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Posts in Payments

New features in Gobbill

October 14th, 2019 Posted by Financial Management, Gobbill News, Payments, Product Features, Time Management 0 thoughts on “New features in Gobbill”

New feature update as of 14 October 2019

Gobbill’s technical team is working on new features and publishes the changes everyday. You can imagine there would be plenty of small and large changes being made each day.

Here are some significant ones to note:

  • A preference switch to enable the payment of invoices as soon as possible (ASAP) when a bill arrives in Gobbill.
  • [BETA] Payroll Sweep and Pay – Ability to clear payroll payments for any client any Australian bank account through Gobbill.
  • [BETA] Bill and Payroll approval flows.

 

Pay ASAP is a preference switch to enable the payment of invoices as soon as possible (ASAP) when a bill arrives in Gobbill. This feature was requested by one of our bookkeeper clients to clear invoices and bills as soon as they are received instead of paying before the due date or paying late.

[BETA] Payroll Sweep and Pay is the ability to clear payroll payments for any client and any Australian bank account through Gobbill. Instead of having to manage multiple Internet Banking login access authorities, logins and passwords, our accounting and bookkeeping partners can access one point trigger payroll approval and to clear payroll payments. Performing it through Gobbill doesn’t affect your clients’ Internet Banking daily limited which can alleviate a big issue on certain days when many payments have to be made on the same day.

[BETA] Bill and Payroll approval flows is the ability for small business users as well as accountants and bookkeepers to trigger approvals for bills/invoices and payroll. Authorizers can simply respond via email to approve without the need for logins or apps.

Other recent features prior to October 2019 ———–

New dashboard designed for bookkeepers and accountants to manage their clients’ bills/invoices within Gobbill. Working with AAT members and our Partners, we’ve listened and developed a new dashboard to help support the work activities of bookkeepers and accountants. The dashboard helps to collate and group all clients’ accounts payable invoices and manage the timing and cashflow of payments. It is currently being trialed by a beta group.

NDIS dashboard for Plan Managers and households with NDIS self-managed participants. NDIS Plan Managers and Self-Managed Participants are able to see their invoices relating to NDIS all in one area. Their Gobbill account can support the whole bookkeeping practice (portfolio of clients) or whole-of-household with all bills and invoices. We see Gobbill as a whole-of-household solution for bills (including NDIS invoices) making life admin easier for those who are participating in the NDIS. A new dashboard is available to users on the Premium and Business Plans. Just ask gobbill@gobbill.com.au to activate it for you. There’s no extra charge or fees because it is all part of your existing Plan.

Bank statements can be uploaded directly for account verification and setup. A request from a Partner, you can now link a new bank account in Gobbill and upload bank statements for verification immediately. This is in addition to emailing  your bank statement to your own @gobbill.com email address.

Gobbill can now pay over 40,000 Australian billers and uses robots to fetch bills stored online. Some billers will send a notification that a bill is ready online. Instead of clicking on the link, forward the notification to Gobbill to do it for you. Gobbill currently has robots which will safely and securely fetch from online sources bills/invoices from their associated portals. E.g. City West Water, Sydney Water, Energy Australia, AGL Energy, Xero invoices and more..Robot automation saves you time and also helps to prevent you from clicking on malware or being directed to a fake website.

Gobbill is now able to accept multiple invoice/bill attachments and multiple types of documents in an email. Previously, Gobbill required each invoice to be on its separate email.

Documents awaiting processing by Gobbill due to fraud check or text recognition are displayed as in Gobbill as “Pending documents”.

Bill payment cutoff time is now midnight instead of 6pm. This is the cut off time for bills to be included in the next business day’s payment processing. If  a bill is sent into Gobbill and accepted before midnight, it will be included in the payment processing the next business day or scheduled before the due date depending on the circumstances and preferences.

Win cash back for paying your bills in June

June 3rd, 2019 Posted by Gobbill News, Payments 0 thoughts on “Win cash back for paying your bills in June”

[Competition is now closed. The winner was drawn 1pm 1 July 2019 AEST.]

 

To celebrate our ‘Pay any bill with any coin’ launch with Cointree we have a competition to Win cash back for paying your bills through Cointree (Coin) or Gobbill (Card/Bank)*

You can either use Gobbill’s Free, Premium and/or Business Plan to pay your everyday bills. Alternatively, you can also use Cointree.com ‘Pay bill’ service which is processed by Gobbill.

It’s an automatic entry each time you pay your bills. No need to put in details or write a story….Good luck!

 

Here are some photos of our Launch Party on 30 May 2019.

 

 

 

 

 

 

 

 

 

 

 

*Conditions.

Pay your bill using Gobbill or Cointree for a chance to win your bill amount back. Each bill payment is a single entry into the draw.

The winner will receive their bill amount in AUD (including GST if applicable) back in cash up to the value of $1,000 whichever is the lesser amount.

The bill must be paid from 27 May 2019 and before midnight 30 June 2019.

The winner will be drawn on Monday 1 July and contacted directly via email by either Cointree or Gobbill.

The prize amount will be an electronic transfer within 14 days. The prize will be invalid if unclaimed within 60 days.

Australians can now pay bills with cryptocurrency even if the biller doesn’t accept it | Yahoo Finance

May 30th, 2019 Posted by Gobbill News, Payments, Product Features, Startup 0 thoughts on “Australians can now pay bills with cryptocurrency even if the biller doesn’t accept it | Yahoo Finance”

Australians who own cryptocurrency can now pay household bills even if the biller doesn’t accept digital money.

Crypto exchange Cointree and bill payment Gobbill, both startups based in Melbourne, have started a landmark partnership to make this happen.

Gobbill is an artificial intelligence service that allows Australians to check if their bill is a scam or authentic, then have them paid securely.

Customers of Gobbill from this week can nominate to have bills paid using one of more than 100 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple and Litecoin.

Find out more about paying everyday bills with digital currencies. 

Read more at Yahoo Finance.

Energy discounts. Are you getting what you signed up for?

February 21st, 2019 Posted by Case Studies, Financial Management, Payments 0 thoughts on “Energy discounts. Are you getting what you signed up for?”

It’s great to save money. That’s why pay-on-time discounts have grown in popularity among us in recent years, but are these discounts on our energy bills really all they crack up to be? Gobbill is a bill payment service for households and small businesses. It scans bills for fraud, pays the energy bill on-time and calculates the actual discount % for users. Recently Gobbill conducted a study of bills (for a year ending 31 Jan 2019) and compared the discounts to what energy companies advertise.

 

Diagram 1.0: Electricity bill in Gobbill

What’s the deal with pay-on-time discounts?

A recent Canstar Blue article “Pay on Time Energy Discounts Explained” mentioned that you can generally expect to see offers ranging from 10% to 30%, or even more in some cases. Pay on time discounts of up to 47% have been seen across Australia in the past.

Pay-on-time discounts reward you by discounting your energy bills by a set amount every month if you pay before the due date. However, conditions of your discounts can vary significantly depending on the provider and plan you choose.  Understanding your energy bill and the conditions attached to your discount can be complicated, and it can be even trickier to compare it with other available offers to find a better deal.

What is driving pay-on-time discounts? Last year, the ACCC found that pay-on-time ‘discounts’ have emerged in response to attempts by government regulations to constrain late payment fees. Pay-on-time energy discounts could be on the chopping block because it is tricky and confusing reported by Choice.com.au

 

What’s the catch?

Pay-on-time discounts seem like a great idea to save more cash but these ‘discounts’ on your energy bills can sometimes end up costing you more if you don’t manage to meet these conditions.

Customers also tend to forget that most of these discounts are only valid for 12 or 24 months from the commencement date of their plan. Without renewing these plans, you’ll be required to pay the full, non-discounted price of your energy bill.

Gobbill analysed a number of bills over the last year and found that some energy providers aren’t giving the discounts promised in their headlines. Gobbill is able to calculate the true discount you receive on your bill when you send your bill into Gobbill for payment.

 

You’ll be surprised what we found.

Gobbill found discrepancies between discounts advertised by energy providers and the actual discount applied to energy bills from a sample of several hundred Victorian bills over the last year. Our data suggests that certain energy customers may not be getting what they expected from the advertised headline discounts.

On top of that, the ACCC reported that energy retailers set their discounts with reference to their own set prices, making it complicated to compare headline discounts between energy providers. As a result, consumers tend to make decisions based on simple indicators, such as headline discounts. However, they may be signing up to exclusions and conditions that deliver a lower saving that other providers.

 

In some cases, Gobbill found that energy providers were promising discounts as high as 33% but only giving 23% off energy bills. If that was my electricity bill, I would be paying an extra $241.68 every year on my electricity bill alone.

Diagram 2.0: Electricity discounts expected vs. actual

 

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Financial Review features Cointree & Gobbill partnership

August 20th, 2018 Posted by Gobbill News, Payments, Startup 0 thoughts on “Financial Review features Cointree & Gobbill partnership”

Major telcos, utility providers and insurers may not have jumped on the cryptocurrency bandwagon, but thanks to two local fintech startups that no longer matters, with cryptocurrency owners now able to pay any bill in crypto.

Cryptocurrency exchange Cointree and automated billing platform Gobbill will let Australians pay bills with cryptocurrency, regardless of whether the business itself accepts the digital currency. Gobbill acts as a go-between, taking the funds from its users and paying the bills on their behalf.

Gobbill co-founder Shendon Ewans admits that he was late to the cryptocurrency party, only beginning to dabble in it early last year, but said that’s what made a partnership with Cointree attractive.

“I have traded, but not very successfully. That was the appeal of Cointree. I’m a novice and I’m surrounded by people at [fintech co-working space] Stone and Chalk, who are deep crypto specialists,” he said.

“Fast forward into the future and what we’re seeing is, like it or not, this will be part of our daily lives. Gobbill already let people pay bills from their cards or bank accounts, so now they can pay in cryptocurrency too.”

Read more Financial Review

 

Gobbill inks deal with iSignthis for card processing and eKYC.

June 5th, 2018 Posted by Gobbill News, Media Releases, Payments, Startup 0 thoughts on “Gobbill inks deal with iSignthis for card processing and eKYC.”

Melbourne, Australia 5th June, 2018 – Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX/FRA:TA8), the world leading RegTech for identity verification and payment services, is pleased to announce that it has signed an agreement with an artificial intelligence (AI) fintech bill payment automation startup called Gobbill™. iSignthis is supporting innovative companies like Gobbill by providing global identity verification and payment solutions.

The partnership with iSignthis supports Gobbill’s international expansion plans utilising their identity verification services and transactional banking facilities to clear payments.

“Partnering with iSignthis is a strategic and important milestone for Gobbill. It enables our customers to pay any bill for billers that do not accept card payments or various card schemes. To pay any bill using UnionPay or American Express is a significant offering, particularly for overseas Australian property investors and small businesses using Gobbill”, stated Shendon Ewans, CEO and Co-founder of Gobbill.

John Karantzis, CEO of iSignthis said, “Gobbill represents an opportunity for iSignthis to support a prospective leader in bill payment automation, as well as for us to provide a means for them to expand outside of Australia, by providing facilities to them in Europe as they expand. Having witnessed Gobbill emerge over the last three years, we are delighted to be part of their future growth.”

Gobbill will also have the ability to globally digitally identify customers to offer a convenient way of switching service providers using their One-Click-Switch™ method. Utilising AI to automate research and comparisons of products, as well as interact with customers, will save them significant time and money.

 

— END —

About Gobbill Australia Pty Ltd

Gobbill™ is a digital finance assistant that automates bill payments using artificial intelligence for households and small businesses. Users are protected from online scams, avoid late fees, maximise discounts and protect their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.

After two years of R&D, the company launched its automated bill payment process for public use. It is now investing further R&D in AI to help customers easily switch service providers and save money using its One-Click-Switch™ method.

Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, insurance and more. Gobbill is a Microsoft Startup sponsored company, a partner of the Australian Government’s cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk.

For further information, see gobbill.com.au or contact the team at: gobbill@gobbill.com.au

For media inquiries, contact Account Director, Laura Blue at: laura@launchlink.co

 

About iSignthis Ltd (ASX : ISX | DE_FRA : TA8)

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end onboarding service for merchants, with a unified payment and identity service via our Paydentity™ and ISXPay® solutions.

By converging payments and identity, iSignthis® delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world’s 4.2Bn ‘bank verified’ card or account holders[1], that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.

iSignthis Paydentity service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business.

iSignthis’ and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay®, and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard Worldwide and JCB International.

Read more about the company at our website www.isignthis.com.

For more information, please contact: Media: contact@isignthis.com

Investor Relations, Chris Northwood, Activ8Capital, +61458 809 177, cnorthwood@activ8capital.com or investors@isignthis.com

[1] 1 http://www.worldbank.org/en/programs/globalfindex

myprosperity and Gobbill sign global deal to offer automated bill payment services to households.

June 5th, 2018 Posted by Gobbill News, Media Releases, Payments, Startup 0 thoughts on “myprosperity and Gobbill sign global deal to offer automated bill payment services to households.”

Melbourne, Australia 5th June 2018 – Award winning financial wealth management platform myprosperity and bill payment automation company Gobbill today announced a commercial alliance.

The partnership will see Gobbill offer a version of its digital service through the myprosperity platform, providing seamless bill payment and management services to households currently using the platform in Australia and overseas.

CEO of myprosperity, Chris Ridd, said the deal would create value for its customers, saving time and money on bill payments, as well as providing protection against an increasing number of bill scams.

“With myprosperity we are creating an integrated platform where advisers and their clients can come together to manage and collaborate on their entire financial world. We do this by creating an open and diverse ecosystem of partners whose products and services enhance the financial lives of our customers. As a leading innovator in automated bill payments, we’re excited to be working with Gobbill to streamline another critical element of a client’s financial world, their bills.”

Shendon Ewans, CEO and Co-founder of Gobbill, said the deal would enable the company to reach an important customer segment to offer its bill payment services within an established and trusted platform.

“myprosperity is a rapidly growing company that has successfully established a trusted platform and ecosystem of financial advisors, accountants, and other service providers. Our companies are aligned in their values, customer segments and strategic direction.”

The partnership with myprosperity supports Gobbill’s growth strategy to increase the use of its product through key partners, expand internationally and position itself as the global leader in bill payment automation.

 

— ENDS —

 

About Gobbill Australia

Gobbill™ is a digital finance assistant that automates bill payments using artificial intelligence for households and small businesses. Users are protected from online scams, avoid late fees, maximise discounts and protect their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.

After two years of R&D, the company launched its automated bill payment process for public use. It is now investing further R&D in AI to help customers easily switch service providers and save money using its One-Click-Switch™ method.

Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, insurance and more. Gobbill is a Microsoft Startup sponsored company, a partner of the Australian Government’s cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk.

For further information, see gobbill.com.au or contact the team at: gobbill@gobbill.com.au

For media inquiries, contact Account Director, Laura Blue at: laura@launchlink.co

 

About myprosperity

myprosperity is a cloud-based personal wealth platform that makes it easy for accountants and advisers to help their clients get their financial world – sorted. Available on desktop and as a mobile app, myprosperity is a whitelabel wealth portal that boasts live data feeds and digital doc signing, as well as budgeting, cashflow and goal setting tools for an integrated all-in-one approach to personal finance.

Founded in 2011, the company is now the leading personal wealth platform in Australia. In March 2018, myprosperity was awarded Financial Advice Innovator of the Year at the Fintech Business Awards.

For further information, see myprosperity.com.au or contact media:  support@myprosperity.com.au