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​In 1993, Visa became the first payments network to apply neural networks to calculate, in real-time, the ‘riskiness’ of a transaction.

Three years after its launch, Australian payments startup, Airwallex, has gained unicorn status following fundraising of US$100 million, valuing the company at more than $US1 billion.

Sydney commuters from today are able to tap their credit or debit card, or smart wallet device instead of their Opal card to travel on metro trains.

​Transport for New South Wales today launched its ‘Future Transport Digital Accelerator’ in Sydney to help start-ups collaborate with the agency and industry to “solve real customer needs”.

Samsung Pay can now be used by NAB customers, making the smartphone mobile wallet the first to be compatible with all of the Big Four Australian banks.

Over the last few years, thanks to the cloud, technology buying within businesses has changed. If your business uses Salesforce, for instance, it's likely because the marketing team signed up without ever asking IT about it and the service spread inside the company until you had to formally evaluate and standardize on it. Your CFO might have been the reason you're now using NetSuite. Get used to the same thing happening with developers as well, and this time for services beyond what you might normally think as part of the IT department's purview.

Last week, at the Wearable World Congress in San Francisco, executives from Capital One, MasterCard and PayPal participated in an animated discussion about the future of mobile payments and explained why wearable technology is an important part of their companies' game plans.

The data breach disclosed by Supervalu is another reminder about why the ongoing migration of the US payment system to smartcard technology can't happen fast enough.

You can almost hear the hint of desperation in Matt Holton's voice.