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Top News In Payments: FreshBooks Unveils Same-Day Deposits; Amazon Australia Teams With Zip Co

PYMNTS

In today’s top payments news, FreshBooks has integrated with JPMorgan Chase ’s WePay to provide small businesses with same-day as well as next-day deposits. Also, Amazon Australia is teaming with buy now, pay later (BNPL) startup Zip Co. Amazon Australia Integrates BNPL Startup Zip Co. News of the tie-up triggered a 24.1

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Commonwealth Bank profit jumps to $5.15bn amid rising interest rates

TheGuardian

Australia’s biggest lender attributes stronger result to volume growth and a recovery in margins Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast The Commonwealth Bank of Australia has delivered a jump in half-year profit as it benefited from rising interest rates (..)

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National Australia Bank reports 8.8% lift in cash profit to $7.7bn

TheGuardian

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading. The cash result, up 8.8%, was booked during a 12-month period of fast-rising interest rates that has helped the wider banking sector print profits by increasing borrowing rates at a faster pace than deposits.

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Big Tech Compliance Tracker: Amazon Looks To Increase Fees With Digital Tax In Spain; Google Might Make Search Inaccessible In Australia

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Google Raises Specter of Making Search Inaccessible in Australia. 21, according to the report. .

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An Australia With No Google – A Search For Search? 

PYMNTS

22), Google has said it might pull out of the country if changes are not made to the proposed news media bargaining code. That code would, in broad terms, mandate that companies such as Google and Facebook would bargain with content publishers, specifically over the value of the news that is distributed over Big Tech platforms.

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Deutsche Bank Debuts Cash Management In Australia

PYMNTS

Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. There were 14 new jobs added to support the new Australia location, including John Godlonton of Deutsche Bank Singapore, who will act as the head of cash product for Australia.

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Competition watchdog overruled as tribunal gives ANZ-Suncorp merger go-ahead

TheGuardian

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading. An August decision by the Australian Competition and Consumer Commission declining to authorise the acquisition was overturned in a landmark judgment on Tuesday.

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