Payments

Payment vendor Verrency has appointed Dickson Chu, a former fintech payments expert for PayPal, to its global advisory board.

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Samsung has teamed up with comparison site Finder to roll out Promoted Cards, a new credit card feature for the electronics giant’s payments platform.

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New research has shown 1.95 million Australians have used buy-now-pay-later digital payments methods such as Afterpay or Zip in the year leading up to September, up by 41 per cent on a year prior, while credit card usage has dwindled.

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Payment technology providers are set to play a crucial role in superannuation as funds ride a wave of industry consolidation, according to a new report, with Australians’ retirement savings to become more vulnerable to data and security breaches than ever before.

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New Payments Platform Australia (NPPA) has published its ongoing development timeline, signalling when it intends to introduce a number of capabilities including ongoing payment arrangements, and support for business payments including payroll, superannuation and e-invoicing.

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