Commonwealth Bank has implemented access payments technology PayTo to authorise customers’ payments from their accounts digitally.
The Australian competition watchdog has given the go-ahead for the proposed merger of BPAY Group and its subsidiaries eftpos and New Payments Platform Australia.
Australia's three domestic payment bodies — eftpos, BPAY Group and New Payments Platform Australia — intend to amalgamate and create a new entity, NewCo, in order to cut costs, improve efficiency and compete better with foreign payment platforms.
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