Payments

Nov
02

NAB does 10-year deal with Visa amid banks’ Apple battle

As the battle between tech giants, card companies and banks for a slice of their substantial unsecured lending profits heats up, NAB has announced a decade-long deal with Visa on new payment innovations. Source: NAB does 10-year deal with Visa amid banks’ Apple battle

By Cameron Dart | Banking . FinTech . Payments
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Oct
29

Apple Pay to launch in Australia through American Express in 2015

Apple has bypassed banks who are unwilling to give up their card fees by launching Apple Pay with American Express in Australia and a host of other countries. Amex’s global head of mobile products and payments, Tony Prentice, said its customers in Australia and Canada will be able to use Apple Pay for transactions on […]

By Cameron Dart | Banking . FinTech . Payments
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Oct
26

Helping Kids Become Financially Savvy

It’s rare to meet a person who has never experienced anxiety about money, at least once in their lifetime. For many of us, it all comes down to a lack of knowledge. But imagine if you were well-educated in the basics of money, from childhood? That’s the intention behind fintech start-up Piggy – a digital […]

By Cameron Dart | Banking . FinTech . Payments
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Oct
20

Why these giant Chinese companies could destroy Australia’s fintech ambitions

Fintech companies are some of the hottest startups around right now. Incredibly, more than 20 are now valued over $US1 billion. Australian credit reference fintech, Veda, might get bought for $2.2 billion. The possibilities offered by fintech are enormous. Mobile payments, payment terminals, smart contracts, smart bonds, P2P lending and crowdsourcing are all examples of […]

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Oct
13

PromisePay to propel payments for Airtasker start-up | The Australian

Australian online marketplace start-up Airtasker has recruited Westpac-backed fintech firm PromisePay to power its transactions. PromisePay, which recently secured funding from Westpac’s Reinventure Fund, as well as 99 designs co-founder Mark Harbottle, Australian venture capital firm Rampersand and US fintech venture capitalists Cultivation Capital, works with marketplaces and on-demand platforms in the US and Australia […]

By Cameron Dart | FinTech . Payments
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Oct
08

Preference for digital payments makes Australian banking ripe for fintech disrupters

Australian consumers’ love of contactless payments has helped push the country up global rankings that measure the use of non-cash payments across the world. Australia had the fourth-highest number of non-cash payments per person in the world, the report by consultancy Capgemini and bank RBS said. There were more than 300 non-cash transactions per person […]

By Cameron Dart | Banking . FinTech . Payments
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Sep
30

Banks V Bitcoin

Michael Pascoe raises some interesting ideas in this short segment about why the banks are interested in ensuring they don’t do business with those that are involved in legal bitcoin businesses but turn a blind eye towards better known ‘shonks’ using their services. What are your thoughts on the banks using these tactics and do […]

By R.James | Banking . Bitcoin . Currency . FinTech . Payments
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Aug
31

Will Bitcoin Finally Bring Down The House Of Medici? | TechCrunch

This article makes a great argument for Bitcoin and explains why we should use it instead of the current process. In the 14th century, the Medici family used the power of its newly invented, double-entry accounting system to build a cross-border banking empire that banks still use today. Now more than 600 years later, cross-border […]

By Cameron Dart | Currency . FinTech . Payments
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