Monday 24 September 2018
Big bank-backed Beem It launches Aussie payments app — ZDNet — “The Commonwealth Bank, NAB, and Westpac joined forces to create Beem It, allowing the real-time transfer of funds… The app enables sending and receiving money, with an interface reminiscent of a social media app… ‘It’s using Eftpos, and Visa debit card payment rails,’ Beem It chief product and development officer Deepesh Banerji said.”
Westpac launches iMessage shortcut for customers — Westpac — “The new capability offers Westpac customers a shortcut to access banking services while texting with contacts on their iPhone. By clicking on the new Westpac icon in their text conversation window, customers will be able to make payments, generate a Cardless Cash code and share their BSB and account details without leaving their text message. Westpac for iMessage is an extension of the Westpac Mobile Banking App. Customers with iMessage enabled on their iPhone with iOS 11 and the latest version of the Westpac app (v8.4) will be able to use the capability.”
Westpac taps into voice technology with Amazon Alexa Skill — Westpac — “Westpac customers can now access their account balance, recent spending history, and reward points status with Alexa… Westpac customers who have enabled the skill and linked to their Westpac account can ask a range of questions relating to their account balance and last 50 transactions.”
NAB, Westpac and CBA team up with new payments app, Beem — The Sydney Morning Herald — “Three of the country’s banking giants are joining forces to allow instant payments between people or to small businesses via a smartphone, with plans to ultimately roll out a cross-industry ‘digital wallet’… The app will be the first service offered by a new digital payments joint venture that has been formed between CBA, NAB and Westpac… ANZ is not part of the joint venture but it has been involved in some of the discussions with rivals, and it may sign up in the future.”
Westpac reveals ‘PayWear’ wearable payment technology — Westpac — “When speaking with customers, personal style and choice were important. In fact, 70% agreed that they would only wear a wearable device if it suited their own personal style and lifestyle. This is why we will collaborate with iconic Australian designers to create a variety of wearable accessory designs to suit different tastes, preferences and styles.”
Why have we removed Westpac Tap & Pay? — Westpac — “We have removed Westpac Tap & Pay as more customers are choosing to use Android Pay and Samsung Pay for their additional features. We recommend you add your eligible Mastercard or Visa card to Android Pay or Samsung Pay so you can continue to quickly and securely pay with your smartphone at millions of stores worldwide.”
ACCC to question Apple on Westpac chat app payments ban — Australian Financial Review — “Technology giant Apple’s controversial decision to order Westpac Banking Corporation to disable a mobile banking feature that let customers make payments in chat apps such as WhatsApp and Facebook Messenger has caught the attention of Australia’s competition watchdog, amid concerns it could be attempting to remove rivals to its own upcoming service.”
Westpac shock as Apple bans its messaging payments app after three months — Australian Financial Review — “The iPhone maker surprisingly ordered Westpac to remove a key feature of its recently revamped mobile banking application, which let customers make payments in popular chat applications… In a letter to customers, seen by The Australian Financial Review, Westpac reveals that its Westpac Keyboard function will be removed in July.”
Cuscal partners with Samsung Pay — Cuscal — “Samsung Electronics Australia today announced a partnership with Cuscal, Australia’s leading independent provider of payment solutions that will enable 38 financial institutions to offer Samsung Pay… Cuscal joins Westpac, Citibank and American Express as Samsung Pay partners.”
Westpac has become the first of Australia’s big four banks to begin supporting Samsung Pay, taking the service to “millions of Westpac Mastercard and Visa debit and credit cardholders” following its launch in the country with support from American Express and Citibank in June 2016... More
The Australian Competition and Consumer Commission’s (ACCC) decision to rule against a group of banks seeking access to the NFC technology within Apple’s iPhones “stifles innovation” from the banks and other players in the market, according to Westpac’s Dave Curran... More
The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More
Customers of Australian bank Westpac will soon be able to use an innovative replacement for the default keyboard found in social messaging apps such as Facebook Messenger and WhatsApp to make P2P money transfers to friends, family and businesses as well as send cardless cash codes to recipients for ATM withdrawals. More
Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian banks seeking access to the iPhone’s NFC functionality say in their latest submission to the Australian Competition and Consumer Commission (ACCC)... More
The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees Apple imposes on its mobile payment service, and will now focus solely on gaining access to the NFC functionality within the iPhone... More
The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe access to the NFC functionality in the iPhone would allow retailers to provide “a richer and more convenient customer experience”... More
Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with Apple over the introduction of the mobile payments service risks “being left behind” in the development of digital wallets by doing so... More
Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view to setting a precedent for charging for mobile payments on other digital wallets,” Apple claims in its latest submission to the Australian Competition and Consumer Commission (ACCC)... More
Google has launched its Android Pay mobile payments platform in Japan in collaboration with prepaid card provider Rakuten Edy, allowing consumers to make payments with their compatible devices at more than 470,000 locations accepting Rakuten Edy eMoney... More
Customers of Australian bank Westpac can now make mobile payments through Android Pay using their Mastercard debit and credit cards... More
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