Tag Archives: Australia

Investible just led a $1.5 million investment round for Sydney wearable fintech Inamo

By | May 26, 2017

Inamo, the Sydney startup known for making waterproof wristbands and sunglasses that double as a contactless bank card, has secured $1.5 million of seed funding led by Club Investible. Investible’s $1 million contribution is its single largest investment into an Australian-based startup. The other $500,000 was sourced from unnamed private investors. Inamo founder Peter Colbert, who has started… Read More »

Australia – Two arrested for $1.5 million ‘tap and pay’ fraud

By | May 2, 2017

Two men have been arrested for a $1.5 million fraud involving ‘tap and pay’ transactions across Sydney. Police raided homes at Greystanes, Rockdale, West Ryde, Bankstown and Ultimo, as well as a Camperdown storage facility, at 6am on Tuesday, May 2. Guns, replica pistols, prohibited drugs and fraudulent documents were seized. A West Ryde man, 22, and a Greystanes… Read More »

Heritage Bank Trials Visa Wearable For Payments

By | April 19, 2017

Queensland’s Heritage Bank has embarked on a customer trial of a Visa’s wearable payment device. Heritage has launched a wristband with an embedded chip that enables users to leave their wallet at home and make a purchase simply by “hovering” the device over a contactless payment terminal. The waterproof wristband links directly to a customer’s Visa debit account.… Read More »

Australia – Fraud Cases Are Stretching Sydney Police Resources to The Limit

By | April 3, 2017

FRAUD cases are stretching inner-west police resources to the limit. Newtown police crime prevention officer Senior Constable John Tikisci said mail and identity fraud had been “going through the roof in the last five years”. “Police resources are tied up with preventable fraud matters when they can be directed towards reducing domestic violence and alcohol-related crimes which have… Read More »

Westpac to Launch Australia’s First Wearable Payments Devices

By | March 21, 2017

Anyone who has recently complained the big banks aren’t innovative enough to keep up with tech-loving millennials will today be eating their words. Australia’s oldest bank today announced it will launch the country’s first wearable payments devices, along with a new mobile feature, the “Westpac Keyboard”, which will enable customers to make payments within popular social messaging apps.… Read More »

Australia – Identity Theft: Ruthless Gangs Use Fake Driver’s Licences and Medicare Cards for Crime Sprees

By | March 12, 2017

BIKIES, drug bosses and terrorists­ are taking over the identities of innocent people using fake NSW driver’s ­licences and Medicare cards to carry out crimes and avoid police detection. A joint investigation by NSW and federal police, called Project Birrie, has for the first time established the links between identity fraud and serious crimes from 1710 fake documents… Read More »

Inamo the Payments Platform Behind Visa WaveShades – the Latest Innovation in Wearable Ways to Pay

By | January 28, 2017

SYDNEY, 28 January 2017 – Australian start-up Inamo (www.inamo.com) is the payments platform behind Visa’s WaveShades, the prototype wearable sunglasses being trialled at St Jerome’s Laneway Festival music events in five Australian cities between 26 January and 5 February.   The sunnies, which are designed by Local Supply, can make contactless payments thanks to a secure payment chip,… Read More »