The adoption and average of real-time payments in Australia, such as Osko and PayID, have more than doubled in the last 12 months, a report by the fintech solutions provider FIS has found.
The inherent weakness at the heart of the real-time payments platform PayID has been exposed, with the details of about 100,000 Australians being leaked through an attack on the Westpac bank.
Members of CUA, Australia’s largest credit union, can now register a PayID access, a faster, simple and smarter way to make and receive payments.
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