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ACCC Gives Thumbs Up To Big Payments Merger

Jake Nelson September 9, 2021 No Comments

The ACCC has greenlit a massive merger between Australia’s three largest payment systems providers: eftpos, BPay, and NPPA. The competition watchdog has accepted a court-enforceable undertaking offered by the trio,…

Afterpay Kills Barcodes For In-Store Payments

Jake Nelson August 30, 2021 No Comments

Afterpay is ending the use of barcodes for in-store payments as it moves to transition customers to its NFC-enabled Afterpay Card. In an email to customers, the buy-now, pay-later giant…

Apple Returns Fire At Commbank Chief Over Apple Pay

Jake Nelson August 27, 2021 No Comments

Apple has excoriated Commonwealth Bank CEO Matt Comyn over what it labels as “misleading and false” comments made about Apple Pay before a parliamentary joint committee. In a statement made…

Afterpay Posts Loss Despite Mushrooming Sales

Jake Nelson August 25, 2021 No Comments

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, which is set to be acquired by US…

Oz Card Payments Drop As Online Shopping Grows

Jake Nelson August 19, 2021 No Comments

Card payments in Australia have fallen for the first time as the rate of card fraud increases, driven by an uptick in online payments. New data released by Australian Payments…

End Of An Era: Mastercard First To Ditch Magnetic Stripes

Jake Nelson August 18, 2021 No Comments

Mastercard is set to ditch the magnetic stripe from all its cards by the end of the decade as chip cards continue to dominate. With global EMV chip transactions now…

ACCC Seeks Input On Eftpos Mega-Merger

Jake Nelson August 6, 2021 No Comments

The ACCC is looking into a court-enforceable undertaking offered for the proposed merger of eftpos, BPAY, and New Payments Platform Australia Ltd (NPPA). The consumer watchdog is seeking industry views…

Aussie Top Buyout Hits Sweet Spot For Afterpay And Square

Computer Daily News August 3, 2021 No Comments

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 done, as it moves to dominate the ever-crowded…

Square Plans Terminal With Tap-To-Pay

Computer Daily News July 16, 2021 No Comments

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 current Square Stand, launched in 2013, features a…

Afterpay Facing US Class Action As Research Predicts Revenue Upsurge

Computer Daily News June 10, 2021 No Comments

Australian buy-now, pay-later (BNPL) titan Afterpay is facing a class action in the US from users who claim it has deceived them via misrepresentations in its marketing material about fees…