Westpac and PoS provider Kounta have partnered to connect the former's Presto Smart payment terminal to the latter's PoS system using cloud-based technology.
Three of Australia's big four banks have joined IBM and the Scentre Group - which looks after Westfield's properties - to launch a digital platform named Lygon which uses blockchain technology to manage bank guarantees that are often needed to lease a retail properly.
The banking industry is increasingly becoming a favourite among cyber criminals, according to security vendor MailGuard, which has detected a new phishing email scam purporting to be from Westpac.
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