ASIC are in the finalisation stage of updating Regulatory Guide 165, which governs Internal Dispute Resolution processes within Financial Firms, which becomes effective December 2019. […]
Category: Industry News
Card-Not-Present (CNP) Fraud Mitigation Framework
Card-Not-Present (CNP) Fraud Mitigation Framework. The banking industry has commenced the execution phase of this framework, which aims to tackle the most prevalent type of card fraud. […]
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New Payments Platform (NPP) – Mandatory Compliance Regime
The NPPA looks to ensure quality and security for the New Payments Platform through the NPP Mandatory Compliance Framework.
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eftpos: Making Digital In-roads (Digital Acceptance Pilot)
eftpos, in conjunction with Indue clients, has successfully conducted a digital transaction in the Digital Acceptance Pilot program. […]
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Open Banking Update: Consumer Data Right Legislation (CDR)
Open Banking Update by Indue – The Federal Government recently passed the Consumer Data Right (CDR) legislation, which ushers in the new era of Open Banking for the financial sector. […]
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Insight: The Disruptive Threat
Everyone in Financial Services has seen a headline with dire warnings of “disruption” – by one of the Internet Giants like Amazon or Facebook, or by a regional FinTech startup in Australia. Industrie&Co explains how financial services providers can respond to the disruptive threat. […]
ASIC seeks consultation on school banking review
ASIC is seeking the public’s view of school banking programs as part of its ongoing review of their use and impact in primary schools. Link to Consultation Paper included.
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NPP Strategic Focus – The Road Ahead
Since the launch of the New Payments Platform (NPP) in early 2018, the payments industry has collectively made over 55 million accounts accessible to NPP payments, registered more than 2.8 million PayIDs and continue to make 500,000+ NPP transactions on a daily basis. In addition to the new payment stream gaining steady momentum, the NPPA will be sharpening their strategic focus for the near future on the back of critical findings commissioned by the RBA. […]
eftpos Tokenisation – Making Headway in 2019
eftpos has extended its reach in both the mobile payments ecosystem and merchant choice routing initiative and will be continuing its journey into tokenisation. […]
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Mobile Payments Initiatives – What’s on the Cards for FY20?
Since the last quarterly industry update, Indue has successfully launched our Mobile Payments solution with Apple Pay and Google Pay alongside our lead client, BankVic. There was strong customer uptake on the outset with a steady increasing trend in both customer sign-up and mobile transactions. […]
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