“Beem It, along with other eftpos assets such as connectID, will be utilised to create compelling innovations within a local ecosystem for consumers, Fintechs, merchants and banks to enhance digital commerce while leveraging existing industry investments to help compete with Big Tech,” Mr Benton said.įormer CEO of Nine Digital and spearheading Microsoft’s Consumer and Online business for the Asia Pacific region as General Manager, Mark also co-founded iflix, a video streaming service across Asia. Which is critical as the eftpos Group has big aspirations for Beem It, both in terms of the role it will play in Australia as the lifestyle app for all Australians and for the eftpos Group broadly to progressively cover new ventures for the Group.
“Mark embraces the start-up mindset required to deliver the necessary speed to market and intensity of meeting customer needs. While further details will be announced in the coming months, it can be revealed Beem It will soon enable discounts and offers, an all-in-one loyalty wallet, gamified social rewards, promotions supporting local businesses, and more.Įftpos through Beem It, has plans to build an Australian digital marketplace that aims to deliver on the unique needs of Australian consumers and merchants, and flourish through facilitating exceptional customer experiences.Įftpos CEO Stephen Benton said in addition to taking the job as Beem It CEO, Mr Britt would also lead eftpos’ new ventures business to drive commercial outcomes across the wider eftpos Group of businesses, including responsibility for its Digital Identity solution, connectID. Mr Britt’s vision for the business is to extend the digital wallet experience into the physical world.
#BEEM IT ACCOUNT FREE#
A bank-owned mobile payments provider that trades under the "Beem It" brand is unable to say if it will be required to report a data breach to Australia's privacy regulator.Digital Wallet Pty Ltd, which is owned by Commonwealth Bank, NAB and Westpac, has revealed that it inadvertently included the email addresses of 500 customers in a bulk message it sent to users of its service on Tuesday.While chief executive Mark Wood has apologised to customers for the data breach, the company has not responded to questions from Banking Day on whether it is obliged to notify the Office of the Australian Information Commissioner.Not all privacy breaches are reportable events under new mandatory disclosure laws that took effect in February.If a company decides that a privacy breach is unlikely to cause harm to its affected customers then it might be exempt from having to make an official notification.The "Beem It" business, which traded as "Beem" until a few weeks ago, facilitates instant money transfers between the debit card accounts of subscribers to its service.The data breach affected customers with bank accounts at CBA, Westpac, NAB and possibly ING.The privacy of email accounts belonging to staff employed at the Reserve Bank of Australia was also undermined by the data breach.An RBA spokesman yesterday declined to comment on the matter.Individual banks participating in the "Beem It" business yesterday appeared unwilling to take ownership of the privacy breaches that affected their customers and referred enquiries from Banking Day to the Digital Wallet company."This really is a matter for Beem It," a Westpac spokeswoman said in an SMS response to questions."I've raised it with them so they can get in touch."While the privacy breaches were a point of concern on social media posts yesterday, they appeared to have little effect on Westpac chief executive Brian Hartzer who on Tuesday was spruiking the Beem It payments service on LinkedIn:"Check out this new free app that lets you pay anyone in Australia using your mobile, regardless of what bank or phone you use."It's a collaboration among a number of Australian banks to make payments more convenient.I've been using it for a while and it's great."A diligent reader replied to Hartzer's post, pointing out that the service was not necessarily a "pay anyone" solution:"According to the Product Disclosure Statement 'The Beem It facility offers a fast, simple and convenient way to pay, receive and request money from people or businesses who are also users of the Beem It app'.Eftpos today announced seasoned digital executive Mark Britt has joined the eftpos team as CEO of Beem It, hitting the ground with plans for a new national rewards platform for Australian consumers, which aims to take the Aussie-grown mobile wallet to the next level.
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