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New RBA Data Shows Rapid Rise in Digital Payments

Fintech Finance

New data released today from the Reserve Bank of Australia (RBA) , shows Australians continue to embrace the ease of mobile wallets when making payments. ABA CEO Anna Bligh said the data demonstrated that customers were continuing to switch to convenient digital banking channels. .

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. All you need to use a digital wallet is a smartphone. There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years.

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Digital payments data is leaving old underwriting behind

Payments Source

Alternative lending companies are one of the strongest examples of how leveraging rich financial transaction data can be used to go beyond traditional credit risk assessments, says Finsync's Eddie Davis.

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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

These figures reflect Australia’s heavy reliance on digital payments and card-based transactions for everyday purchases and online commerce. However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. million actively issued debit cards?

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Modern payments, outdated systems: Why growth and uncertainty demand agility

The Payments Association

Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. As the world shifts to faster, more efficient digital payment methods, the question remains: Are your payment systems ready? The result?

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Overcoming The Payments Data Integration Hurdle

PYMNTS

” This presents a major hurdle for businesses that want to adopt digital payments methods: If corporations can’t link their virtual payments data into accounting systems, then one of the most captivating benefits of virtual payments is lost. ” U.S.

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Visa Joins Phixius Pilot For B2B Payment Data Exchange

PYMNTS

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement.

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