Waave

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Surcharging in Australia is back in the headlines this week. When surcharging is banned (as it inevitably will be), it will be a win for consumers, but it will divide merchants across Australia and drive the next big era in payments – one that consumers have been holding out for. Waave CEO Ben Zyl shares his thoughts on the future of payments with RetailBiz. #payments #paybybank #payto #surcharging https://lnkd.in/gJFwvmY7

Almost half (43 percent) of Australian retailers fell victim to cyber attacks or data leaks over the last 12 months. That's a sobering number. One of the main ways hackers do it is through card fraud. ABS figures show one in 10 (8.1%) Australians experienced card fraud in 2022-23. Our CTO Peter Traianou shares his thoughts on how payments can impact a retailer's risk profile and why modern Account-to-Account options like Pay by Bank are the way forward for fast, convenient, and safer payments. #payments #paymentsecurity #paybybank #a2a

A great take on the state of global real-time payments from Arthur Bedel 💳 ♻️. From cross-border, to peer-to-peer, to online checkouts, this is a great summary of the opportunities, major players and benefits of RTPs.

And the winner for the Emerging Fintech Organisation of the Year Award is…. 🏆Waave 🏆 Sponsored by 1835i #Finnies24 Mastercard

🏆 Our team was incredibly proud to accept the award for Emerging Fintech Organisation of the Year from 1835i's Justin Greenstein at last night's fantastic #finnies Awards. Congratulations to all the deserving winners and finalists. Our co-founders Peter Traianou and Ben Zyl had a ball. Thanks to FinTech Australia for putting on a fabulous event! Mark Connolly

We are excited today to announce a new partnership with Mint Payments Limited to introduce our Pay by Bank solution across the travel industry. This agreement will pioneer real-time, account-to-account consumer payments in the travel agent sector, bringing choice and innovation to the market. Travel is a space that is ripe for real-time payments. This Pay by Bank integration provides an important value-add for Mint's merchant base, including automatic receipting and bank reconciliation. For travel consumers, Pay by Bank provides secure, real money payments at a click - no matter the size of the transaction. Thanks to TechDay Australia TechDay New Zealand for sharing this news. #paybybank #realtimepayments #paymentsinnovation #paymentsaustralia Ben Zyl Alex Teoh https://lnkd.in/gsH7gFRr

Waave CEO Ben Zyl weighs in on this year's Federal Budget, questioning why the government is still dragging its heels on the Consumer Data Right (CDR) and what has come of last year's $88million to grow and promote the scheme. Read his take at SmartCompany.

Australians are still in the dark about Open Banking. Our latest survey shows a troubling lack of awareness that is putting consumers at unnecessary cybersecurity risk and depriving them of the financial benefits. However, those knowledgable of the concept believe Open Banking will result in financial gains and a fairer payments and banking system. We agree! It's high time the government mandates the use of Open Banking for data sharing. Without this, Aussies will stick to what is familiar and continue to miss out on the benefits. Thanks to TechDay Australia for sharing this research. #openbanking #CDR #payments https://lnkd.in/g2qBanYP

Last week we announced the introduction of the Waave ‘Wallet’ to house our upgraded Pay by Bank product, a real-time account-to-account payment method which now features industry-leading biometric security access - a first for payment methods in Australia. With millions of Australians impacted by cyber breaches in 2023 - particularly in the retail space - issues such as password security and saved payment details are becoming increasingly problematic for merchants and consumers looking to protect themselves. We are solving for this with a multi-factor authentication layer using the latest in biometric technology for the web, allowing customers to leverage their device fingerprint or Face ID to authenticate themselves before authorising the payment from their bank account. That means speedy, frictionless payments that reduce the risk of fraud and transaction disputes. Read more at The Paypers: https://lnkd.in/gdjf5gXK