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Regulation

+2

Citizens left holding the bill as the government undermines its payments reform agenda

Apr 8, 2026

Citizens left holding the bill as the government undermines its payments reform agenda

LockSimple

As Canberra bans surcharges in October, a glaring loophole has been left open that hands NAB the country's biggest commercial card windfall. Taxpayers will be forced to cover the cost of expensive corporate credit cards used to pay for government services, while public servants will inflict pain on small businesses every time they open their wallets, forcing up prices.

Fintech

+3

Game on. PSPs and acquirers fight to survive in a post-surcharge world

Apr 8, 2026

Game on. PSPs and acquirers fight to survive in a post-surcharge world

LockSimple

Ahead of what is likely to be the biggest Payment Service Provider (PSP) and acquiring market shakeup in decades, Tyro, Zeller, Westpac and CBA are already wooing customers for the post-surcharging world, while ANZ remains mum on its plans for ANZ Worldline.

THE LATEST


Regulation

+1

How the RBA created the surcharge snafu it now blames on others
LockSimple

Apr 8, 2026

How the RBA created the surcharge snafu it now blames on others

A2A

Feedback on costly NPP bulk payments solution due today
LockSimple

Apr 8, 2026

Feedback on costly NPP bulk payments solution due today

Merchant Service Fees

+2

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban
LockSimple

Apr 8, 2026

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban

Fintech

+1

Platform trap: Captured SMEs exposed to card fee shock
LockSimple

Apr 8, 2026

Platform trap: Captured SMEs exposed to card fee shock

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TRENDING


Merchant Service Fees

+2

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban
LockSimple

Apr 8, 2026

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban

New research from Money.com.au reveals that just one-third of Australians support the government's surcharge ban, with 87% expecting retailers to respond by raising prices, potentially triggering a fresh inflation spike at the worst possible time.

Fintech

+1

Platform trap: Captured SMEs exposed to card fee shock
LockSimple

Apr 8, 2026

Platform trap: Captured SMEs exposed to card fee shock

After announcing a surcharge ban on both credit and debit, the RBA’s remedy for small businesses to avoid card fee shock was to shop around for cheaper payments options. With just 176 days to run until the 1 October deadline, this simplistic economist view ignores just how deeply platform players like Xero, MYOB, Stripe, Square and Shopify have embedded themselves into Aussie businesses.

Fintech

Rubin takes local Chair for Airwallex
LockSimple

Apr 8, 2026

Rubin takes local Chair for Airwallex

Business leader and Reserve Bank of Australia Governance Board Director Elana Rubin has been appointed local Chair at Airwallex.

Cash

+4

"The fees don't disappear": voices calling foul on Australia's surcharge ban
LockSimple

Apr 8, 2026

"The fees don't disappear": voices calling foul on Australia's surcharge ban

Over the past week, commentary from across industry - Brad Kelly, the co-founder of the Independent Payments Forum (IPF), John Arnott, Director of AMP Bank Go, Jason Bryce, a Melbourne-based financial journalist and founder of CashWelcome.org, and Dr Fei Gao, Lecturer from the University of Sydney Business School - has highlighted the level of concern about the RBA’s decision during a period of high inflation and economic uncertainty.

The Interchange Bench

The Interchange Bench
LockSimple

Apr 8, 2026

The Interchange Bench

On The Interchange Bench this week Askew hangs up the Coles apron, ANZ’s Papahatzis dons the pay cap at QBE, Pyng plays “free” Fintech bingo, Monoova pokes the payments pooch for April fools, and AP+ slow releases consultation via drip feed LinkedIn.

Digital & Online

+2

As Stripe invests in Sydney Hub, is CBA about to eat its lunch?
LockSimple

Apr 1, 2026

As Stripe invests in Sydney Hub, is CBA about to eat its lunch?

While the increasingly pervasive US payments platform Stripe was busy announcing a new Sydney engineering hub in early March, Australia's biggest bank was quietly assembling the parts to compete with it head-on.

Fintech

+3

Fintechs grapple with stark no-surcharge future
LockSimple

Apr 1, 2026

Fintechs grapple with stark no-surcharge future

Following the Reserve Bank’s no surcharge decision, a gaggle of well-known fintechs including Zeller, Shift4, Zero, PayNuts, Square and Tyro may need to rebuild their business models and, in some cases, technology stacks, or risk losing massive market share back to the big banks.

Regulation

+2

Inflation fuel: RBA gifts banks and US card schemes a big win on cards fees and surcharges
LockSimple

Apr 1, 2026

Inflation fuel: RBA gifts banks and US card schemes a big win on cards fees and surcharges

Yesterday’s glossy, spin-doctored RBA announcement felt more like a corporate launch than a regulatory decision, complete with case studies, vox pops and puffed up stats to back in the central bank’s long-awaited decision. But while the banks, the ACCC and US card schemes were celebrating their lobbying efforts on interchange relief and surcharging bans, small businesses were considering how much they will need to lift prices to deal with the thousands of dollars in extra fees they will need to pay come October.

A2A

+2

Invest and coordinate: more work ahead to build real time resilience
LockSimple

Apr 1, 2026

Invest and coordinate: more work ahead to build real time resilience

Commonwealth Bank, Westpac, ANZ and NAB are among the industry players who who could make better use of “underutilised critical infrastructure” to finally unlock the power of resilience, trust and real time payments in Australia.

Regulation

+2

NZ blocks surcharge ban, UK prioritises "tackling high card fees"
LockSimple

Apr 1, 2026

NZ blocks surcharge ban, UK prioritises "tackling high card fees"

Australia's Reserve Bank will ban business from surcharging the cost of card transactions from October 1, all whilst the rest of the world grapples with reducing the impact of high merchant fees on small businesses.

Merchant Service Fees

+3

Small businesses are scratching their head at how banning surcharges can be good for them
LockSimple

Apr 1, 2026

Small businesses are scratching their head at how banning surcharges can be good for them

A wide range of businesses and small business groups are convinced that the RBA has kicked an own goal on inflation with an April Fool’s joke that is not funny.

The Interchange Bench

The Interchange Bench
LockSimple

Apr 1, 2026

The Interchange Bench

On The Interchange Bench this week, James Kozik gets the top job at Zai, NZ joins US in axing surcharge bans as RBA does the opposite, the PSP formerly known as Smartpay - Shift4 - releases results, Zero’s Lucius Orsini may need a rebrand, Zeller follows ANZ Worldline with Discover and Diners upgrade, and notorious PayDay News columnist and IPF co-founder Brad Kelly gets a gong.

Digital & Online

+1

The settlement infrastructure that triggered the fake home loans scandal is AML-free
LockSimple

Apr 1, 2026

The settlement infrastructure that triggered the fake home loans scandal is AML-free

About 90,000 new entities including property settlement monopoly PEXA, brokers, accounts, lawyers will fall under AUSTRAC compliance from July - as PEXA eyes the New Payments Platform.

Regulation

+1

Tokenisation is coming, but Australia's still got a lot of work to do: RBA
LockSimple

Apr 1, 2026

Tokenisation is coming, but Australia's still got a lot of work to do: RBA

Brad Jones laid out a roadmap for tokenised money and assets at the Australian Payments Plus Beyond Tomorrow conference. The message to industry: we've kicked the tyres, we know what works, the clock is ticking and we have a lot to do.

Regulation

+2

Unplugged Binance fined $10m for exposure
LockSimple

Apr 1, 2026

Unplugged Binance fined $10m for exposure

Binance Australia is having a bad year. After being unplugged after a short stint riding the Australian financial system via Bolt Group and Banking Circle, the company has now been fined $10 million for exposing its customers to high risk crypto products without protection and is still under an AUSTRAC investigation.


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