Westpac Bank has signed a settlement agreement with the New Zealand consumer watchdog, The Commerce Commission, admitting it breached the Credit Contracts and Consumer Finance Act 2003, and agreeing to make payments to customers totalling $3.7 million.
A first-of-its-kind feature in Australia has launched through Samsung Pay and comparison service Finder, promising to take "shopping for credit cards to the next level of convenience" via Samsung's "Samsung Pay" digital wallet mobile payment app.
Global credit/debit card provider Visa has partnered with fintech Payment Logic to launch Yak Pay, a company providing small businesses with the ability to use digital payments when paying non-card accepting suppliers.
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