Displaying items by tag: Payment Systems

Facial recognition systems are coming to South Korea in 2025 but not necessarily for surveillance of citizens as in China.

Payments technology and Open Banking company Waave has announced the introduction of the Waave Wallet to house its upgraded Pay by Bank product, a real-time account-to-account payment method which now features “industry-leading” biometric security access - a first for payment methods in Australia.

One of Australia's two big supermarket chains, Coles, was hit by an IT outage for a little over four hours and forced to shut its outlets, with shoppers unable to complete purchases due to an inability to process payments.

The use of the EMV technical standard for smart payment cards, as with other encryption and token technology at the transaction inception points, will not eliminate the malware threat, a senior official of an endpoint security company says.

Customers of multi-currency payment system Pin Payments will have access to lending services of online provider of unsecured loans, Moula, in a deal put together by the two companies.

Accounting, payroll and payments systems provider, Sage, has partnered with Salesforce to develop a cloud version of its HandiTax solution as well as a practice management app, which it will bring to the global market later this year.

Australian non-bank payment provider, Ezidebit, has launched a new cloud software offering which it says allows businesses to process any invoice payment method - online, direct debit, credit card or BPay - from a single unified platform.

PayPal has joined eftpos and will connect directly to the new, real time, centralised payments infrastructure, eftpos Hub, next year.

The use of contactless cards for payments is picking up in the Australian market with the technology starting to gain traction and greater acceptance by banks, merchants and consumers, according to a newly released study.

Eftpos has strengthened its Australian executive team with two new appointments as it aims to leverage its national payments infrastructure and bring new products and services to the market.

Almost a third of Australian businesses say electronic (non-card) payments are critical to them, according to a new survey.

Global payments vendor Stripe has taken on PayPal and launched its payments platform in the Australian market.

Merchant EFTPOS payments provider Tyro says it expects a significant reduction in payment fraud next year with the decision by the ACCC to grant authorisation to Visa and MasterCard to abolish the use of signatures for purchases over $100.

Leading Islamic Financial Institution Goes Live With Alaric's High Performance EFT Authorization And Routing System