AusPayNet – Payments Monitor
May edition […]
Author: Indue Admin
Posts by Indue Admin
Targeting scams: Report of the National Anti-Scam Centre on scams activity 2023
This is the first annual report on scams activity released by the National Anti-Scam Centre since it was established on 1 July 2023. This report provides insight into scams reported by Australians in 2023 and highlights the impact of government and private sector initiatives to combat scams. Scammers are opportunistic and agile financial criminals. They […]
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RFI Youth Banking Study Webinar
As part of the Indue Leadership series – Cultiv8, we’re proud to invite you to this exclusive customer event in partnership with RFI Global. The Youth Banking Study promises to deliver unique insights on topics related to youth banking, finances and payments, including (but not limited to) financial literacy, banking relationships, payments, the role of […]
Great Southern Bank implement digital banking platform for small businesses
Great Southern Bank, which received Canstar’s award for Customer Owned Bank of the Year in 2022 has launched a digitally-led banking platform for small businesses, supported by Indue’s New Payments Platform (NPP/PAYTO) capability. Using proprietary technology developed by Indue’s partner Constantinople, the new platform will seamlessly integrate with small to medium-sized enterprise (SME) business management […]
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Scam losses decline, but more work to do as Australians lose $2.7 billion
The National Anti-Scam Centre’s collaborative efforts across government, law enforcement, consumer organisations and industry have boosted the community’s fight against financial crime, as the latest Targeting Scams report reveals a 13.1 per cent decline in reported losses to $2.74 billion in 2023. The report compiles data reported to Scamwatch, ReportCyber, the Australian Financial Crimes Exchange […]
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Indue AML Forum 2024
As part of the Indue Leadership series – Cultiv8, we’re proud to invite you to this exclusive customer event presented by KordaMentha and ICMEC Australia. Operating within the payments industry comes with an obligation to minimise the opportunity for payment systems to be misused. This is driven by regulatory compliance, a desire to minimise losses […]
Regulation, challenges, innovation: Inside AusPayNet Summit 2023
The Indue team was excited to sponsor and attend last week’s AusPayNet Summit, an annual end-of-year highlight for the payments sector, bringing together industry experts, decision-makers, innovators, and regulators for stimulating discussions on the future of payments in Australia. The theme of this year’s AusPayNet Summit 2023 ‘A Turning Point’ – focused on how the […]
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Connect ID
The innovation function at Indue focuses on new opportunities that solve existing problems or create new opportunities for our clients. An area we have been exploring is in the Digital Identity space with AP+ Connect ID solution. What is Digital Identity and what is its purpose? A digital identity is typically defined as a relationship […]
Empowering insights from Women in Payments
Our dedication to nurturing our team’s growth is more than a commitment – it’s part of our DNA. Last week, a delegation of Indue leaders engaged in vibrant conversations at the Women In Payments Australia Symposium, an event that aligns with the Indue ethos of fostering continuous learning and empowerment within our team. This year’s […]
Development of industry Confirmation of Payee Solution
Australian Payments Plus (AP+) has resolved to work with NPP Participants to deliver a Confirmation of Payee service for payments made using BSB and Account numbers. Confirmation of Payee will help reduce certain types of scams that involve misdirection of payment to an account that does not belong to the intended payee as well as […]
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