authorities, improved customer education and more innovation are required to drive greater uptake of contactless payments in Australia say indu...
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Travel pass
Near Field Communication technology has been a godsend for some of the world's major global transit systems, but what's in it for banks and telcos? BY ELTON CANE Since the first contactless card mass transit system was deployed in Hong Kong in 1997, industry observers have claimed contactless...
