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Fintech

+1

Revolut shuts down PayTo after “incident”

May 6, 2026

Revolut shuts down PayTo after “incident”

LockSimple

Wannabe Aussie bank Revolut has turned off PayTo following an unexplained incident, with its New Payments Platform (NPP) access provider - understood to be Banking Circle - AP+ and regulators clamming up when approached for comment.

Digital & Online

+1

NAB card switch moving to the cloud

May 6, 2026

NAB card switch moving to the cloud

LockSimple

NAB has started building a new cloud-based payments switch and intends to begin migrating its entire acquiring operation next year.

THE LATEST


Fintech

+1

Westpac and NAB ramp up as paytechs grab small business lending
LockSimple

May 6, 2026

Westpac and NAB ramp up as paytechs grab small business lending

Banks

Can payments pump Nuno’s numb NIM?
LockSimple

May 6, 2026

Can payments pump Nuno’s numb NIM?

A2A

Canberra-focussed A2A Vision attempts to tackle industry and global threats
LockSimple

May 6, 2026

Canberra-focussed A2A Vision attempts to tackle industry and global threats

Scams & Fraud

Chargeback fraud is real but the problem runs deeper than bad customers
LockSimple

May 6, 2026

Chargeback fraud is real but the problem runs deeper than bad customers

STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS

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TRENDING


Fintech

+1

NAB-backed Banked quiet in Aussie market as local boss moves to Stripe
LockSimple

May 6, 2026

NAB-backed Banked quiet in Aussie market as local boss moves to Stripe

Former Banked and Waave boss Ben Zyl has moved to Stripe, as his former employer goes quiet in the Australian market and key customers appear to have moved on.

Cash

Smart ATMs, hard cash: Tim Wildash on the $300,000 problem the banks haven't solved
LockSimple

May 6, 2026

Smart ATMs, hard cash: Tim Wildash on the $300,000 problem the banks haven't solved

By pulling regional bank branches and hoping smart ATMs fill the gap, the major banks have signalled that their investment in people is inexplicably shrinking at the very moment it's needed most ... and possibly creating a security problem they haven't thought through.

Cards

When eftpos cuts rewards, will the global schemes win back market share?
LockSimple

May 6, 2026

When eftpos cuts rewards, will the global schemes win back market share?

Australian Payments Plus is quietly switching off the eftpos card-matching engine that it said is declining and under-utilised. The result could push shoppers back to credit rails just as the Reserve Bank is trying to reduce costs in the system.

Cash

+1

ACCC and RBA to step up in cash distribution role
LockSimple

May 6, 2026

ACCC and RBA to step up in cash distribution role

Whilst the new pricing model for Armaguard continues to be delayed, Treasury is requesting feedback on a cash distribution bill, one that assigns new powers to the ACCC and RBA to ensure the sustainability of cash services in Australia.

Digital & Online

Apple's $31B services record that may worry the banks
LockSimple

May 6, 2026

Apple's $31B services record that may worry the banks

Apple's services line just posted its biggest quarter ever - $31 billion and rising. For payments people, that single number tells you everything about where John Ternus is steering the company.

Banks

+1

Digital trouble spots driving bank-based Digital Identity play ConnectID
LockSimple

May 6, 2026

Digital trouble spots driving bank-based Digital Identity play ConnectID

Out of necessity rather than government intervention, the shift towards digital identity is moving rapidly, with ConnectID – a solution backed by Australian Payments Plus (AP+), Commonwealth Bank, NAB, ANZ and Westpac - taking a leading role.

The Interchange Bench

The Interchange Bench
LockSimple

May 6, 2026

The Interchange Bench

On The Interchange Bench this week, Zyl and Traianou chase big fish for Stripe, customer advocate Hillier joins Fatty Z, Kutzner thinks the Europeans may have a point on sovereignty, some fintech commentators have selective hearing on the new A2A consultation, Spike Lee to front Airwallex as revenues and losses mount, and India proposes speed humps on instant payments.

Fintech

Can fintechs like Kismet help government untangle the NDIS mess?
LockSimple

May 6, 2026

Can fintechs like Kismet help government untangle the NDIS mess?

With the federal budget looming and government looking for big spending cuts, Melbourne fintech Kismet has launched a digital provider invoicing tool it said could unlock $630 million in annual NDIS productivity gains, applying real-time compliance checks before submission.

Digital & Online

Two-thirds of Aussie businesses embracing “social selling”
LockSimple

May 6, 2026

Two-thirds of Aussie businesses embracing “social selling”

Social commerce is on the rise with both consumers and businesses turning to the platforms to buy and sell goods, according to a new study from PayPal.

Digital & Online

+1

ANZ introduces streamlined international money transfers
LockSimple

May 6, 2026

ANZ introduces streamlined international money transfers

ANZ said sending money overseas may be safer, simpler and faster thanks to its upgraded International Money Transfers feature on ANZ Plus.

Digital & Online

+1

10,000 pages of law and $140 billion in wages: inside Employment Hero's AI co-employment play
LockSimple

Apr 29, 2026

10,000 pages of law and $140 billion in wages: inside Employment Hero's AI co-employment play

As Payday Super looms, Employment Hero is banking on AI to help streamline workforces and create return on investment.

Fintech

+1

Adyen partnership sees big savings for 1Cover
LockSimple

Apr 29, 2026

Adyen partnership sees big savings for 1Cover

Travel insurer 1Cover claims a $35,000 saving by streamlining its payments stack through Adyen partnership.

Fintech

+1

Ant International & Citi launch PayTo for Australian SMEs
LockSimple

Apr 29, 2026

Ant International & Citi launch PayTo for Australian SMEs

Ant International and Citi plan to launch PayTo on Ant’s service in Australia aimed directly at the small business market.

Digital & Online

+1

ANZ Buys Out Worldline's 51% Stake in Merchant Payments Joint Venture
LockSimple

Apr 29, 2026

ANZ Buys Out Worldline's 51% Stake in Merchant Payments Joint Venture

ANZ has pulled the trigger. The bank announced today it's entered a binding agreement to acquire Worldline S.A.'s 51% share in ANZ Worldline, the Melbourne-headquartered merchant payments joint venture that's been running since 2022.

Digital & Online

+1

Apple Pay “tax” row intensifies as inquiry evidence collides
LockSimple

Apr 29, 2026

Apple Pay “tax” row intensifies as inquiry evidence collides

Inquiry evidence has sharpened the fight over Apple Pay fees, with banks warning of competitive barriers while the RBA’s own cost framework appears to entrench wallet charges.

Digital & Online

+1

Brace yourselves! Big change coming for millions of Xero, MYOB and QuickBooks users
LockSimple

Apr 29, 2026

Brace yourselves! Big change coming for millions of Xero, MYOB and QuickBooks users

Xero tells 1.7 million small businesses to buckle up, get ready and possibly hike prices ahead of two big payments changes – the surcharge ban and Payday Super.

Cards

EV giant Chargefox lands on WEX Motorpass, as Visa and Mastercard circle
LockSimple

Apr 29, 2026

EV giant Chargefox lands on WEX Motorpass, as Visa and Mastercard circle

As competition from Visa and Mastercard in the Australian fleet card market intensifies, WEX Motorpass just became the first multi-brand fuel card to integrate EV charging with Chargefox which has partnerships with the likes of NRMA, RACV, RACQ, RAA, RAC, RACT, Coles, Woolworths, McDonalds and a network of councils and universities.

Merchant Service Fees

+2

Fee fog thickens as Visa and Mastercard sidestep parliamentary scrutiny
LockSimple

Apr 29, 2026

Fee fog thickens as Visa and Mastercard sidestep parliamentary scrutiny

As the Reserve Bank moves to increase transparency on fees, the global card giants deflect detailed parliamentary questions on $2 billion in scheme fees. They have instead leaned on global narratives, while avoiding direct answers on Australian cost increases and merchant impacts.

Government

+1

INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal
LockSimple

Apr 29, 2026

INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal

NSW commuters will see enhanced services, a new Opal app and the rollout of 25,000 new readers, under a $820m deal announced by the NSW Government yesterday. Officials compared the upgrade to replacing tech from “the start of the century such as the Blu-Ray Player and the first Blackberry”.

Digital & Online

Inside the transaction engine: Coles conquers online liquor delivery with Omnivore
LockSimple

Apr 29, 2026

Inside the transaction engine: Coles conquers online liquor delivery with Omnivore

How Omnivore kept 985 Coles Liquor stores running through Christmas without a hitch.

Cash

+1

Regional Australia doesn't need smarter ATMs, it needs bank branches
LockSimple

Apr 29, 2026

Regional Australia doesn't need smarter ATMs, it needs bank branches

An ACCC filing suggests the Australian Banking Association wants multi-bank deposit ATMs to fill the gap left by 1,564 branch closures since 2020. But regional banks and their communities said a machine in a wall is no substitute for a person behind a counter.

The Interchange Bench

The Interchange Bench
LockSimple

Apr 29, 2026

The Interchange Bench

On The Interchange Bench this week, Cash Out Day warms up ATMs, NSW Treasury looks for Payments Strategy lead, Jack Zhang’s Airwallex pushes POS while Prospa pushes points, KuCoin jumps on Mastercard rails and concerned travel agents pack surcharge ban meeting.

Banks

+1

Warning! CBA’s new AI fraud agent tests 80m signals a day
LockSimple

Apr 29, 2026

Warning! CBA’s new AI fraud agent tests 80m signals a day

Commonwealth Bank customers may start to notice more proactive warnings about potentially fraudulent transactions after the bank deployed an advanced agentic AI system.

Cards

As fuel soars Visa and Mastercard take aim at Australia's fleet card market
LockSimple

Apr 22, 2026

As fuel soars Visa and Mastercard take aim at Australia's fleet card market

The global payments giants are partnering with big banks like Westpac to move into territory long dominated by Fleet Card and WEX's Motorpass, and petrol station operators said the incumbents have had it too good for too long.

Digital & Online

+1

ASX finally live with $125m CHESS Release 1
LockSimple

Apr 22, 2026

ASX finally live with $125m CHESS Release 1

After years of regulatory pressure and a significant system crash, the ASX is finally live with CHESS Release 1, with all Approved Market Operators advised they were successfully connected this week.

Fintech

Blackhawk launches stored value platform for consumer engagement
LockSimple

Apr 22, 2026

Blackhawk launches stored value platform for consumer engagement

The new platform unifies refunds, promotional dollars, loyalty rewards and gift cards into one consumer balance that serves as a retention and marketing tool for brands.

Cash

+1

Cash use trending up and “essential”: RBA
LockSimple

Apr 22, 2026

Cash use trending up and “essential”: RBA

With $107 billion in cash notes circulating in the economy, the Reserve Bank reaffirms its commitment to “ensure cash remains a viable means of payment". New data shows around half of Australians use cash every week, and about 1.5 million adults rely on it as their main form of payment.

Regulation

+2

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program
LockSimple

Apr 22, 2026

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program

The Reserve Bank of New Zealand is keen to prioritise an account-to-account network but industry body Payments NZ is concerned that security issues should take priority.

Fintech

+2

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia
LockSimple

Apr 22, 2026

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia

Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.

Fintech

+1

Mystery to shroud BECS future until July: AusPayNet
LockSimple

Apr 22, 2026

Mystery to shroud BECS future until July: AusPayNet

Despite potential impacts on NPP-centric fintechs and other payments stakeholders, AusPayNet won’t make public the results of its assessment of options to upgrade the Bulk Electronic Clearing System (BECS) until July.

Fintech

PayNuts unveils refreshed brand and solutions
LockSimple

Apr 22, 2026

PayNuts unveils refreshed brand and solutions

PayNuts has unveiled a refreshed brand identity and an expanded suite of integrated business solutions designed to woo small businesses.

Digital & Online

+3

Perfume and petrol: what two April data drops reveal about the Aussie wallet
LockSimple

Apr 22, 2026

Perfume and petrol: what two April data drops reveal about the Aussie wallet

Experian's latest Business Pulse paints one picture of the Australian consumer. CommBank's March Household Spending Insights paints another. Read them side by side, and the shape of 2026 gets interesting fast.

Fintech

+1

Sydney’s Hello Clever teams with Checkout.com on global AI and rewards play
LockSimple

Apr 22, 2026

Sydney’s Hello Clever teams with Checkout.com on global AI and rewards play

A new deal with Checkout.com aims to further expand Sydney based Hello Clever’s international growth strategy, having already established regional headquarters in Singapore, New York, and Tokyo.


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