CommBank rolls out payout platform in advance of cheque phase out
CommBank’s venture scaling arm, x15ventures, has launched PaidIt – a new platform to help organisations more easily manage remediation payments, refunds, and other payouts.
CommBank’s venture scaling arm, x15ventures, has launched PaidIt – a new platform to help organisations more easily manage remediation payments, refunds, and other payouts.
BELLINGS Intelligence Score: 12
Why it matters
CommBank's launch of a payout platform ahead of cheque phase-out is a routine operational innovation with limited immediate impact on credit markets or broader financial conditions.
Sources
Finextra
CommBank rolls out payout platform in advance of cheque phase out
CommBank’s venture scaling arm, x15ventures, has launched PaidIt – a new platform to help organisations more easily manage remediation payments, refunds, and other payouts.