Articles with tag: westpac

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Westpac sells its stakes in Zip

News | Payments General | 28 Oct 2020

Australia-based bank and financial services provider Westpac has sold its stake in the buy-now-pay-later firm Zip.

Westpac, Zip, Australia, BNPL, stake, investment, banking

Afterpay, Westpac to offer savings accounts

News | Online & Mobile Banking | 20 Oct 2020

Australia-based Afterpay and Westpac have announced their partnership to offer savings accounts to customers in Australia, through Westpac’s digital banking platform.

Afterpay, Westpac, partnership, savings accounts, digital banking, Australia

Westpac Bank to pay record fine over money laundering breaches

News | Digital Identity, Security & Online Fraud | 25 Sep 2020

Australia’s Westpac Bank has negotiated to pay a record USD 0.9 billion fine for the nation’s biggest breach of money laundering laws, according to BBC.

Westpac Bank, money laundering, financial crime, international transfers, due diligence, Australia

Westpac to implement new fraud protection measures within its branch network

News | Digital Identity, Security & Online Fraud | 10 Aug 2020

Westpac has announced plans to implement new fraud protection measures within its branch network after flagging a spike in scamming activity.

Westpac, fraud protection, scam detection technology, real-time alerts, romance scam, email phishing

Westpac NZ rolls out new merchant fee pricing structure

News | Payments General | 04 Aug 2020

Westpac NZ has revealed it is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses.

Westpac NZ, merchant, fees, small businesses, fraud prevention, merchant support, payment processing, debit transactions, credit transactions

Westpac to form new group operating office, following money laundering accusations

News | Digital Identity, Security & Online Fraud | 28 Jul 2020

Westpac has announced the creation of a new group operating office, following money laundering accusations.

Westpac, money laundering, Austrac, banks, fraud prevention, international funds transfers, human error, Australia

Trulioo recommends payment apps to improve security against COVID-19 fraud

News | Digital Identity, Security & Online Fraud | 24 Jul 2020

Trulioo has released an Anti-Money Laundering and Know Your Customer (KYC) report that tracks fraudulent activity during the pandemic.

Trulioo, Anti-Money Laundering, AML, Know Your Customer, KYC, report, fraudulent activity, COVID-19, cybercriminals, payment apps, online transactions, biometrics, account takeover, Westpac Banking Corporation, customer onboarding

Australian bank Westpac admits breaching money-laundering laws

News | Digital Identity, Security & Online Fraud | 19 May 2020

Westpac Banking has admitted to millions of breaches of anti-money laundering and counter-terrorism laws in a filing in Australia’s Federal Court.

money laundering, bank, Australia, Westpac Banking, counter terrorism, financing, risk analysis, regulation

Apple Pay to be accessible for Westpac customers

News | Online & Mobile Banking | 28 Apr 2020

Australia-based bank Westpac has announced making Apple Pay accessible for customers who have an eligible Mastercard debit or credit card, or Eftpos Handycard.

COVID-19, coronavirus, Westpac, Apple Pay, Mastercard, debit card, credit card, CBA, NAB, Bendigo, Adelaide Bank, NFC, technology, St. George, BankSA, Bank of Melbourne, Visa

Moven announces to shut down its operations

News | Online Payments | 30 Mar 2020

Moven, an US-based digital bank, has announced it is shutting down its operations, informing its clients that their bank accounts will be closed by April 30, 2020.

digital bank, Moven, coronavirus, software, Moven Enterprise, TD Bank, Westpac, STC Pay, US

Westpac Bank offers support amid COVID-19 for online banking

News | Online & Mobile Banking | 23 Mar 2020

Australia-based Westpac Bank has announced its support for customers and the community in the wake of the coronavirus (COVID-19) pandemic situation. 

Westpac, Australia, Westpac bank, financial aid, COVID-19, coronavirus, online banking, Commonwealth Bank, banking, digital banking

Australian open banking undergoes six-month postponement

News | Payments General | 09 Jan 2020

The Australian Competition & Consumer Commission has announced the delay of certain open banking reforms in Australia by six months, according to ICLG.com.

The Australian Competition & Consumer Commission, Open Banking, Consumer Data Right, open API, Commonwealth Bank, Westpac, ANZ Bank, National Australia Bank, Australia

Westpac and Microsoft team up to boost digital banking

News | Online & Mobile Banking | 19 Nov 2019

Westpac has launched its data driven experience platform (DDEP), a Microsoft Azure-based data hub that provides real-time insight to its customers.

Microsoft, Westpac, digital banking, partnership, Open Banking, Consumer Data Right, DDEP, Microsoft Azure, data driven experience platform, Australia

Westpac prepares to launch banking-as-a-service platform

News | Payments General | 04 Nov 2019

Westpac plans to launch a cloud-based digital banking-as-a-service platform that will allow third parties, such as Westpac’s institutional clients and fintechs, to offer the bank’s products to their customers.

Westpac, banking-as-a-service, digital, APIs, fintech

Salesforce, NAB and Reinventure back Open Banking Platform Basiq

News | Payments General | 09 Oct 2019

Australia-based open banking startup Basiq has concluded its Series A funding, securing investment from Salesforce Ventures, NAB Ventures and Westpac’s Reinventure.

Salesforce, NAB, Reinventure, Basiq, Australia, funding round, Westpac, open banking, open banking platform, fintech, financial technology, startup

Open banking startup Basiq lands funding from Westpac and NAB

News | Online & Mobile Banking | 01 Oct 2019

The venture capital funds of Westpac and National Australia Bank have co-invested in Open Banking startup Basiq.

Basiq, Westpac, National Australia Bank, Reinventure Group, The Productivity Commission, data-sharing regime, Open Banking, Australia, online banking, open API, digital banking

Westpac partners with Coupa to boost e-procurement

News | E-invoicing, SCF & E-procurement | 20 Aug 2019

Australia-based bank Westpac has announced partnering with US-based spend management platform Coupa to streamline its clients spending and procurement processes.

Westpac, Coupa, partnership, spend management, e-procurement, B2B payments, cloud paltform, spending, banking, bank, Australia, New Zealand, Business Spend Management, Australian Supplier Payment Code

ANZ, CBA, Westpac partner IBM for Lygon blockchain bank guarantee pilot

News | Payments General | 04 Jul 2019

ANZ Bank, the Commonwealth Bank, and Westpac have joined forces to trial a bank guarantee platform that uses blockchain.

ANZ, CBA, Westpac, IBM, Lygon, Hyperledger Fabric, blockchain, Australia, New Zealand, bank guarantee platform, banking, bank platform, digital bank guarantee

Westpac embraces the start of Open Banking

News | Payments General | 01 Jul 2019

Westpac Group has welcomed the first stage of Open Banking in Australia by launching generic product data as part of the Federal Government’s pilot program.

Westpac, Open Banking, regulation, fintech, innovation, Australia

Kiwi banks ASB, Westpac launch open banking-powered Zeal P2P payments app

News | Payments General | 03 Jun 2019

New Zealand-based ASB Bank and Westpac have developed Zeal, an open banking app, right now undergoing testing prior to public launch.

ASB Bank, Westpac, Zeal, partnership, product launch, product test, open banking, P2P payments, online payments, open banking app