Digital ID bill passes senate Communications & Technology The Albanese government finally secured the required support for enabling legislation for the digital ID system in the senate.
Cash now officially a burning platform for Australia Post, ACCC and RBA February 20, 2024 By Julian Bajkowski Economy & Industry Cost shifting aside, what are banks doing about digital exclusion? Not everyone has access to hip apps for real time cash transfers.
Payments industry wants digital ID laws to permit racial markers February 1, 2024 By Julian Bajkowski Economy & Industry Suddenly, banks are interested in people without papers. Forget identity politics, identity monetisation is where digital ID is at.
Bullock blasts banks over expensive, outage riddled NPP services December 13, 2023 By Julian Bajkowski Economy & Industry With the problem-plagued real-time NPP system having issues processing payrolls, the RBA defends consumer right to choose and use cash.
Premium Insights and analysis Banks’ Scam-Safe Accord still a liability-free zone November 27, 2023 By Julian Bajkowski Communications & Technology Institutions try to dazzle regulators with $100 million security jazz hands as imported UK model comes without fraud indemnity airbags.
NAB the next bank to send government-accredited digital identity live for customers October 17, 2023 By Julian Bajkowski Communications & Technology Are institutions looking to monetise ID transactions? You bet. Two banks have raced to switch on digital identity offerings. Buckle-up.
Commonwealth Bank leapfrogs delayed government digital identity launch with ConnectID October 13, 2023 By Julian Bajkowski Communications & Technology Banks are ready to clip the ticket — big time — on new mandated identity services, and milk the verification revenue stream.
Premium Insights and analysis Treasury excises screen-scraping fintechs from the bottom of its shoe September 8, 2023 By Julian Bajkowski Communications & Technology Dangerous screen scraping could soon be banned, with risk appetites changing after millions of Australians had their personal data stolen.
Premium Insights and analysis Real-time reckoning comes to Stephen Jones, RBA and retail banks July 13, 2023 By Julian Bajkowski Federal The world of unintended consequences from technology is boundless. Just add lawyers and some dreamy regulation.
Authenticity tax? Digital Identity guardians slam Facebook’s user verification cash grab February 22, 2023 By Julian Bajkowski Communications & Technology Facebook wants to monetise user authentication. Digital identity advocates are worried this undermines major trusted credential reforms.
RBA governor Philip Lowe blasts banks over New Payments Platform go-slow December 14, 2022 By Julian Bajkowski Economy & Industry Banks are under fire from Australia’s payments systems regulator for stalling the rollout of the controversial new PayTo service.
RBA outage autopsy reveals real-time payments mess November 29, 2022 By Julian Bajkowski Economy & Industry Australia’s central bank has found itself apologising to the very institutions it’s meant to police.
Reserve Bank and New Payments Platform hit by major outage October 13, 2022 By Julian Bajkowski Communications & Technology A serious outage has hit transactions running on the New Payments Platform-powered Osko service on pension day, as the RBA tries to clear a backlog.