Displaying items by tag: CBA

Australia’s small businesses are investing in their recovery, with the Commonwealth Bank saying that financing for equipment and machinery across the sector is up 17% so far this financial year, compared with the same period last year - and investing in IT is also on the investment lists for SMEs.

Fintech MonetaGo has appointed Mark Borton to the newly created role of ANZ managing director.

Commonwealth Bank has taken a 20% stake in fintech Paypa Plane in a move aimed at increasing the uptake of the New Payments Platform's PayTo service.

Australia’s national science agency, the CSIRO and the Commonwealth Bank (CBA) have launched a joint public-private sector initiative to investigate potential impacts of climate change to the finance sector.

Personal services businesses, such as hairdressers and beauty salons, in Victoria welcomed a 481 per cent increase in sales in their first weekend post-lockdown compared with the previous weekend, according to Commonwealth Bank merchant terminal data.

The Commonwealth Bank has launched its new payment terminal ‘Smart’ which it says integrates the latest technology and customisable features to transform payments in Australia.

The Technology Business Management (TBM) Council has formed an APAC chapter and appointed a regional advisory board loaded with executives from big-name Australian organisations.

Commonwealth Bank is beefing up its digital resources with the launch of a new recruitment plan aimed at growing its network of engineers by at least 50 per month for the foreseeable future.

Commonwealth Bank is partnering with global ecommerce platform provider BigCommerce in a move the bank says will make it easier for businesses of all sizes to launch and grow their online stores.

CommBank IQ is a joint venture between Commonwealth Bank of Australia and data science company Quantium that plans to deliver "highly relevant" data insights to institutional clients.

Commonwealth Bank is one of the first card issuers to go live with eftpos on Samsung Pay.

There has been a marked reduction in the level of fraud experienced by its merchant customers, according to the Commonwealth Bank, but despite the drop the bank has warned that small businesses must remain extra vigilant over the festive season.

Suncorp has appointed Adam Bennett as its CIO.

The Commonwealth Bank says it is taking steps to address the issue of technology-facilitated abuse to provide a safer banking experience for customers, with the launch of a new Acceptable Use Policy following misuse of its digital banking services.

Online banking services at the Commonwealth Bank, which were hit by an outage on Thursday, are returning to normal, the bank says in a statement issued early Friday morning, adding that the appearance of some payments in accounts may be delayed.

The ANZ Bank has confirmed that a data breach at property valuation firm LandMark White, now known as LMW, which is said to have affected more than 100,000 customers of a number of banks, has affected its customers as well.

Mastercard has announced a partnership with Transport for New South Wales to deliver a smarter city through the "Future Transport Digital Accelerator", and also includes CBA, AWS and others. 

The Office of the Australian Information Commissioner says it has made "further inquiries" into the loss of millions of customer records by the Commonwealth Bank but did not say why it had decided, along with the CBA, to not inform customers or any government functionaries about the loss of data.

Samsung has nabbed victory by nabbing major Aussie bank NAB in its quest to see Australia's four big banks all offering access to Samsung Pay, as ever more consumers make payments via mobile devices.

Many people may consider last week's introduction of Australia's New Payments Platform, which will enable faster payments for both consumers and businesses, as a measure that is long overdue. But the head of security vendor RSA's fraud and risk intelligence team in Asia Pacific/Japan sees a downside, in that it will also enable faster fraud.