ACCC Gives Thumbs Up To Big Payments Merger
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September 9, 2021
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The ACCC has greenlit a massive merger between Australia’s three largest payment systems providers: eftpos, BPay, and NPPA. The competition watchdog has... Read More
Afterpay Kills Barcodes For In-Store Payments
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August 30, 2021
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Afterpay is ending the use of barcodes for in-store payments as it moves to transition customers to its NFC-enabled Afterpay Card. In... Read More
Apple Returns Fire At Commbank Chief Over Apple Pay
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August 27, 2021
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Apple has excoriated Commonwealth Bank CEO Matt Comyn over what it labels as “misleading and false” comments made about Apple Pay before... Read More
Afterpay Posts Loss Despite Mushrooming Sales
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August 25, 2021
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Buy-now, pay-later giant Afterpay has posted a net transaction loss of $132.6 million despite almost doubling sales over the past year. Afterpay,... Read More
Oz Card Payments Drop As Online Shopping Grows
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August 19, 2021
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Card payments in Australia have fallen for the first time as the rate of card fraud increases, driven by an uptick in... Read More
End Of An Era: Mastercard First To Ditch Magnetic Stripes
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August 18, 2021
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Mastercard is set to ditch the magnetic stripe from all its cards by the end of the decade as chip cards continue... Read More
Digital Ads Said To Waste $123mil
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August 12, 2021
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Digital media strategy company Next&Co says an average 37 percent, or around $123.3 million in digital media advertising expenditure was wasted by... Read More
ACCC Seeks Input On Eftpos Mega-Merger
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August 6, 2021
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The ACCC is looking into a court-enforceable undertaking offered for the proposed merger of eftpos, BPAY, and New Payments Platform Australia Ltd... Read More
Aussie Top Buyout Hits Sweet Spot For Afterpay And Square
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August 3, 2021
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When the going gets tough, it’s said, the tough get going –and that’s exactly what Australian buy-now, pay-later (BNPL) operator Afterpay has... Read More
Square Plans Terminal With Tap-To-Pay
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July 16, 2021
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Payment platform Square is developing an iPad point-of-sale terminal that will let shoppers more easily tap to pay for purchases. The company’s... Read More
Afterpay Facing US Class Action As Research Predicts Revenue Upsurge
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June 10, 2021
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Australian buy-now, pay-later (BNPL) titan Afterpay is facing a class action in the US from users who claim it has deceived them... Read More
PayPal Muscles In On BNPL, Credit Cards
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June 9, 2021
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Internet payments giant PayPal is taking on Afterpay and traditional banks with not only a BNPL-style “pay in 4” option, but physical... Read More
Afterpay’s Molnar Backs Start-Ups
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May 26, 2021
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Afterpay co-founder and Australia’s youngest self-made billionaire, Nick Molnar, is pouring an estimated $2.2 billion personal fortune into Australian start-ups. Recipients have... Read More
Australian Market Galloping, Says Payments House Square
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May 18, 2021
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Payments technology outfit Square is planning a major hiring spree Down Under, after seeing Australia emerge as its fastest-growing international growth area.... Read More
AfterPay Investor Eyes Glued To Market After Massive Downturn
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May 17, 2021
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Many investor eyes will be anxiously switched to the ASX this morning as the punters wait to see how one-time favourite, buy-now,... Read More
Tyro To Buy Medipass
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May 11, 2021
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Tyro Payments has completed a $22.5 million acquisition of digital health payments business Medipass in a bid to further its presence in... Read More
Zeller Fires New Salvo As Payments War Heats
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May 5, 2021
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The former executive behind fintech Square’s Australian operations has launched his own contender for dominance of the space. CEO and co-founder Ben... Read More
Did You Know Bunnings Has Its Own Version Of The Block?
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April 23, 2021
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In something not far removed from such TV shows as Nine’s The Block, DIY superstore Bunnings has been producing its own renovation... Read More
Zip Soars On Record BNPL Q3 Revenue Growth
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April 14, 2021
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Shares in Australian buy-now-pay-later (BNPL) company Zip have soared more than 11pc, buoyed by the company’s record revenue, transaction volumes and customer... Read More
AfterPay Shares Leap Another 10%
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April 7, 2021
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Shares in buy-now, pay-later leader Afterpay closed at $116.04, up a hefty 10.5 percent on the ASX. The shares also fared well... Read More
Payment Platforms Seek Merger
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March 25, 2021
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Australia’s three major payment organisations – BPay, Eftpos and the New Payments Platform Australia – are asking the Competition and Consumer Commission’s... Read More
ACCC Puts Foot Down On Visa Debit Rates
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March 10, 2021
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The ACCC has slapped credit and debit card giant Visa with a court-enforceable undertaking to stop it from offering cheaper rates to... Read More
Aussie Economy Tipped To Be 98% Cashless By 2024
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March 4, 2021
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The sun is setting on the use of cash for retail payments in Australia, with the economy projected to be 98 percent... Read More
Digital Wallets Get A New Push
SYDNEY: The Commonwealth Bank is offering card users the facility of making eftpos payments via Samsung Pay. CBA users can now choose... Read More
COVID Fuels $7m In Aussie Losses To Online Shopping Scams
More than $7 million has been lost to online shopping scams this year, prompting the ACCC to warn Australians ahead of the... Read More
Kogan Sales Figures Won’t Hold Up Post Pandemic, Warns Morningstar
Kogan shares have been “materially overvalued”, a financial services firm has warned, with investors wrongly expecting the current online sales surge to... Read More
E-tailers Commit To Crackdown On Dodgy Unsafe Products
Four e-commerce giants have signed on to a voluntary pledge to improve product safety, driven by the ACCC. Amazon Australia, eBay, AliExpress,... Read More
EXCLUSIVE: Integra Walks From Amber, Will Onkyo Be Next?
Share listed distributor Amber Technology has lost the rights to the Integra brand with Control 4 taking over distribution in Australia. According... Read More
Lenovo Slashes 20% Off Everything In Its eBay Store
Lenovo Australia is offering 20 per cent off all products in its eBay store in a limited-time promotion. Using the code PLENO20,... Read More
Aussies Warned On PayPal Scam
SYDNEY: Australians have been warned of another PayPal scam creeping into their inboxes. Mailguard, an e-mail security outfit, warns of a malicious... Read More
Struggling To Deliver PS5 PlayStations Sony Now Being Attacked By Samsung
Sony who is struggling to deliver their new PS5 gaming consoles are now in a head on battle with Samsung who are... Read More
Trump Bans Investment In Companies With Links To Optus & Vodafone TPG
US President Trump has signed an executive order banning Americans from investing in a group of Chinese companies that despite having ties... Read More
$27bn Fine Possible As EU Puts Amazon In Competition Crosshairs
Amazon could be slugged with a fine in excess of $27 billion AUD in Europe, as the European Commission charges the ecommerce... Read More
OZ Consumers Back Brands That Deliver Immersive Content Online
Almost seven in 10 Australian consumers say they would buy more from brands that use “immersive technologies” such as 3D content, interactive... Read More
Eftpos Snaps Up BeemIt To Expand Digital Payments
SYDNEY: Debit card provider Eftpos has agreed to buy Australian payments app Beem It, which is claimed to allow users to send... Read More
Big Stock Issues Loom As Victorians Go Shopping Crazy
As Victorians flock into retail stores several looming problems are set to potentially crimp sales right across Australia. They include stock supply,... Read More
Firm Who Collects OZ Data ‘Unlawfully’ Facing $36M Fine
North Sydney-based credit reference agency Experian, who has been caught out ‘unlawfully’ collecting consumer information and then selling it to consumer technology... Read More
Days Of Cash Payments Numbered As 19% Of Aussie Wallets Go Digital
One in five Australians have ditched cash and physical cards to pay with their phone or smartwatch at the checkout. New research... Read More
JB Hi Fi Boss Raises Concerns About Online & COVID-19
JB Hi-Fi chief executive Richard Murray claims 80% of their customers start their journey online. Last month JB Hi Fi attracted 25.6... Read More
Dick Smith: Which Executive Quit In Disgust At Practises & Bags Of Cash From Brands?
Former Dick Smith buyers are up in arms after legal Counsel at the NSW Supreme Court hearing suggested that they were out... Read More
Samsung Pay Adds Eftpos As Mobile Transactions Surge
Samsung users will soon be able to use Samsung Pay for eftpos transactions thanks to a new collaboration between the manufacturer and... Read More
What Will Happen Now That Sound United Has Acquired Bowers & Wilkins?
Sound United, the parent company to Denon, Polk Audio, Marantz, Definitive Technology, Classé, and Boston Acoustics, has acquired UK audio brand Bowers... Read More
MSI Subsidiary Caught Flogging NVIDIA 3080 GPUs At Huge Markup
MSI has been forced to rap its own subsidiary over the knuckles after Starlit Partner was caught selling MSI-branded RTX 3080 GPUs... Read More
Good Guys eBay Sale Slashes 15% Off Everything
The Good Guys is offering 15 per cent off storewide to customers on its eBay storefront for a limited time. Using the... Read More
As Everything Goes Pear Shaped For Huawei Sony & Samsung Plead Their Case
Banned Chinese Company Huawei who are desperately splashing the cash with retailers just to get their products ranged is days away from... Read More
Digi-Checks For All, Big Push For 5G As Govt. Embraces Tech
CANBERRA: The Morrison Government is expanding the use of digital identity checks when accessing services online. Digital identity checks are set to... Read More
Amazon Scanner Puts Payment In The Palm Of Your Hand
Contactless payments could become even quicker with a new palm reader from Amazon. Dubbed Amazon One, the device scans users’ palm prints... Read More
Cyberattack on Global Logistics Giant Gefco Could Cost Company Millions
Global logistics company GEFCO says a mystery cyberattack last week was designed to ‘disrupt’ its business operations across the world, with similar... Read More
How Arlo Was Beaten Up By The Bully On The Block
Amazon has been exposed for trying to nobble competitors to their own products among the brands affected are Arlo who compete up... Read More
Harvey Norman OZ Sales Up 33% *Profits Up 185%
Like JB Hi Fi Harvey Norman is experiencing a sales boom with the Company reporting a 33.8% lift in their Australian sales... Read More