Displaying items by tag: Merchants

Australian consumers are overwhelmingly in favour of small businesses being given the ability to choose the cheapest option to process debit card payments through Least Cost Routing (LCR), according to new research by eftpos.

The competition regulator and enforcement agency the ACCC is seeking views on a court enforceable undertaking which has been offered by Industry Committee Administration (ICA), the company representing three Australian payment services providers seeking to merge.

Alibaba Cloud is the digital technology and intelligence backbone of the Alibaba Group, and has revealed the cutting-edge tech rolled out in support of the 2020 11.11 Global Shopping Festival, which included a massive amount of greener cloud-native computing power run on hyper-scale data centres, livestreaming, live translations, 3D virtual tools, virtual sales assistants and plenty more!

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.

eCommerce merchant losses to online payment fraud will exceed US$25 billion in 2024, up from just $17 billion in 2020, despite the ongoing implementation of Secure Customer Authentication (SCA) in Europe.

Chinese-based global payment terminals giant PAX Technology is launching its Android products into the Australian market next year.

Global revenue from payment platforms that enables merchants to process payments will grow from US$106 billion in 2019 to US$158 billion by 2024, according to Juniper Research.

Chinese tech giant Alibaba Group has unveiled its first AI inference chip developed by T-Head under the Alibaba DAMO Academy, an initiative it says will accelerate the speed of machine learning tasks – and lead technology development and scientific research.

Melbourne based Quest Payment Systems in conjunction with National Australia Bank and Visa, has launched a trial which allows merchants to accept card payments using their Android smartphone.

Michel van Aalten, Adyen country manager ANZ

According to the Australian Payments Network, payment fraud on Australian credit cards hit $476 million in 2017, surging from $218.1 million in 2016. As of 2018, online card fraud now accounts for 85 per cent of all card fraud in Australia.

Ecommerce vendor BigCommerce has ditched its IBM platform and completed the migration of its hosting infrastructure to Google Cloud.

One of Australia’s big four banks, the National Australia Bank, is backing a US$100 million capital raising by US-based ecommerce platform, Poynt.

Australian ecommerce and hosting solutions provider, eCorner, has signed a deal with Macquarie Cloud Services which it says will help it to stay competitive in the face of increasing competition from US ecommerce giants like Shopify. 

Instagram, in collaboration with Australian-founded ecommerce platform BigCommerce, is making shopping available on its social network to Aussie businesses and consumers.

Adyen says it is "the payments platform choice for the world's leading companies", with this platform choosing to add eftpos, giving merchants and their customers more payment choices.

Cloud ecommerce platform BigCommerce is partnering with order fulfilment and delivery services provider Shippit in a deal which the two companies say makes it easier for Australian merchants selling on BigCommerce to streamline all components of the shipping process, removing the need to arrange accounts and negotiate contracts.

With Mexican eatery Guzman y Gomez one of the first Braintree merchants to integrate Apple Pay in Australia, it surely won’t be the last. Olé!

Ecommerce platform BigCommerce has sealed a deal with on-demand delivery company Zoom2u to provide same-day shipping services to Australian merchants natively.

PayPal and Visa are collaborating on an initiative aimed at accelerating the adoption of digital and mobile payments by Asia Pacific consumers and merchants.

EFTPOS payments provider Tyro’s customers can now use Apple’s Siri to pay bills and complete other transactions, including business expenses.