Payment technology company mx51 has raised $32.5 million in a Series B round led by an undisclosed fintech investor.
Australia’s competition and consumer commisssion the ACCC has given notice that competition in payments markets, investigating allegations of anti-competitive conduct, and protecting the interests of consumers will be the focus of its financial services enforcement and policy work over the next year.
The Australian Competition and Consumer Commisssion (ACCC) has instituted proceedings in the Federal Court against Mastercard for allegedly engaging in conduct with the purpose of substantially lessening competition in the supply of debit card acceptance services.
Technology business veteran Anurag Vasisth has been appointed as Group CEO of technology loyalty rewards platform provider Loyalty Now.
NOT FOR PROFIT: The pandemic has disrupted donation drives and crowdfunding initiatives, preventing schools, churches, community groups, and charities from receiving beneficiary aid.
Payments platform operator mx51 has appointed Varghese Mathew to the role of chief customer officer.
Payment provider Mastercard is seeking to become a trusted digital identity provider and, to this end, has applied for accreditation under the Australian Government's Trusted Digital Identity Framework.
Payment provider Mastercard has become the third company in its sector to be banned from issuing cards in India, with the move coming in July, apparently due to its not adhering to rules on local data storage.
REA Group’s data business PropTrack has joined FinTech Australia’s ecosystem partnership program to establish key relationships in the fintech sector and to create opportunities.
Australian scale-up secure coding company Secure Code Warrior has made several senior appointments.
The Sydney Stock Exchange (SSX) has joined FinTech Australia’s corporate program, becoming the 13th organisation it has signed on this year.
Cloud accounting system provider Xero has joined Fintech Australia’s corporate program.
Six subsidiaries of media firm Nine Entertainment have paid penalties totalling $159,840 after the competition regulator the ACCC issued them with 12 infringement notices for allegedly charging subscribers and advertisers excessive payment surcharges.
The migration of retailers and small businesses online has prompted Australian consumers to demand more multiple payment options, according to Mastercard’s latest study. However, the preferred payment method changes on their situation.
Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.
Researchers at ETH Zurich, a university for science and technology studies, have used a man-in-the-middle attack to bypass the use of a PIN code by Mastercard payment cards, and also those from Maestro.
Global payment technology vendor Mastercard has cut a deal with SAP Concur to provide a better expense and invoice management process to private and public sector firms in the Asia-Pacific region which conduct transactions with corporate cards.
Small businesses have been among the hardest hit by COVID-19 in Australia but new research on the impact on their operations shows SMEs nationwide have adapted swiftly to the challenges by embracing digital commerce.
Global payment solutions provider Mastercard has worked with the Queensland Department of Transport and Main Road to enable contactless payments on the Gold Coast Light Rail network as part of a new smart ticketing solution.
A survey of 1000 Australians has found that about half (48 percent) are now using their smartphones to make payments, either through use of an app — including mobile banking — or else through other functionality.
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