Tag: Payment

In the past year, Australia’s payment sector has been transformed by the launch of Tap to Pay technology.

New legislation aims to eliminate inefficiencies, streamline reporting processes, and hold large businesses accountable for their payment practices

Inflation and rising customer demands expose outdated payment systems. These inefficiencies cost businesses: lost sales, high costs, and fraud risk.

In January, CreditorWatch’s Business Risk Index (BRI) showed a historic low in the average value of B2B invoices.

The US is a key player in the global financial system. Yet it appears to be lagging behind the global frontier when it comes to adopting modern payment solutions.

Australia’s Treasurer has asked the RBA to consider mandating payment providers to offer retailers with a multiple network option, allowing payments to be processed more cheaply. 

HR and payroll trends that emerged during COVID-19 are set to strengthen during 2021.

The increasing preference for contactless payments during the COVID-19 pandemic might be here to stay. What payment trends are emerging? Mark Hodgson, Head of Product and Services at Samsung Electronics Australia, noted that there has been growing demand for cashless payment options. “Demand for digital wallet solutions and contactless payments have grown strongly this year […]

New research from MyState Bank reveals covid-19 has accelerated the transition to a ‘less cash’ society in Australia due to concerns about health risks. Research conducted by MyState Bank found that since the pandemic outbreak more than two-thirds (68%) of Australians are using less cash in favour of contactless technology and other digital payments methods. […]

The Payment Times Reporting Bill aims to address late payments and the consequential struggle with cash flow, which is an ongoing problem for Australia’s 3.4 million small businesses, with the negative impacts spreading widely across the broader economy with juggling suppliers. Paying small businesses late creates a back log effect. The Government has been prompted […]