We recently participated in the inaugural PayEd - Education in Payments #PaymentsPubQuiz on Wednesday 21 August 2024 in Sydney. Justin Whitford, Pooja Sainani, Greg Milburn, Kate Ward, Jamie Lee, Sandeep Nair, Nathan Churchward, Raj Tandon, Conor McClelland, and Paula Iturra all enjoyed the night mixing with others in the payments industry. Congratulations to American Express for winning the quiz! We would like to thank David Birch, John Ryan and the PayEd - Education in Payments team who made this event a success with proceeds going to support the Cancer Council Australia. We look forward to attending the next event. #cuscal #payments #paymentsguru #payed #amex #paymentsquiz
Cuscal Limited
Financial Services
Sydney, New South Wales 21,534 followers
Enabling the future
About us
Cuscal is a payments and regulated data services provider in Australia. For nearly 60 years, we have enabled Australian banks, mutuals, corporates and fintechs to better serve and connect with their customers through the implementation of innovative technology solutions. Our vision: Enabling the future. Our purpose: Powering seamless and secure connections for customers. Always. We deliver this through our expert team, our ability to anticipate and our deep understanding of the financial payments industry. Our proud history of firsts as the leader in payments solutions has made us the trusted partner for banks, mutuals, fintechs and corporates.
- Website
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https://www.cuscal.com
External link for Cuscal Limited
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Sydney, New South Wales
- Type
- Public Company
- Founded
- 1966
- Specialties
- payments, debit cards, banking, credit cards, ATMs, mobile banking, EFTPOS, New Payments Platform (NPP), merchant acquiring, switching, payments acceptance, digital banking, prepaid cards, Apple Pay, Samsung Pay, fraud , Google Pay, open banking, and Consumer Data Right (CDR)
Locations
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Primary
1 Margaret St
Sydney, New South Wales 2000, AU
Employees at Cuscal Limited
Updates
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Last week, the Government shared a series of updates related to Consumer Data Right’s (CDR) expansion to the non-bank sector, including a new target date for implementation. We have been monitoring this closely and with yesterday’s announcement that the CDR Action Initiation Bill (https://loom.ly/KvmkdUg) has been passed, we thought to share the key highlights. Assistant Treasurer Minister Stephen Jones, highlighted the Government’s commitment to making #ConsumerDataRight (CDR) work. Here’s what you need to know: - Timing: Rules and timing for non-bank lenders to become data holders are expected in early 2025 with an expectation that non-bank lenders will be live on the CDR by mid-2026. - Cost-reduction: Regular developments and enhancements to the CDR are to be streamlined into fewer releases, compared to approximately 5 per annum currently, to reduce costs for data holders. - Use Cases: More focus on enabling use cases like loan origination, business accounting and energy switching. - Regulation: A ban on screen scraping is a priority. - Empowering Consumers: Action initiation will be enabled at the right time, empowering consumers to change providers with less friction. - Improved Conversion: A significant reduction in Consent UX standards is indicated, allowing consumers and businesses to share their data more easily to improve conversion. To discuss the implications and how Cuscal can help, please reach out to Stefan Ellis [email protected] #FinTech #OpenFinance #DataSecurity #OpenData #CDRfornonbanklenders #CDR #Cuscal
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Cuscal eagerly anticipates hearing Assistant Treasurer Stephen Jones MP's update on #ConsumerDataRight (CDR) at CEDA - Committee for Economic Development of Australia tomorrow. His first major speech on CDR since June 2023, is set to outline what is in scope for the strategic assessment of existing CDR participants - and how that will impact timelines for future sector expansions such as non-bank lending. Our Data Domain have been leading the discussion and guiding clients through their technical and operational data holder obligations under the CDR. To discuss the implications, deadlines and our solutions designed to streamline the entire CDR program implication process, please reach out to Stefan Ellis [email protected] #FinTech #OpenFinance #DataSecurity #OpenData #CDRfornonbanklenders #CDR #Cuscal
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Meet the Team: Abby Humphreys recently joined Cuscal, as the Marketing Coordinator in the Marketing, Brand and Growth Team. We asked her a few questions about her first month at Cuscal. Why did you want to join Cuscal? I feel that there is lots of opportunity for both personal and professional growth and development at Cuscal. I also found the interview process very positive, and the people that I spoke to appeared to be passionate about what they do, which left a strong impression on me and reflects a positive company culture, which is something I really value in a workplace. What attracted you to the role and what are you most looking forward to? What attracted me most to the role was the diversity of responsibilities and the chance to collaborate with and learn from marketing experts across different marketing functions. I'm eager to immerse myself in executing marketing strategies—from Digital, PR, Communications, Events and Go-to-Market activities, that amplify Cuscal's market presence. The opportunity to learn and grow in a very supportive environment, where teamwork and innovation are at the core, is something I really look forward to. Which of our Cuscal values have you exhibited the most in your first month? In my first month, I’ve particularly embodied the value of 'We Adapt and Adopt'. Entering a new role involves a learning curve, and there has been a lot of new technology, software, and products for me to familiarise myself with. Embracing this value has meant quickly adapting to a new working environment so that I will be able to integrate new ideas to effectively contribute to our business and team objectives. Furthermore, adapting and responding to new market conditions and rapidly changing customer needs is crucial within the payments industry. Embracing 'We Adapt and Adopt' allows me to be flexible and proactive, ensuring that we remain at the forefront of innovation and growth in a rapidly evolving industry. #Cuscal #meettheteam #people #paymentsanddata #payments
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Simon Baptist, Visa Principal Economist for Asia Pacific caught up with Bronwyn Yam, our Chief Product Officer to discuss the global economic outlook and how it may impact the Australian economy. They discuss the key factors that are driving the economy; the themes for the year ahead; shifts in trade in the Asia Pacific; how the US election and tourism could impact Australia along with how new technology and Gen Z may affect payments in the future. Watch the video of Simon Baptist sharing his knowledge and insights for 2024 with Bronwyn Yam at https://loom.ly/-DyK-Yk. #visa #cuscal #payments #globaleconomy #australianeconomy
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People's Choice Credit Union participated in their own Cuscal “Go for Gold” promotion thanks to Visa. Together we are excited and want to congratulate all the winners in this promotion. Congratulations to Linda, Monica and Justin who all won a trip for two to the Olympic Games Paris 2024. They and their plus one, will be enjoying a trip to Paris to explore the city and experience three Olympic Games events. Congratulations to Ryan, Loretta, and Laura for winning the entertainment package. And finally, congratulations to all our Olympics merchandise pack winners; Mark, Rebecca, Yvette, Gary, Joseph, Jack, Sarah, Benjamin, Peter, Adam, Mikaela, Ryan K, Richard, Anthony, Sean, and Wendy. All the winners have already been contacted to share the exciting news. https://loom.ly/e8-VleM #Visa #parisolympics #cuscal #peopleschoice #goforgoldwinners
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Visa and Cuscal are excited to announce one of the two winners of our “Paris for 2” promotion was from People's Choice Credit Union. Congratulations to Michael who won a trip for two to the Olympics Games Paris 2024 thanks to Visa. Michael along with his plus one will be enjoying a trip to Paris to explore the city and experience three Olympic Games events. The winners of this promotion have already been contacted to share the exciting news. https://loom.ly/A3id2Jo #Visa #parisolympics #cuscal #peopleschoice #parisfor2winners
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Beyond Bank Australia participated in their own Cuscal “Go for Gold” promotion thanks to Visa. Together we are excited and want to congratulate all the winners in this promotion. Congratulations to Cory, Shane and Julie who all won a trip for two to the Olympic Games Paris 2024. They and their plus one, will be enjoying a trip to Paris to explore the city and experience three Olympic Games events. Congratulations to Brady, Sonia, and Geoffrey for winning the entertainment package. And finally, congratulations to our Olympics merchandise pack winners; Allan, Joanna, and Shaun. All the winners have already been contacted to share the exciting news. https://loom.ly/e8-VleM #Visa #parisolympics #cuscal #beyondbank #goforgoldwinners
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Visa and Cuscal are excited to announce one of the two winners of our “Paris for 2” promotion was from Defence Bank. Congratulations to Jacqueline who won a trip for two to the Olympics Games Paris 2024 thanks to Visa. Jacqueline along with her plus one will be enjoying a trip to Paris to explore the city and experience three Olympic Games events. The winners of this promotion have already been contacted to share the exciting news. https://loom.ly/A3id2Jo #Visa #parisolympics #cuscal #defencebank #parisfor2winners
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We are delighted to welcome Michael Blomfield as our new Chief Client Officer, overseeing Cuscal’s client and growth functions. With over three decades of experience in banking, financial services and technology - both domestically and internationally - Michael brings a wealth of expertise in strategy and execution, growth, sales, and client service excellence. His extensive leadership expertise and his deep commitment to putting clients at the centre of his teams are a great match for Cuscal as we continue to drive our service delivery and client experiences to world class standards. Welcome Michael! Learn more at https://loom.ly/LJ9y2o0 #Cuscal #ELT #executiveleadershipteam #leadership