Payment innovation news stories - Page 2
Merchant choice routing: A process to significant savings for businesses
Merchant choice routing offers businesses the ability to override these defaults in the card and use the smarts in the terminal to process the transaction via the lowest cost network.
Frost & Sullivan
APAC's B2B payments market shows promise in turbulent times
The analysts find that B2B payments revenue is estimated to double, reaching $1,356.28 billion by 2025. This is up from $671.32 billion in 2018 and represents a compound annual growth rate (CAGR) of 10.5%.
COVID-19 highlights need for instant, real-time payments - GlobalData
“The ability to send money to a contact and have them be able to use it right away presents a powerful tool for families and communities to support each other through the present hardship.
Kiwis 'considerably' more likely to use biometric payments than Australians
The report finds 64% of New Zealanders are familiar with biometrics and 68% have used fingerprint recognition.
PPRO accelerates growth in APAC with new addition to leadership team
"Phua's appointment marks the strategic importance of the Asia Pacific region to the company."
Unisys integrates PayCargo payment processing into software
PayCargo payment processing services can be integrated into the Unisys operating modules of Digistics to offer clients real-time payment processing.
Preparing for eInvoicing requirements
The New Zealand and Australian governments are working on a joint approach to create trans-Tasman standards to eInvoicing that’ll make it easier for businesses in both countries work with each other and across the globe
Mastercard opens Global Tech Hub in Sydney
"Enterprises, SMEs or startups are now able to bypass legacy approaches and develop innovation at an accelerated pace."
New solution helps small businesses get paid anywhere, anytime
A common gripe among start-ups and small businesses is the issue of payment, and this new solution from Westpac hopes to resolve that.
Kiwis, it's time to ditch the loose change and go cashless, says MYOB
Ten years from now cash and ATMs as we know them could be extinct as the cashless economy becomes well entrenched in everyday life.
Why the shift to a digital economy is accelerating in Aus
“The continued shift to digital payments is not surprising given how connected and mobile our society is."
Payment Express and Oxipay join forces with a trans-Tasman partnership
The partnership will see Oxipay rolled out widely as a key digital wallet payment solution.
Visa carves out security roadmap for consumer payment technologies
The payments industry should now be almost ready to embrace the future of consumer technologies like biometrics, says Visa.
Interview: zipMoney on disrupting the consumer credit market & that $40m Westpac investment
They knew that Australian consumers were unhappy with credit cards and other debt facilities - especially millennials.
Innovation or irrelevance: The price of digital disruption
Amazon is just the latest guise of the combined business threats of innovation and competition in the marketplace.
NSW payment security provider scores advisory deal with PwC
"There is no certainty that the payee name an authorising officer sees on the payment screen or payment report is the actual recipient of the funds."
Legacy payment systems causing dire survival concerns for AU businesses
59% of AU companies yet to adopt modern payment practices are at risk of failing in the next three years, while 19% are at moderate risk of collapse.