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Monthly Archives: May, 2017

Not happy. ATM ate his credit card. So furious finance lecturer charged bank $1000

May 31st, 2017 Posted by Alerts, Case Studies 0 thoughts on “Not happy. ATM ate his credit card. So furious finance lecturer charged bank $1000”

Source: Tom Cowie, The Age.  Photo: Jason South

A former university finance lecturer who pursued Westpac for $1000 in compensation after the bank’s ATM ate his credit card.

Dr Andrew Leung, a former finance lecturer and actuary, argues that banks do nothing for their ATM service.

“Essentially the machine shut down, it froze, went blank and then switched off. It started back up after five minutes like nothing had happened. I didn’t get the cash, I didn’t get the card.”

The Bendigo Bank customer had to rearrange his direct debits when insurance companies began sending letters telling him that his payments were overdue and his polices were in danger of being suspended. Read more at The Age.

You never know when an ATM will gobble your card.

GloBird Energy features Gobbill for email bill payments.

May 28th, 2017 Posted by Financial Management, Gobbill News, Time Management 0 thoughts on “GloBird Energy features Gobbill for email bill payments.”

 

GloBird Energy features Gobbill for email bill payments. Some Globird customers already use Gobbill to pay their bills received via email on-time every month.

Read more.

Example screenshot.

 

 

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ATO recognises Gobbill as an Early Stage Innovation Company reports Australian Fintech

May 18th, 2017 Posted by Featured, Financial Management, Gobbill News, Startup 0 thoughts on “ATO recognises Gobbill as an Early Stage Innovation Company reports Australian Fintech”

The Australian Taxation Office has ruled that technology start-up company Gobbill satisfies the requirements to be an Early Stage Innovation Company (ESIC). “The ESIC rules, whilst offering major incentives to start-ups and investors alike are complex.” says EY’s R&D and Technology Incentives Partner Mark Chan. Read more…

About Australian FinTech

The Australian FinTech site is Australia’s only online space dedicated to promoting and discussing all things FinTech. Whether it be for Personal Finance, Payment Platforms, Apps, Venture Capital, Accelerators or Incubators, Australian FinTech has it covered. See australianfintech.com.au

 

Gobbill was featured in Crowdfund Insider. ATO ruling great news for Gobbill.

May 18th, 2017 Posted by Financial Management, Gobbill News, Startup 0 thoughts on “Gobbill was featured in Crowdfund Insider. ATO ruling great news for Gobbill.”

Gobbill was featured in Crowdfund Insider. The article covered the ATO ruling that Gobbill is an ESIC affording its investors Australian tax incentives such as Tax offset of 20% of the value of their investments and capital gains tax exemptions.

This is great news for Gobbill as it will provide another reason for investors to support the company. Read more..

About Crowdfund Insider

Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including crowdfunding, peer-to-peer / marketplace lending and other forms of Fintech. Our site provides extensive coverage, and industry leading perspective, from a team of staff writers and leading industry expert contributors from around the world.

Crowdfund Insider was envisioned and created by dedicated industry professionals and is supported by an independent group of investors.

ATO recognises fintech start-up Gobbill as Early Stage Innovation Company

May 16th, 2017 Posted by Gobbill News, Media Releases, Startup 0 thoughts on “ATO recognises fintech start-up Gobbill as Early Stage Innovation Company”

MELBOURNE, Australia – 16 May 2017: ATO recognises fintech start-up Gobbill as Early Stage Innovation Company.

The Australian Taxation Office has ruled that technology start-up company Gobbill satisfies the requirements to be an Early Stage Innovation Company (ESIC).

Gobbill is a new digital service that automates and centralises all bill payments, giving users a streamlined solution offering greater security and increased control of their finances. The start-up is sponsored by Microsoft’s BizSpark program and is also a partner of Stay Safe Online, a Commonwealth initiative to protect Australians from cyber related crimes. New users can sign up for a free account at gobbill.com.au

The ATO ruling states, “Gobbill’s email bill innovation is the first holistic product that provides end-to-end processing using a digital service platform that includes the detection of fraudulent bills… It has been identified as having a wider global addressable market.”

“We are very pleased to receive this positive ruling from the tax office,” says Gobbill co-founder Shendon Ewans, “Our experience dealing with the ATO for this ruling has been very positive. They seem to be supportive of innovation and entrepreneurship for the Australian start-up eco-system.”

Although ESIC was introduced in the 2016 Budget, many investors and startups are unclear of their eligibility for tax benefits. “The ESIC rules, whilst offering major incentives to start-ups and investors alike are complex.” says EY’s R&D and Technology Incentives Partner Mark Chan. “Given this complexity and the ongoing compliance requirements, startups and investors should obtain legal and tax advice to ensure they are applying the rules correctly.”

Australian start-ups and investors interested about the tax incentives for investing in early stage innovation companies can refer to ATO’s website “Tax incentives for early stage investors” or contact their legal and tax advisors.

 

 About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. For more information about our organisation, please visit ey.com.

About Gobbill

Gobbill is an Australian digital start-up company focused on household and small business bill payment automation. Gobbill users simply forward their email bills to their @gobbill.com account. Gobbill checks for fraudulent and suspicious email bills and ensures that payments are made on time, helping users avoid late fees, receive their pay-on-time discounts and protect their consumer credit rating score. Gobbill is a wholly owned and operated Australian company sponsored by Microsoft since 2015.

 

Media enquiries:

Ms. Grace Stephenson, Media and Communications
Gobbill Pty. Ltd. (ABN 87 607 293 612)

Email: gobbill@gobbill.com.au

Level 1, 382 Little Collins Street, MELBOURNE VIC 3000

High Alert for ransomware issued by Australian Government cyber security agency.

May 14th, 2017 Posted by Alerts, Internet Safety, Staysmartonline 0 thoughts on “High Alert for ransomware issued by Australian Government cyber security agency.”

Australian Cybercrime Online Reporting Network (ACORN) has today issued a high priority alert to beware of the same ransomware disrupting organisations globally, including the UK’s National Health Service.

What can you do? Keep safe by applying software updates and backing up your data regularly. Use Gobbill to check and pay your email bills. You don’t need to know if it’s a fake bill and you don’t need to click on any links. Simply forward the email to your own @gobbill.com email address and it’s taken care for you. Read more gobbill.com.au

Last week, hackers used tools believed to have been developed by the US National Security Agency which has infected tens of thousands of computers in nearly 100 countries, disrupting Britain’s health system and global shipper FedEx. Australian Cyber Security Centre is tracking the attack campaign which goes by various names including WannaCry. It leverages known vulnerabilities in Microsoft Windows patched since March 2017 making this disruption and impact preventable.

ACORN reports that they are continuing to monitor the situation closely.

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New Gobbill users can sign up for a FREE account at gobbill.com.au.

Follow us on Facebook/gobbill to receive further alerts.

 
What is Ransomware?

Ransomware is malicious software that makes data or systems unusable until the victim makes a payment. In this case, cyber extortionists tricked victims into opening malicious malware attachments to spam emails that appeared to contain invoices, job offers, security warnings and other legitimate files reports The Sydney Morning Herald. 

About ACORN.

ACORN provides information on how to recognise and avoid common forms of cybercrime, such as hacking, online scams, online fraud, identity theft, attacks on computer systems and illegal or prohibited content, as well as offering advice to those who have fallen victim.

National Consumer Fraud Week (15–19 May)

May 14th, 2017 Posted by Internet Safety, Staysmartonline 0 thoughts on “National Consumer Fraud Week (15–19 May)”

Source: ATO and ACCC ScamWatch

According to the ACCC, increasing numbers of Australians are encountering—and losing money to—scams on social media. If you use social media, we encourage you to be particularly alert for dating and romance scams and fake trader scams. … financial losses that are usually impossible to recover. Here are some tips from ACCC’s ScamWatch [http://bit.ly/2pEshwY] on how to protect yourself.

For businesses, the ATO says – don’t give fraudsters a chance. It’s a timely reminder to review all information security practices in your business, including storage of client information and taking stock of who has access to your systems. Implementing a few simple practices can save you money and stress. Read the ATO’s Top cyber security tips for business [http://bit.ly/2pqH5UG].

Origin Energy email scam targets tens of thousands of Aussies with fake bill

May 12th, 2017 Posted by Alerts, Internet Safety, Staysmartonline 0 thoughts on “Origin Energy email scam targets tens of thousands of Aussies with fake bill”

A hoax Origin Energy bill loaded with dangerous spyware has targeted tens of thousands of Australians. The well-crafted email branded with the energy provider’s official logo claimed to be an electricity bill for varying amounts, with one sighted by Fairfax Media as high as $911. Source: The Age. Read more

Example:

Beware of Google Docs phishing scam

May 4th, 2017 Posted by Alerts, Staysmartonline 0 thoughts on “Beware of Google Docs phishing scam”

Users are warned to be aware of a reported phishing scam involving a fake invitation to share a Google Docs document.

The scam sees a user receive a legitimate-looking email that may appear to be from a trusted contact inviting them to share a document on Google Docs.

Users who click on the link are directed to screens that request permission for a malicious service to access their email account, contacts and other sensitive information. If a user grants permission, the malicious service can impersonate the user when sending messages on to other Google email users.

Users may also face the risk of having information and messages from their email accounts compromised.

The scam reportedly targets Google personal and corporate email accounts.

Click here for more information.

Source: Beware of Google Docs phishing scam | Stay Smart Online