Westpac confirms PayID look-up 'mis-use'
Westpac bank has confirmed that it “had detected mis-use” of the New Payments Platform’s PayID feature, following a report that the details of thousands of customers were looked up by a ‘fraudster’.
Westpac bank has confirmed that it “had detected mis-use” of the New Payments Platform’s PayID feature, following a report that the details of thousands of customers were looked up by a ‘fraudster’.
Westpac customers are flocking to online banking, allowing the group to contain costs by closing branches, the company said in its interim financial report this morning.
Remaining agile is one of the biggest challenges facing CIOs today, says Westpac Group tech chief Dave Curran.
Westpac Group will increase its annual investment spend by 20 per cent to $1.3 billion, the majority of which will be dedicated to technology, digital and simplification projects.
Westpac Group’s CIO, Dave Curran, is now reporting to CEO, Brian Hartzer, under a reshuffle of executive reporting lines announced on Monday.