Australian banks will be forced to accept digital payments as part of new rules

Australian banks will be forced to accept digital payments as part of new rules

By Sarah Ainslie Catallus The banks are taking a gamble, one that could prove costly.

The Government is launching a new digital payments system, which will allow banks to accept online payments for a fee, without the need to be registered with ASIC.

In the meantime, the Australian Financial Market Operator (AFMCO) will be providing the banks with information on what payments are accepted, when and to whom.

The regulator will also be able to check that payments are authorised by the Financial Conduct Authority, which is responsible for enforcing the law around money laundering and financial crimes.

As a result, customers who have a bank account will not be required to be authorised by ASIC to make online payments.

Instead, they will need to enter the relevant PIN number and other details.

Under the new system, the AFMCO will have the power to require a bank to confirm a customer’s PIN number with the authority before they can make payments.

The new system is designed to speed up transactions, and it will be a major step forward in the Australian banking industry, which has struggled to find ways to keep customers online.

The AFMCo is expected to release a final draft of the new rules later this year, but the regulator said it will make the changes after reviewing the information it receives.

The rules will require banks to register with the AFSO as well as with ASIC, allowing them to confirm customers’ identities and their PINs and verify whether they are authorised to make payments through the system.

The changes are expected to make the system easier to use, with a greater range of services and a clearer flow of payments between banks.

The Federal Government is set to introduce its own digital payments scheme later this month, with the new payments system to be rolled out by the end of March.

Topics:consumer-finance,financial-market,industry,bankers-and-credit-unions,digital-money,australiaFirst posted April 18, 2020 13:17:20Contact the writer

개발 지원 대상

2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.

Back to Top