Westpac Institutional Bank (Westpac) has partnered with the founder of Australia's leading intra-school payments system, Scotney Group (Scotney) to launch its cashless payments solution across other segments such as aged care, mining and universities with the potential to take approximately $65 million in cash out of circulation in its first year alone.
Westpac has begun trialling a Google Glass app which lets users keep an eye on their balance and outlined plans to install Apple's iBeacon technology in branches.
Westpac is investigating the cause of a technical problem that has hit its new online and mobile banking platform, locking out customers since Wednesday afternoon, Australian time.
Commonwealth Bank of Australia has released a mobile NFC-based payments application for Samsung handsets, just ahead of rival bank Westpac, which has abandoned plans for sticker-based payments in favour of a fully-fledged mobile roll-out early next year.
Westpac's New Zealand arm has sent out an SOS to the UK's geeks, launching a mobile and Web banking app design competition, which will see the winning developer score a trip down under.
The New Zealand arm of Oz bank WestPac is poised to launch an app for the Sony SmartWatch, enabling customers to check their balances from their wrists.
Customers of Aussie bank Westpac have been unable to access their online accounts via desktop, mobile and tablet devices for more than nine hours.
Westpac is launching an initiative to crowdsource ideas for mobile banking apps from New Zealand developers and designers, with up to $70,000 of prizes for the winning applications.
Australia's banks have brought in KPMG to manage a programme to build an industry-wide real-time payments platform by 2016.
Dismissing forecasts of the bank branch's imminent demise, Westpac has committed A$240 million to a major, tech-heavy overhaul designed to bring its network into the 21st century.
© Finextra Research 2014