Posts Tagged MAMBO

  • MAMBO in limbo? 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...

  • Trading places Trading places

    Millions of Aussies switch banks every year. However APCA says reducing the barriers to switching would enhance the utility of the payments system. BY CHARIS PALMER Bank account portability looks set to be debated within coming months, with the issue featuring in the submissions of several p...

  • Portability is possible, getting big four agreement a lot harder Portability is possible, getting big four agreement a lot harder

    OPINION National Australia Bank chief Cameron Clyne looked a little nervous when asked about account portability at yesterday’s Senate grilling, as testimony got underway in the current inquiry into banking competition. Given he had just moments before pointed out it’s the cost and time of...

  • PayPal trumps banks on mobile micropayments 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...

  • Bankers dance to Mambo Bankers dance to Mambo

    BPAY is again trying to revive its Me at My Bank Online payments scheme, which will help fine-tune bank account portability BY CHARIS PALMER BPAY's controversial MAMBO project is a step closer to becoming reality with the appointment of an unnamed vendor to help develop the product. MAMBO...

  • Lessons in the making Lessons in the making

    OPINION There's often no prize for being first in banking, which is why the fast follower strategy is so common. But being second, or for that matter, third, fourth or fifth, is only worthwhile if you learn from those who came before you. The industry is currently contemplating MAMBO 2.0 (Bank...