Displaying items by tag: PayID

Australian FinTech Cloudfloat has appointed Bob McKinnon as chairman, bringing extensive financial services technology experience. Most recently McKinnon was the non-executive chair of the New Payments Platform (NPP).

Great Southern Bank has implemented access new payments technology PayTo to give customers a digital alternative to direct payments.

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.

The Commonwealth Bank is the first to begin offering the New Payments Platform, through which customers can register a PayID using the bank's app and avoid having to provide their BSB and account number to transfer funds from participating financial institutions.