Flywire is switching off card surcharges for Australian hotel clients like Hamilton Island ahead of Thursday's ban, but its hospitality sales chief says guests will pay for the
A three-hour NAB outage has renewed scrutiny of legacy banking systems and prompted calls for standardised reliability targets, faster reporting and senior accountability when digital services fail.
Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the RBA cuts interchange rates and CommBank prepares a
Banks are cutting consumer rewards while offering ABN holders 375,000-point bonuses, as government-issued NAB cards retain commercial rates, exposing small merchants to higher costs under Canberra’s own rules
Is a possible 100% price hike in 7 years too much? Armaguard’s long-awaited proposed cash distribution terms could expose small banks and retailers to higher costs, raising questions
As the surcharge “ban” comes into effect today, Visa and Mastercard have unveiled hefty hikes to their credit card fees for large and mid-sized merchants in an effort to claw back interchange losses for the issuing banks. Visa’s rates show it’s also targeting Australian governments
As major banks scramble to unify fragmented trans-Tasman payment systems, agile fintechs and digital currencies are quietly siphoning off high-margin cross-border commercial payment flows.
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TRENDING STORIES ▸
Payments COMMENTARY ▸
Despite claims of savings for Aussie consumers and businesses that may come with the Reserve Bank’s decision on card fees and surcharging, there are definite winners out of all of ...
The distinction between three and four party schemes in Australia is increasingly blurry, writes Vibhu Arya. ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Volt gains Australian payments licence, RBA staff reject pay deal as inflation bites and interest rates soar, embattled Bolt gets a Mastercard passkey, Carrabs ...
On The Interchange Bench this week, Ollerenshaw joins Cuscal as chief people officer, Haylock goes to market at Hello, Amex serves up NFL slice of Americana, Visa’s up for some ...
A2A ▸
Australia’s payments roundtable is still weighing how to deliver bulk and pull payments, with customer forums starting in October and a roadmap yet to set priorities or dates.
Australian Payments Plus (AP+) and Commonwealth Bank have joined a Swift initiative to let Australians send money overseas using familiar identifiers at an unspecified date, as domestic account-to-account
University students are jumping on PayID to pay their fees, thanks to an Azupay integration with Curtin.
After a direct transfer of its Australian Payments Plus (AP+) relationship, the newly acquired Bolt Group app continues to be directly banked through Cuscal, despite its new owner’s
India has put account-to-account (A2A) payments behind the same tap consumers use for cards, potentially removing a critical adoption barrier that has frustrated Australian payment providers for almost
CARDS ▸
Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the RBA cuts interchange rates and CommBank prepares a
Banks are cutting consumer rewards while offering ABN holders 375,000-point bonuses, as government-issued NAB cards retain commercial rates, exposing small merchants to higher costs under Canberra’s own rules
Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future economics of Australia’s domestic debit network.
When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to the bill shock.
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers
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Topics: CASH ▸
Is a possible 100% price hike in 7 years too much? Armaguard’s long-awaited proposed cash distribution terms could expose small ...
The Reserve Bank says the cash it prints remains critical to Australia’s payments system, while leaving industry to resolve the ...
Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions ...
Topics: BANKS ▸
As major banks scramble to unify fragmented trans-Tasman payment systems, agile fintechs and digital currencies are quietly siphoning off high-margin ...
Australia’s wholesale financial system has fallen behind its dynamic retail payments market, prompting the RBA and banks to accelerate tokenised ...
CBA-owned ASB is changing leaders as New Zealand confronts major decisions on cash, real-time payments, open banking and stronger Trans-Tasman ...
Topics: SCAMS & FRAUD ▸
CBA has deepened its relationship with new card partner Discover, teaming with owner Capital One on principles to rein in ...
The Intergenerational Report warns AI-powered scams, cyberattacks and geopolitical fragmentation will reshape payment risks, while Payday Super embeds payments infrastructure ...
Australian customers were not impacted after the global fintech was tricked into handing sensitive customer information to scammers raising fresh ...
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Be careful what you wish for. The inevitable outcome of the surcharge ban