Posts Tagged payments innovation

  • The future for payments – we’ll discuss it at BarCampBank

    If there’s one sector in banking that looks set to transform dramatically in the next few years it’s payments. The investors behind oneTXT and MoBank must agree, having gambled millions of dollars on start-ups seeking to capitalise on mobile and social network payments.The mobile & social ne...

  • Is innovating at your bank like climbing Everest?

    The head of innovation with a large local bank once told me his job was like climbing Everest without oxygen. Innovation takes effort, an ability to play politics, and an almost unhealthy level of tenacity.Last month I was disheartened to hear Westpac GM David Backley talk of the ongoing challenge o...

  • Payments innovation stalls, starting with project MAMBO

    Australia’s payments industry is looking tired and second-class. It’s something we’ve written about many times, and an issue not lost on the Reserve Bank of Australia, which has done little to hide its concern over the industry’s lack of recent innovation.Now it appears another payments alte...

  • RBA closely watching project M@MBO

    Reserve Bank head of payments policy Michele Bullock has told Online Banking Review the bank is “watching closely” the M@MBO project currently being considered by banking members of bill payments scheme BPAY.The proposal would see individuals register for their own BPAY code which could be used ...

  • The importance of payments choice

    The Reserve Bank of Australia must surely be watching closely BPAY’s plan to develop a unique code for Internet banking users that would facilitate online payments.Both the RBA and the Australian Bankers’ Association are preparing to lodge submissions to the Australian Competition & Consumer...

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