Australia

Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned
Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned
January 02, 2020  |  B2B Payments

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance...

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Australia Chooses eInvoice Partners Ahead Of Standardization
Australia Chooses eInvoice Partners Ahead Of Standardization
December 30, 2019  |  B2B Payments

Australia continues to make progress toward its eInvoice standardization initiative and has chosen its accredited partners to provide approved eInvoice services. The Australian Taxation Office...

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Payroll Automation Blamed In Aussie Underpayment Scandals
Payroll Automation Blamed In Aussie Underpayment Scandals
December 26, 2019  |  B2B Payments

A string of underpayment cases that have emerged across Australia in recent months is raising concerns over corporates’ reliance on automated payroll and accounting platforms,...

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Data Standardization’s Path To Faster Supplier Payments
Data Standardization’s Path To Faster Supplier Payments
December 13, 2019  |  B2B Payments

One can’t move money without moving information — a fact that’s particularly true for the B2B payments space, in which remittance and transaction data is...

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Mastercard Pilots Digital ID Verification Program In Australia
Mastercard Pilots Digital ID Verification Program In Australia
December 11, 2019  |  Mastercard

Mastercard is launching a new digital resource that has the potential to instantly authenticate someone’s identity in a secure manner, the company said in a...

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MessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand
MessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand
December 08, 2019  |  B2B Payments

MessageXchange has announced that it is the first PEPPOL-certified eInvoicing Access Point service provider in Australia and New Zealand. Earlier this year, Australia and New...

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Australian B2B FinTech Tyro Is Bright Spot In IPO Debut
Australian B2B FinTech Tyro Is Bright Spot In IPO Debut
December 06, 2019  |  B2B Payments

Australian B2B FinTech Tyro Payments recently listed on the Australian Securities Exchange (ASX) and saw its share price increase 29 percent above its IPO price...

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Westpac Chief Exits Amid Money Laundering Accusations
Westpac Chief Exits Amid Money Laundering Accusations
November 26, 2019  |  Personnel

Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. The country’s second-largest retail bank...

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Australia’s Westpac Nailed For 23M AML Violations 
Australia’s Westpac Nailed For 23M AML Violations 
November 20, 2019  |  Security & Fraud

Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime...

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