US-based start-up Pebble has confirmed it will begin shipping its ‘smartwatch’ on January 23, eight months after it smashed its $100,000 Kickstarter goal and raised more than $15 million.
The founder of drive-through coffee franchise Muzz Buzz insists there’s no difference between coffee and car washing, after announcing plans to grow the brand by way of a car wash service.
A new recycling “ATM” will take an old mobile phone and pay an agreed price on the spot, taking the concept of bartering to a new level.
I see so many start-ups that simply waste money, unintentionally (I've invested in them).
Start-ups have been urged to reassure consumers of the security of their sites, after a report revealed 95% of consumers would terminate their relationship with a company if it mishandled their data.
Eftpos Australia has applauded a move by the RBA Payments System Board, which has raised concerns about multi-network debit cards, and is calling for a voluntary agreement on the issue.
Westpac is the latest of the big four banks to launch a mobile payments app, Westpac Mobile PayWay, for small businesses. But how does it measure up to its rivals?
An LA bakery called Sprinkles has installed the world’s first cupcake ATM, answering the prayers of consumers who crave a late-night sugar hit.
The Commonwealth Bank has become the latest bank to target small businesses with its newly launched payments app, which offers near-field capabilities but is limited to iPhone users.
New research reveals more Australians do their banking online rather than visiting a branch, although industry experts say face-to-face service still resonates with small business customers.
A new report has revealed that investors are seeing increased potential in the ATM market, prompting a renewed call for a cap on ATM fees.
Eftpos fraud has almost tripled in the last financial year due to skimming and electronic forgery, according to new figures from the Australian Payments Clearing Association.
Start-up businesses could soon be provided a greater choice in their banking options following a proposed expansion by Australia Post into the financial services industry. The Future Fund is reportedly in talks with the government about rolling out new ‘financial supermarket’ services in a bid to prop up ailing Australia Post branches. David Murray, the Future Fund chairman, has been quoted as saying that Australia Post could provide services including deposits and loans, processing of financial transactions, an ATM network and even superannuation products. The potential move will be watched closely by small businesses, which have consistently complained about a lack of choice and competition in the banking market. The situation has become particularly acute in the last three years, with many lenders refusing to back start-up businesses. Although lending by the ‘big four’ banks has increased, a number of other funding sources has dried up, leaving fledgling entrepreneurs short of options in securing finance. Council of Small Business of Australia chief executive Peter Strong told SmartCompany that he broadly supported the proposal. "We've got to see the detail, but I would be supportive of that measure because it would create something new, and competition in this area is a good thing. We've mentioned our support for the portable account number before, and this is a good example of a situation where you could use it." "In some parts of cities, you still need to drive to the bank and the parking is quite bad, it's too far away from your other destinations and so on. But if you have an alternative post-office nearby, which could even be a smaller venue, you may find that it's easier for you to go there." "I also think it will make it easier for some SMEs in rural areas where there isn't a lot of competition. On terms of ease of access, this will make it much easier for a lot of SMEs."
The Greens will continue to push for new regulation on banks to place caps on savings account charges and ban $2 ATM fees.
The post-election wash-up has continued, with small business advocates demanding a seat at the tax summit table.