The World Bank - or International Bank for Reconstruction & Development - rated Aaa/AAA by (Moody's/S&P) has priced a new A$110 million 2.20 per cent 28 August 2020 fixed-rate Kangaroo bond on a blockchain platform. The bond is re-offered at 23 basis points over semi quarterly asset swap rate, which equates to yield 2.251 per cent with a price of 99.901. Settlement date is 28 August 2018. Commonwealth Bank of Australia is sole bookrunner for the transaction. SWIFT is to start testing a new real time cross-border payments service in Australia, designed to scale and integrate with real-time systems around the region through gpi members in each system. While other real-time systems will be added in due course, this initial trial will be focused on payments going into Australia, and processed through the New Payments Platform. The banks participating in this cross-border real-time payments trial are ANZ, Bangkok Bank, Bank of China, China Construction Bank, Commonwealth Bank, DBS, ICBC, KASIKORNBANK, NAB, Siam Commercial Bank, Standard Chartered Bank and United Overseas Bank. ANZ has settled with a former senior trader at the bank's New York office, Enilolobo Malika Oyo, after the tactics of its external lawyers were revealed by Fairfax Media. ANZ's external law firm had been defending a claim of unfair dismissal due to a "toxic culture" by Oyo, forcing her in a pre-trial hearing to divulge details of her rape as a teenager and grilling her about her sexual history. The terms of the settlement are at this stage unknown, but it's expected to result in a multi-million dollar payment to the former foreign exchange trader, reports Fairfax media. Two of Kiwibank's biggest shareholders, the NZ Super Fund and the Accident Compensation Corporation, have filed legal notices over the bank's failed IT upgrade, reports The Dominion Post.  The two Crown entities are reportedly alleging majority owner NZ Post breached its obligations by failing to disclose the risks associated with the major upgrade of Kiwibank's CoreMod IT system. However, NZ Super said court action was not imminent and the parties were in discussion. The upgrade saw over NZ$100 million spent before it was abandoned, with Kiwibank saying "alternative options" were being considered. Allowing online retailers to save your card details tops the list of credit card fraud risks outlined by Kiwi online safety organisation Netsafe in its latest quarterly report. This was followed by fraud through gained access to information by manipulating credit card customers, such as posing as a bank or service provider. Other tricks used by credit card fraudsters (and mostly a risk to Kiwis travelling abroad) include skimming using "ghost terminals" and fake wi-fi networks in tourist hotspots. Number five on the list is online gaming fraud, where hackers use malware to access other players' user names and passwords which are used to make in-app purchases or access credit card details.