Tagged With online payments

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Australians will finally enjoy the ability to send each other money in “real time”, with the launch of the New Payments Platform this week. The platform is a mixture of new processes for settling transactions between banks, guided by the Reserve Bank of Australia.

But while this may make payments faster, it could also make them less safe.

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Letting anyone accept Apple Pay, Android Pay and credit cards on-the-spot, Square's tiny contactless reader puts a pop-up store in your pocket. So how does it stack up against other POS solutions? We tested the pint-sized device to find out.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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Square is a nifty option for those retailers wanting to take credit card payments without hand their cash over to a bank. The company has just announced a bunch of new integrations with various Point of Sale (POS) systems and order management systems.

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The numbers are in: 53% of payments made in Australia are now done with cards or mobile payment apps. Mobile-based tap-and-pay systems have seen a surge in usage of over 200% in the last 12 months. Australians are predicting that our country will be cash free by 2022 (in June, if you want to be really specific). So long, cash! It's been nice knowing you.