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Payroll services provider PayMe loses challenge to Paymend trade mark
Intellectual Property 2023-10-16 10:24 pm By Cindy Cameronne

Payroll services provider PayMe Australia has lost its opposition to fintech Paymend’s bid to trade mark its name, with an IP Australia delegate finding the marks are not substantially identical. 

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Crypto is ‘not money’: Finder Wallet fights ASIC case
Cryptocurrency 2023-10-04 9:33 pm By Cindy Cameronne

Finder Wallet has argued it did not need a financial services licence to sell its crypto product Finder Earn because it was not money, but instead allowed customers to purchase an asset and acted as a marketing tool to funnel users to its app. 

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Zip offered Firstmac $4M to settle trade mark suit
Intellectual Property 2023-09-13 1:52 pm By Cindy Cameronne

Buy now, pay later company Zip Co offered $4 million to settle a lawsuit by mortgage provider Firstmac alleging infringement of its ‘Zip’ trade mark which it ultimately defeated.

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PayPal taken to court over 60-day deadline for complaints
Financial Services 2023-09-07 12:54 pm By Sam Matthews

The corporate regulator has filed a suit against fintech giant PayPal over a term in its contracts with small businesses that sets a deadline for complaints about excess fees.

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Tyro lawsuit accuses authorised rep of pushing competing EFTPOS product
Fintech 2023-09-04 2:54 pm By Cat Fredenburgh

Fintech Tyro has taken an authorised representative to court for allegedly breaching its contractual obligations by pushing a competing payment system on merchants.

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Ex-GC loses Fair Work case against fintech Littlepay
Judgment 2023-08-30 2:23 pm By Cat Fredenburgh

The former general counsel of UK-based transit payment provider Littlepay has lost her lawsuit alleging she faced a hostile workplace when she returned from maternity leave and was dismissed for making complaints about the company’s CEO and another global executive.

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SMBC can add new claims in $34M case over Forum Finance receivables
Westpac 2023-06-02 4:00 pm By Gareth Baker

SMBC has been cleared to add more claims to its $34 million suit against Humm Group after the fintech’s subsidiary allegedly misled the Japanese bank about worthless receivables under contracts said to be forged by a Forum Group entity.

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Zip wins high-stakes trade mark stoush with Firstmac
Intellectual Property 2023-06-01 11:51 pm By Sam Matthews

Buy now, pay later giant Zip Co has successfully defended a lawsuit over its use of Firstmac’s ‘Zip’ trade mark and won its bid to have the mortgage provider’s mark removed for non-use.

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In battle of Spitfire creditors, appeals court provides clarity on R&D refunds
Appeals 2023-05-31 2:22 pm By Cindy Cameronne

A private investment fund has won its claim as a secured creditor over $2 million in research and development tax refunds that a court previously found should go to employees in a fight over funds remaining following the collapse of fintech Spitfire Corporation. 

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Tyro class action judge OK’s $2.5M in settlement deductions after railing against earlier deal
Class Actions 2023-05-30 11:04 pm By Cindy Cameronne

A judge who eviscerated a prior bid by a law firm and funder to take home 60 per cent of a $5 million class action settlement with Tyro has allowed them to net half of the proceeds, questioning whether some of the costs amounted to a “complete breach” of legal professional duties.

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