Payments Revolution

June 20, 2022

How payments can affect speed, efficiency, risk protection and UX

In June, Monoova's CTO, Nicholas Tan, joined BDO’s Global leader for Fintech, Tim Aman and and Kallan Hogan from Mastercard to discuss the Payments Revolution as part of BDO's Fintech Fridays series. You can watch the webinar replay below as they debate how modern digital payments affect payment speed, efficiency, risk protection, and user experience and of course no payment revolution discussion is complete without talking to the pending switch on of PayTo.

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Payments

Auto-Reconciliation

Reduce the admin of identifying and rectifying incorrect payments with Monoova’s automated reconciliation rules

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Reconciliation is a huge part of any finance team’s time, especially at the end of a financial period. Manual processes introduce the risk of human error, both on the side of the payments being made, and payments being received and allocated, causing headaches for everyone involved.‍ Explore how Monoova's reconciliation rules can reduce admin and bring efficiencies to your business.

Partnerships

Payments

Monoova connects to the New Payments Platform (NPP)

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End-to-end payments provider Monoova, and Australia’s leading independent provider of payment services for banks and payment platforms Cuscal, today announced the rollout of NPP payment capabilities to Monoova’s Automated Payment Service.

Client Success

Payments

Eastern & Allied and Monoova: Client Success

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"Over 95% of our transactions are in real-time. Using NPP with Monoova has been a game changer. We've been able to save an incredible amount of time and resource using Monoova's payment solution. We've been able to streamline the way we operate and receive funds from a lot of different customers." Dianne Nguyen, CEO, Eastern & Allied shares how Monoova's payment solutions have transformed their remittance business whilst resulting in time, cost and resource savings.

Payments

PayTo

How Payroll is Changing: New technologies replacing ABA files and Preparing for Payday Super

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The first major changes to payroll in decades have arrived. Australia’s banking sector is undergoing a transformation, introducing real-time payments and greater digital connectivity. Payday super is coming 1 July 2026 and will require employers to pay superannuation contributions alongside employee salaries and wages. Monoova can assist payroll companies in this transition to new payments technology.