Australia

ASBFEO Calls For Supply Chain Financing Fairness
ASBFEO Calls For Supply Chain Financing Fairness
February 10, 2020  |  International

A position paper released by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), calls for a fairer approach to supply chain financing....

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Reuters, KPMG Team For Aussie Business Taxes
Reuters, KPMG Team For Aussie Business Taxes
February 06, 2020  |  B2B Payments

Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with fringe benefits taxes...

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Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency
Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost...
February 06, 2020  |  News

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the...

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Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
February 05, 2020  |  Payment Methods

Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and Mastercard, when retailers...

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Australia’s Toll Suffers Ransomware Attack
Australia’s Toll Suffers Ransomware Attack
February 05, 2020  |  Security & Fraud

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays...

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Reverse Factoring’s Late Payments Controversy
Reverse Factoring’s Late Payments Controversy
February 03, 2020  |  B2B Payments

The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices, and as some...

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Accounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting Firms MYOB, Xero Eye Invoice Finance Solutions
February 02, 2020  |  B2B Payments

Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses...

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CBA Invests $200M In Klarna For Australian Rollout
CBA Invests $200M In Klarna For Australian Rollout
January 30, 2020  |  Payment Methods

The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna, the buy now, pay later service for shoppers, both...

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Aussie Telecom’s Supply Chain Financing Criticized
Aussie Telecom’s Supply Chain Financing Criticized
January 28, 2020  |  B2B Payments

Australian telecommunications giant Telstra neglected to tell its smaller suppliers in a timely manner that they would be moved to supply chain ­financing, The Australian...

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