Australian payments fintech Verrency has appointed former Westpac tech chief Robert Wilson to its board.

Rates of domestic payment card fraud decreased for the first time in Australia, while growth of card-not-present (CNP) fraud fell drastically over the 2018 calendar year, according to the latest figures from the Australian Payments Network (AusPayNet).

Kiwibank has announced that from March 2020 it will no longer issue and accept cheques across its banking network, citing a steady decrease in cheque use and customers’ increasing preference for digital payments services.

Centrelink has successfully fast-tracked welfare payments through the new payments platform (NPP), allowing the welfare agency to dispense funds in real-time.

AusPayNet, the payments industry’s self-regulatory body, has searched within to find its next chief executive.

A shameless gimmick, an everyday tool, or a digital payments revolution? The verdict may still be out, but one year on from its launch, Bankwest has hailed its novel, ring-based payments solution – dubbed 'Halo' – an unalloyed success, with more than a quarter of all Halo customer purchases made through the device.

SWIFT, the global standards body and network for cross-border financial transactions, has announced the release of a new cloud-based transaction fraud detection service.

Bankwest has released a new ‘tap and go’ wearable payment device, touted as “Australia’s first” payment ring.

The Commonwealth Bank (CBA) has signed a new deal with payments developer Mobeewave which will allow small businesses to instantly accept credit card payments through their smartphones.

Three of Australia’s big four banks have announced they will join forces to develop, invest in and market an instant payment app for mobile smart devices.