Description
Since the Reserve Bank of Australia’s Payments System Board endorsed an industry proposal for new real-time payments infrastructure in 2013, the Australian retail consumer market has experienced a major shift as the range of point-of-sale (POS) hardware, and software solutions offered by fintech start-ups and independent POS technology vendors has grown.
These independent third-party solutions are aiding a democratisation effort in Australia to provide simpler payment technology integration to merchants with an improved return on investment. As a result, Australian banks are now under increasing pressure to retain their long-standing relationships with incumbent merchants and customers, despite their extensive resources, brand recognition and wealth of data.
The Payments Landscape in Australia – Table of Contents
- 1.0 The Banking Perspective on Australian Payments Landscape Trends
- 1.1 The Evolution of Point-of-Sale Systems Available to Australian Merchants
- 1.2 The Advanced Capabilities of Australian Point-of-Sale Technology
- 1.3 Factors Driving Australian Banks to Adapt to Competitor Innovation
- 2.0 Australian Bank Adaptation to the Changing Payments Landscape
- 2.1 API Reconfiguration for Value-Add Services
- 2.2 Leveraging Fintech Thinking
- 2.3 Payments Services Development Cases
- 3.0 Future Technology Structures of the Global Payments Landscape
- 3.1 The Opportunities Presented from a Level Global Payments Field
- 3.2 The Transformation of Banking Services and Identity
- 4.0 Appendices
- 4.1 Glossary of Terms
- 4.2 Table of Figures
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