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Australian Payments Plus (AP+), a provider of digital identity solutions via ConnectID, has announced and welcomed the passage by the Senate of the Digital ID Bill.
digital identity, identity verification, identity fraud, identity method, fraud prevention
ACI Worldwide has released its Scamscope Report which shows how scam losses are expected to hit USD 6.8 billion by 2027.
scam, report, online payments, online security, fraud detection
The Reserve Bank of Australia has conducted a survey that reveals a sharp increase in Buy Now, Pay Later use among young adults.
BNPL, online payments, report, survey, banks
Australia-based BGL Corporate Solutions has announced a partnership Skript, to connect its clients to Open Banking.
banking, Open Banking, data, online security, partnership
Australia-based Waave has launched Wendi, a tool that allows users to view all their subscription expenses.
digital banking, Open Banking, online payments, subscription payments, payment methods
This is a snapshot of the insights that matter most when measuring the size and type of opportunities in the ecommerce market in Australia.
ecommerce, marketplace, growth markets, merchants, cross-border ecommerce, local payment method, cash, BNPL, online shopping
Australia’s competition regulator has blocked a USD 3.2 billion buyout planned by ANZ Group of insurer Suncorp’s banking arm.
regulation, acquisition, banks, lending, insurance
Payments company Stripe and ecommerce group Shopify have committed to sped USD 11 million in the Frontier fund to remove carbon dioxide from the environment.
green finance, Stripe, Shopify, investment, carbon footprint
The Australian Competition and Consumer Commission (ACCC) is set to organise ‘Internet sweeps’ to identify companies that make false environmental and sustainability claims, also called greenwashing.
green finance, ecommerce, ecommerce platform, online shopping, online platform, regulation, regulatory sandbox
The Paypers presents the latest development in debit and credit cards from levelling card fees to the stint in crypto payments.
payment methods, debit card, credit card, cryptocurrency, payments ecosystem, regulation, bigtech
After the flourishing period experienced in 2021, fintech companies are now facing difficult times due to sustained inflation and geopolitical conflicts that forced them into adapting a downsizing trend.
fintech, ecommerce, COVID-19, startup, online banking, digital payments, IPO, Unicorn, funding, cryptocurrency
Frida Polyak, Senior Research Analyst at Euromonitor International, explains how BNPL has contributed to the online shopping boom.
payment methods, BNPL, ecommerce, neobanks, fintech, instalment payments
Micro-investment app Blossom has joined Australia-based payment platform Azupay to enable real-time account-to-account payments via PayID.
account-to-account payment, instant payments, real-time payments, online payments
The Australian Competition and Consumer Commission (ACCC) has announced it does not oppose Woolworths’ proposed acquisition of MyDeal, following an extensive review to prevent monopole in the industry.
acquisition, expansion, online shopping, shopping, ecommerce, ecommerce platform, COVID-19
The Australian Competition and Consumer Commission (ACCC) has rolled out a free tool to help organisations prepare for Australia’s Consumer Data Right legislation, according to CMO.
CDR, Open Banking, regulatory sandbox
The Australian Competition and Consumer Commission’s has published its 'Targeting Scams' report, stating a 77% increase in payment redirection scams compared to 2020.
scam, report, fraud prevention, cybercrime, ransomware
The Australian Competition and Consumer Commission (ACCC) has released its annual Targeting Scams report, highlighting that Australian consumers and businesses lost over AUD 2 billion to scams and fraud.
scam, fraud management, fraud detection, online fraud, identity fraud, COVID-19, payment fraud, report
The Australian Competition and Consumer Commission (ACCC) has issued an infringement notice to the Bank of Queensland (BOQ) – believed to be around USD 132,000 – for allegedly failing to meet its Open Banking compliance obligations, according to Mortgage Business.
Open Banking, regulation
The Australian Competition and Consumer Commission (ACCC) has announced it started legal proceedings against Mastercard Asia Pacific and Mastercard Australia for alleged anti-competitive conduct.
regulation, credit card, debit card, card scheme, payment processing, scheme fee, transactions , transaction monitoring, online payments
B2B payments solution provider Monoova and Open Banking enabler TrueLayer have announced the launch of data-enabled payments in Australia using the Consumer Data Right.
Open Banking, Open Finance, e-invoicing, B2B payments