Displaying items by tag: NPP

Commonwealth Bank has taken a 20% stake in fintech Paypa Plane in a move aimed at increasing the uptake of the New Payments Platform's PayTo service.

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.

Bendigo Bank has signed a deal with ASX-listed payments solutions provider Tyro Payments making the latter the exclusive merchant acquiring partner for its business banking customers.

End-to-end payment solution provider Cuscal says it has improved payment platform reliability and reduced downtime, improving the experience for Australians both through traditional means and through 86 400 banking.

Australian banks are expected to have a new system for money transfers which will come into effect from Australia Day next year.

The New Payments Platform set to be introduced in Australia this year could give cyber criminals instant access to transferred funds and limit banks' ability to stop suspect transactions.

Twelve leading financial institutions have committed funding to build and operate new national infrastructure for electronic payments in Australia.

Late this afternoon First State Super made its first public statement on the so-called hacking scandal.  With zero contrition.