Nab news and trends

Australia’s NAB Bars Payments to ‘High Risk’ Crypto Exchanges
Banking // July 17, 2023

National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams. The bank (NAB) on Monday (July 17) announced it was introducing new customer protections by prohibiting some payments made to “high-risk” exchanges. According to a bank news release, nearly half of all scams...

National Australia Bank Debuts NAB Now Pay Later
BNPL // May 26, 2022

National Australia Bank (NAB) customers will now be able to preregister for the new buy now pay later (BNPL) service, as the bank tries to give Australians more financial flexibility, a press release said. This will allow customers to access up to $1,000, split purchases...

Today in the Connected Economy: Is a Porsche/Apple Team-Up in the Works?
Connected Economy // March 18, 2022

Today in the connected economy, Porsche’s CEO reveals the car maker and Apple had held talks about possible joint projects, including an expansion on Apple CarPlay. Also, Universal Music Group’s 10:22PM label makes landmark NFT purchase, and B2B payment service PayTrace becomes part of the...

North American Bancard Acquires B2B Payments Firm PayTrace
Acquisitions // March 18, 2022

B2B payments solution provider PayTrace says it has been acquired by Michigan-based credit card processing firm North American Bancard (NAB). “PayTrace is becoming their preferred gateway solution for all merchant types,” the company wrote in a blog post. And with the acquisition, PayTrace has become certified...

Interviews & Exclusives
The SMB Loyalty Scene In Australia Will Never Be The Same – And That’s A Good Thing

July 29, 2021
Small businesses worldwide were hit hard by the COVID-19 pandemic, and Australia was no exception. Derailed by physical location closures and the trepidations of consumers, shopkeepers and entrepreneurs nationwide were forced nearly overnight to rewrite and recreate their business models to meet the rarified needs of the time. Some firms have done better than others at […]

Quick Reads
NAB and Plenti Team on Pay by Bank for Loan Repayments

July 24, 2024
Australian bank NAB has launched a collaboration with FinTech lender Plenti. The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo. “Plenti is the first NAB business customer to integrate the new account-to-account payment solution in its online lending platform, allowing its customers to make real-time payments via PayTo to pay down […]

Australia’s NAB Bars Payments to ‘High Risk’ Crypto Exchanges

July 17, 2023
National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams. The bank (NAB) on Monday (July 17) announced it was introducing new customer protections by prohibiting some payments...

National Australia Bank Debuts NAB Now Pay Later

May 26, 2022
National Australia Bank (NAB) customers will now be able to preregister for the new buy now pay later (BNPL) service, as the bank tries to give Australians more financial flexibility,...

NAB CEO, Chairman To Step Down Amid Performance Criticism

February 07, 2019
National Australia Bank chief executive Andrew Thorburn and chairman Ken Henry are leaving amid criticism of their leadership at the bank. The Financial Times, citing a statement from Thorburn, said...