Gobbill is pleased to announce that we have teamed up with NAB to fight against scams and fraud.
Gobbill is pleased to announce that we have teamed up with NAB to fight against scams and fraud.
Supported Independent Living (“SIL”) under the National Disability Insurance Scheme (“NDIS”) supports participants to live independently in shared accommodation homes. These homes are designed to enable supports to be easily delivered for daily living and household tasks. While the NDIS will cover support costs, it does not cover everyday living costs which everyone is expected to incur. Examples are food, grocery items, utilities, entertainment, and internet which may be shared with other participants in the home and managed by the SIL operator.
Participants and SIL operators managing shared costs can find themselves in all sorts of situations which may present a financial risk. It creates risks such as support workers having access to participants’ bank accounts and/or physically handling cash. The SIL operator who employs the support worker is responsible for having proper financial processes and controls in place.
It also creates headaches and more work to chase payments when they are missed or short paid.
SIL operators using Gobbill technology say it is like set-and-forget when it comes to automatic collection of funds into their bank account. It saves their business time on reconciliation, improves cashflow and increases transparency in the financial management processes.
How Gobbill can assist?
Gobbill is an Australian built solution which helps SIL operators to manage and automate the collection of funds from participants by debiting their bank accounts when payments are due. This is set-up once when the participant signs up with the operator. Participants do not have to give the support worker their credit card, internet bank access or cash to pay for everyday expenses anymore.
It is a simple 3-step process:
1. Setup your participants in Gobbill with their bank accounts to direct debit.
2. Send your invoices into <your_participant>@gobbill.com account.
3. The amount is debited and deposited into your account by the due date.
With Gobbill taking care of the collections and bill payments, this allows SIL operators to save significant administration time and improve their cashflow while reducing the risk of financial abuse.
A former business manager of Melbourne High School has been jailed after stealing more than $430,000 from her employer to feed an out-of-control gambling addiction.
Frances Walshe’s first theft in early 2012 went unnoticed by the school because of a poor financial governance model that gave the 65-year-old unchecked access to its bank accounts.
Over the following decade, Walshe made a further 263 illegal transactions, stealing $432,546 from the school’s coffers to feed an out-of-control gambling addiction.
Schools, clubs, not-for-profits and other organisations can’t rely on trusting one person who has banking access. For less than $50 per month, a subscription to Gobbill automates accounts payable saving time and costs. It reduces the need to access Internet Banking for making payments, and eliminates or reduces the risk of internal and external fraud.
Shendon Ewans – Gobbill CEO and a Melbourne High School ‘Old Boy’ says that this type of crime could have been prevented. For such a school where funds are so important and fundraising can be very difficult at times, it is disappointing for the school’s management to not have the proper check and balances.
Find out how Gobbill can protect your organisation – school, club or private business.
Contact Gobbill https://gobbill.com/contact/
CEO of Gobbill (& Aspect Plan Management), Shendon Ewans spoke about #NDIS fraud at the Transform Finance Conference (Anti-Money Laundering #AML, #Fraud, Technology Innovation & #Security) on the 1st of December 2022 Crowne Plaza Melbourne.
The topic covered “Insights Into the Extent of Fraud in the National Disability Insurance Scheme (NDIS) Costing Billions Yearly.”
The latest federal #budget2022 forecasts spending on the #NDIS could hit ~$100 billion per annum in a decade and is looking at a new Taskforce costing $126m over four years to tackle NDIS fraud.
• The NDIS costs the Federal Budget $27b (FY22) and it has allocated $38b for FY23.
• Fraud levels have been reported to be as high as 15-20% (~$5b) last year.
• Gobbill has been detecting and preventing #scams and #fraud for its NDIS clients and other vulnerable people over years.
Contact Gobbill to find out more.
The Australian Criminal Intelligence Commission boss Michael Phelan claims that 15-20% (~$5Bn) annually in National Disability Insurance Scheme (NDIS) funding could be fraud. In June 2022, the NDIS paid out $27Bn for the year. As tax payers, we expect the funding to support participants of the scheme who are the most vulnerable in our community.
Gobbill as a registered NDIS provider, supports thousands of participants, nominees and their providers by facilitating valid NDIS claims and payments. We use our technology to prevent and detect fraud – hence protecting the NDIS budgets of our clients with disabilities.
A joint investigation by 60 MINUTES, The Sydney Morning Herald and The Age, has found that the NDIS money has proven an irresistible magnet for criminals. It’s a sad reality of life that some truly awful people walk among us. However, the title of “most despicable” must surely go to members of the organised crime networks who have been targeting vulnerable Australians in order to rip off the National Disability Insurance Scheme.
The NDIS is wanting to invest in an ability to detect, prevent and respond to fraud and non-compliant behaviour as the Scheme continues to grow.
Gobbill is an Australian FinTech company and registered NDIS Provider able to reduce fraud and waste. To find out more about Gobbill, contact us https://gobbill.com/contact/
Image from 60 Minutes
Join Gobbill’s CEO Shendon Ewans as he presents Gobbill at CA Catalyst’s Emerging Technology pitch night series.
CA Catalyst sources leading edge technologies from their ecosystem of strategic fintech hub partners that could transform your business.
You will hear from the entrepreneurs behind the emerging technology and get a first hand experience of a virtual Shark Tank-style pitch event.
If you’re keen to find out what startups are new in the innovation ecosystem and ask them questions about their journey, then this is for you. So, sit back, relax and watch these fantastic founders put it all on the table.
Live Webinar | Thursday, 14 October
2:00pm – 3:00pm | Perth, Hong Kong, Malaysia, Singapore
3:30 – 4:30pm | Darwin
4:30 – 5:30pm | Adelaide
4:00pm – 5:00pm | Brisbane
5:00pm – 6:00pm | Sydney, Canberra, Melbourne, Hobart
7:00 – 8:00pm | New Zealand
Andrea Hammond wanted to buy a Tesla 3 electric vehicle for good reasons but hackers intercepted Tesla’s company invoices and changed the bank details. Andrea together with another Tesla customer have collectively lost more than $130,000 after receiving fraudulent Tesla invoices. It is not clear at what point in the chain the emails with payment details were hacked.
Both customers are calling for Tesla to offer more secure payment options and for banks to improve checks on transactions.
Gobbill CEO Shendon Ewans said “Payment redirection fraud has been growing exponentially with more victims like Andrea being hit by scammers.” Mr. Ewans and co-founder Quentin Marsh started Gobbill as secure bill payments for family and friends which has grown to become a scale-up company over 5 years. Gobbill which is an Australian FinTech / Cyber Security company which has invested millions in research and development to protect business owners and individuals from scams and fraud.
Find out more about how Gobbill can protect you from payment fraud. https://gobbill.com
Source and photo from ABC News. Read more about the Tesla scam at ABC News
The pandemic has significantly changed our lives in different ways. Many small businesses and households have endured severe hardships and there is possibly more to come.
Melbourne’s Stage 4 lockdown was particularly difficult for the Gobbill team however, the business has ended the year of Covid in a strong position.
Our performance in the last six months has now exceeded pre-Covid payment processing levels and seen a systematic increase in our monthly recurring revenue by 2,300% in the last 12 months.
Since our inception in 2015, we have now connected and verified over 1,000 Australian billers and data sources.
We also acknowledge our partnership with Chinese payment provider AirPay FinTech (awarded ‘best partnership’ finalist in the Australia FinTech awards) and digital currency payments with Cointree.
The team at Gobbill is humbled to be named in the top 5 payment players disrupting the industry in Australia by IBS Intelligence along with Novatti.
Melbourne, Australia 24 March, 2020 – Fraud detection and payment automation company Gobbill and Chinese mobile payment company AirPay, have embedded Alipay and WeChat payments into a popular media platform to allow users to pay Australian bills with China’s favourite payment methods.
Over one million users will have the capability to pay Australian bills with WeChat Pay and Alipay, with a market-first feature called “ToPay” in popular Chinese media app, Today Australia.
The ‘ToPay’ feature will allow Today Australia users pay and categorise bills including phone, utilities, school fees, council rates and more, within a single app.
Users will also receive rewards scheme, such as discount meals via popular Asian food delivery platform Hungry Panda.
AirPay Head of FinTech Simon Tse said: “We are thrilled to announce our industry collaboration with Gobbill to provide Australian-Chinese a seamless and secure way to pay bills via smartphone. Our new payment platform “ToPay” helps us open new verticals, in addition to our wide QR payments coverage in high-end retail brands such as Gucci, Victoria’s Secret, Sneakerboy, Champion, Glue Store owned by Kering group, Valiram group, LRG group, Hanes Brands and Next Athleisure”.
“Chinese sales across retail are down 30-50 per cent this month, and we predict it will be a difficult financial year for many companies. Our next goal is to drive one million Chinese consumers to merchants via the everyday usage of our app” said Tse.
Gobbill CEO and co-founder Shendon Ewans said: “The timing is right to bring the two technologies together to process Chinese payments in Australia. We expect the convenience of making payments through a media app and associated rewards as an advantage.”
The payments function will be enabled by Gobbill as part of the company’s growth into the broader payments sector, particularly in connecting global markets with seamless and secure payments. Using AI automation, Gobbill forensically extracts data from invoices, checks for fraud and executes the payments.
Gobbill is a fraud detection and payment automation service designed for small businesses and busy households to save time, maximise cash flow and protect against scams and fraud. The end-to-end AI platform gives users control over payments with minimal effort. Gobbill forensically extracts data from invoices, checks for fraud using its proprietary “Know Your Biller™” fraud detection technology and automatically executes payments.
Cybercrime and invoice fraud has increased 7 fold in the last 3 years. UK Financial Conduct Authority (FCA) calls an “epidemic” of 3.8 million fraud cases reported in 2019. FBI is concerned with the issue growing to an estimated $5 trillion in losses by 2024.
Leveraging over 3 years of R&D, Gobbill can pay bills issued from over 40,000 Australian providers. The company 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. Gobbill is an Authorised Representative (1261196) of Australian Financial Services Licence Holder (448066). Gobbill’s UK office is based at the Royal Bank & NatWest FinTech Accelerator.
About AirPay Financial Technologies
AirPay is FinTech based in Melbourne with offices in Shanghai and Sydney providing one-stop mobile payment and marketing solution for merchants to accept and promote QR payments. AirPay is also integrated with Shopify to allow online retailers to accept Alipay and WeChat Pay seamlessly. The company is invested by SwiftPass Technologies, a wholly owned subsidiary of a China listed company and is a member of FinTech Australia.
About Today Australia
Media Today Group (also known as “Today Australia”) http://mediatodaygroup.com is Australia’s largest Chinese Internet “new media” platform delivered through an in-App experience, WeChat Official Account and WeChat Moment.
The group owns Internet media in five major cities: Sydney Today, Melbourne Today, Queensland Today, Adelaide Today, Perth Today, and two vertical Internet platforms: Australian Real Estate Today and Tourism Today.
Since its establishment on April 29, 2010, the group has been adhering to the business philosophy of “best-looking news and most practical information” and has gradually become the most influential and brand-value composite Chinese media group in the Australian Chinese community.
Former fraud investigator for the National Disability Insurance Scheme says too few people are dealing with fraud in the system. $2B could be in fraud per annum in the $22B per annum scheme.