Tagged: ACCC

July 4, 2023 @ 7:19 am By Omar Faridi  |  

The National Anti-Scam Centre will be coordinating an investment scam fusion cell in order to address the growing problem of investment-related scams, which are now costing Australian consumers well over $1 billion a year. The fusion cell will reportedly be led by the ACCC and… Read More

June 17, 2023 @ 4:06 pm By Omar Faridi  |  

American Consumer Credit Counseling, Inc. (ACCC) announced it is urging clients and other consumers to join a pre-order waiting list for its CreditU mobile app, which launches nationwide in October. Powered by ACCC, CreditU is described as “an unparalleled one-stop-shop for all financial needs that… Read More

April 12, 2021 @ 11:04 pm By Omar Faridi  |  

CommBank’s x15ventures has reportedly made a £1 million investment in order to acquire a significant minority stake in Payble, an Identitii bill payment subsidiary. As mentioned on its official website: “Payble™ is a better way to get paid. Improve cash collection, lower transaction costs and… Read More

April 15, 2020 @ 8:04 am By Omar Faridi  |  

North Sydney-headquartered Frollo has introduced a product data API service for banks, which helps data holders with adhering to relevant Open Banking regulations. The API solution satisfies the requirements specified by the Australian Competition & Consumer Commission’s (ACCC) initial guidelines. Frollo is notably one of… Read More

September 9, 2019 @ 11:42 am By JD Alois  |  

Australia is a smaller market by population but it is also a country that has embraced Fintech innovation. The emerging Fintech sector is assisted by a supportive government that has recognized its important role in fostering change that is beneficial to both consumers and business…. Read More

September 3, 2019 @ 8:39 pm By JD Alois  |  

InstaReM is out with a note regarding a report published by the Australian Competition & Consumer Commission (ACCC) on cross border payments/money transfers. Ther ACCC report notes that while most consumers continue to use the big four banks in Australia to move their money, Instarem… Read More

May 21, 2018 @ 9:39 am By JD Alois  |  

The Australian Competition & Consumer Commission (ACCC) has published their 9th annual report on scam activity in Australia.  As one may expect, investment scams posted the highest amount of loss in 2017 with reports to “Scamwatch” and ACORN exceeding $64.6 million (Dating and romance scams’ were… Read More

November 5, 2016 @ 3:50 pm By Jessica Pham  |  

The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks… Read More