Posts Tagged project MAMBO

  • MAMBO misses the point MAMBO misses the point

    Account portability is at a standstill now that Project MAMBO has been called off, but was the concept really viable in the first place? BY STEPHEN WILSON Last month brought the unfortunate news that the BPAY consortium has cancelled Project MAMBO, setting back the cause of account portabili...

  • Competition takes a Swan dive... Competition takes a Swan dive…

    OPINION In January 2009, on the back of the worst financial crisis many had lived to experience, we asked if the industry was about to see the death of competition. The removal of St. George and BankWest as serious competitors to the major banks delivered unprecedented market share to the Big ...

  • Facebook sets sights on payments, while banks debate M@MBO 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 ...

  • 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...

  • 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 ...