Payments operator Visa says its AI-driven security has helped financial institutions prevent Australian businesses being defrauded to the tune of $354 million in the past year.
Visa expands its Visa Instalments, a solution that lets shoppers access the Buy Now, Pay Later financing via their existing ANZ credit cards at check out without any extra steps.
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.
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.
Card issuing platform provider Marqeta has announced plans to establish its Asia Pacific headquarters in Melbourne, and has appointed Duncan Currie to the role of ANZ country manager.
The ACCC has accepted a court-enforceable undertaking from Visa AP (Australia) Pty Ltd and Visa Worldwide Pte Limited (together, Visa) "in relation to concerns that Visa may have limited competition in relation to debit card acceptance through its dealings with large merchants."
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 payments technology firm Visa claims it has used its artificial intelligence to prevent more than $560 million in fraud affecting Australian businesses during the 2019-20 financial year.
Samsung Electronics has developed a new method for users of its Samsung Pay mobile payment service to verify bigger payments, like those over $100 or $200, without touching a point-of-sale terminal.
Digital payments firm Visa is using the results from a survey about 'tap to phone' payments, a form of contactless payments, to call for the use of such payments to be widely accepted in Australia.
Payment provider Mastercard has begun technical preparations for global expansion of the Click to Play online checkout, along with American Express, Discover and Visa.
Global payments firm VISA has launched Click to Pay in Australia, what it describes as "a simpler and more secure online checkout experience".
MYOB has released new payments and employee management features for its accounting software.
Coles has partnered with flybuys to launch flypay, as a new way for customers to “seamlessly pay” for purchases and collect flybuys points when shopping online at selected retailers.
Fintech firm Airwallex has launched a "borderless card" for businesses in collaboration with Visa.
The Payment Logic group has announced that its two apps, Payment Logic and Yak Pay, have been added to the Xero app marketplace to be available to Xero’s Australian customers.
The total value of B2B cross-border payments immutably stored on blockchain will exceed US$4.4 trillion by 2024 - up from US$171 billion in 2019, according to Juniper Research.
Online retailer Kogan has launched a credit card and loyalty program in partnership with credit card provider Citi.
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.
Sydney public transport commuters using their credit card or mobile device to ‘tap on and off’ Opal enabled train, light rail, Sydney Metro and ferry services are set to receive the same Opal travel benefits as they would using their adult Opal card.
Dud Swans? Wasn’t Swan one of your colleagues once?
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My head is spinning. Did the Feds just gift Telstra a couple bill to buy a business?
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