Posts Tagged payments innovation
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Have account, will travel
New Zealand's new governing body for payments standards and infrastructure has introduced new account switching rules BY ELTON CANE Payments NZ, the new private company established by the New Zealand Bankers Association and Reserve Bank to manage domestic payments rules and standards, has hi...
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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...
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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 ...
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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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Partnering with start-ups can pay for banks
“If banks were doing their job correctly there wouldn’t be a PayPal or a Mint” says Richard Aberman. In reality if banks made business accounts simpler there may not be a need for Aberman’s business WePay either, and he knows it. WePay is a start-up founded in 2008 to help groups colle...
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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 ...
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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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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...
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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...
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Where’s your canary in the coal mine?
Last month James Gardner inspired our audience of bankers at CXFS09 with one question: Does your institution have a canary in the coal mine?Gardner reminded us the landscape financial institutions currently operate in is defined by a vast threat surface. “Every single critical business line we hav...
