Westpac

296 results about this entity

Period: 26 Nov 2004 - 31 Jul 2024

/security

Westpac battles impersonation scams with 'SafeCall'

In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.

/payments

Westpac starts offering debit cards to eight-year-olds

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

/payments

Westpac issues dynamic virtual cards for business customers

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control.

/security

Westpac and CBA step up fight against scammers

Stepping up its fight against scammers, Westpac has introduced real-time Confirmation of Payee security features for consumer and small business customers.

/retail

Westpac helps customers earn $21 million in interest through savings prompts

To provide greater transparency around savings interest rates, Westpac has introduced mobile phone push notifications which alert customers about how they can earn bonus interest on their savings.

/retail

Westpac extends moratorium on branch closures in the bush

Westpac is extending a moratorium on regional branch closures until at least 2027 and investing $100 million in it branch network.

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

/retail

Westpac announces multibillion tech upgrade

Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.

/devops

How Westpac is using Generative AI to speed up software development

Westpac has trained 800 engineers on the use of generative AI tools to speed up software development.

/security

Westpac launches new detection tech to identify potential power of attorney abuse

Westpac is doubling down on its efforts to protect customers with the launch of new alerts that will help identify potential power of attorney abuse.

/wholesale

Westpac turns to Dancerace to simplify invoice finance operations

Westpac is to replace its currrent invoice finance loan system with technology from Dancerace.

/regulation

Westpac fined maximum $1.8 million for "unconscionable conduct" in swaps dealing

The Federal Court has declared Westpac Banking Corporation (Westpac) engaged in unconscionable conduct in October 2016 when executing a $12 billion interest rate swap transaction, the largest of its kind in Australian financial market history.