The ACCC has formally released the Competition and Consumer (Consumer Data Right) Rules, which it says is is a “key development” in progressing the Consumer Data Right in banking.
Big four bank Westpac will finally catch up with the rest of the industry, making a commitment on Thursday to deliver Apple Pay for its customers by June next year.
Australian bank Westpac and automated debtor management and fee finance solutions provider FeeSynergy have collaborated to offer an integrated digital payment solution designed for the accounting industry.
A surprisingly high proportion of MIT's Center for Information Systems Research sponsors are Australian organisations.
A Telstra outage hits ATMs and eftpos machines around the country on Thursday, with the problems beginning at about 3pm.
Westpac and PoS provider Kounta have partnered to connect the former's Presto Smart payment terminal to the latter's PoS system using cloud-based technology.
Three of Australia's big four banks have joined IBM and the Scentre Group - which looks after Westfield's properties - to launch a digital platform named Lygon which uses blockchain technology to manage bank guarantees that are often needed to lease a retail properly.
The banking industry is increasingly becoming a favourite among cyber criminals, according to security vendor MailGuard, which has detected a new phishing email scam purporting to be from Westpac.
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.
Tasmanian communications company TasmaNet has appointed Elizabeth Aris as chief executive to replace Joel Harris.
Westpac is the last remaining big Australian banking institution not to offer Apple Pay, after another holdout, NAB, announced that the service had gone live for its customers on Tuesday.
Westpac and National Australia Bank customers will have to wait awhile to use Apple Pay, with both banks unwilling to give any indication when they would provide the digital payment option.
The Commonwealth Bank has announced that Apple Pay will be available to use with personal debit and credit cards from CBA and Bankwest from today (Wednesday, 23 January).
The Commonwealth Bank appears to have thrown in the towel as far as keeping Apple Pay out goes, and has said the payment option will be made available to its own customers and those of Bankwest.
The Commonwealth Bank's five-year agreement with Australia Post, which will see the bank invest in banking services provided by post offices around Australia, including in regional areas, has led to a call for the other big banks to do their own deals to provide greater banking services in the regions.
Australia’s big four banks have been heavily criticised in a new report by a global analyst firm, which says digital money management provided by their mobile apps is minimal at best – and their apps don’t reflect the banks’ vision of helping customers improve their financial well-being.
The Australian Government is investing more than $600,000 in a program aimed at training high school students in digital security skills.
Westpac has launched a pilot program to encourage up to 100 female high school students in Sydney to gain valuable science, technology, engineering and maths skills.
In 2018, one would think that banks in Australia, especially one of the so-called big four, would have their online operations sorted. In the case of Westpac, that does not appear to be the case.
Westpac Live customers will be able to use simple banking commands on the Echo Spot, Amazon's latest voice-enabled and touchscreen smart assistant, from today.
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