Australia

The U.S. charged 36 people in a takedown of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware.

The bank's commitment in the last couple of years to an "agile" environment of rapid testing and learning produced answers within a couple of months.

Bankwest customers in Australia may soon be making payments with a fist bump.

Australia has a high ratio of consumers using contactless payment cards, while mobile payment adoption has lagged because of some large banks’ aversion to supporting Apple Pay and slower uptake in the region for Android Pay.

Three of Australia’s largest banks—Wespac, Commonwealth Bank of Australia and the National Australia Bank—have joined forces for a mobile wallet joint venture called Beem, with person-to-person payments as the first use case.

Square Inc.'s addition of mobile chip-and-PIN in the U.K. and Australia markets is setting a precedent that some in the U.S. are loath to follow.

An Australian company is introducing its own version of bitcoin that will let homeowners and businesses sell excess energy generated from their rooftop solar panels to neighbors, without a middleman taking a cut.

The Commonwealth Bank of Australia money-laundering scandal has damaged the public's perception of the whole banking sector, according to the head of the industry's lobby group.

Apple and Australia's largest banks have been battling for more than a year over mobile payments access.

One of Australia’s largest banks, Westpac, is the first of the country’s biggest four banks to adopt Samsung Pay, expanding customers’ contactless mobile payment options.

Australian regulations recently denied banks the right to negotiate with Apple Inc. to directly add Apple Pay to their digital apps, but the victory may do little for Apple, considering consumers in the country appear to have little interest in using mobile wallets.

Australia's government says the country's large banks cannot collectively bargain with Apple over terms of support for Apple Pay, ending a public battle between Apple and the banks that has lasted at least a year.

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

The battle between banks and Apple Pay in Australia has global implications, but there is a notable rift within the banks' ranks that drives home just who benefits and who suffers by Apple getting its way.

While Apple battles a group of large Australian banks over terms of its mobile payments app, it has entered separate deals with ING Direct and Macquarie.

The group of Australian banks that want to collectively bargain with Apple over terms of its Apple Pay app have sharpened their focus to an area the technology giant is likely to defend fiercely.

Westpac in has been aggressive in supporting and adopting emerging merchant and payment technology in Australia.

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

Sydney-based Octet Finance, a provider of supply chain management and financing tools for small and midsize businesses, has formed an alliance with Mastercard enabling users to make cross-border payments using their existing Mastercard credit and debit card accounts via virtual card technology.

Apple Inc. scored a victory in the global battle to control the future of mobile payment technology after the Australian competition regulator refused to grant a group of local banks permission to negotiate collectively over the introduction of Apple Pay.