FEATURED
Cash
+3
May 20, 2026
Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%
Bank reporting of illegal tobacco to AUSTRAC is ramping up and starting to have real world impacts, with suspect funds being confiscated after accounts were flagged by ANZ and Westpac. But there is a lot more to be done ... stores remain open and the trade continues to shift online, as illicit alcohol looms as the next big underworld threat.
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TRENDING
Fintech
+2
May 20, 2026
Cuscal and Tyro – A tale of two cities
Perception is everything in the financial markets and right now investors like Cuscal but have serious doubts about Tyro’s future, creating a mammoth task for CEO Nigel Lee to re-establish confidence.
Banks
+1
May 20, 2026
Business credit is where the action (and interchange) is
Commonwealth Bank’s quarterly results show what is becoming a familiar pattern of business lending growth amongst the big bank card issuers, after NAB and Westpac also showed big spikes.
Cash
+1
May 20, 2026
Other than fuel, Aussies are still spending as inflation pressure rises
With the Reserve Bank continuing to predict inflationary pain for the near term, new data from The Commonwealth Bank (CBA) suggests Aussies are continuing to splash out on discretionary items while shying away from the petrol pump.
Fintech
+1
May 20, 2026
CGT reform fears spark fintech founder backlash over innovation exodus
Australia’s fintech sector has warned proposed capital gains tax reforms could cripple startup investment, weaken employee equity incentives and push founders, talent and capital offshore just as global competition for technology innovation intensifies.
Fintech
+1
May 13, 2026
Banking Circle customer chaos - first Binance and now Revolut’s $3m zombie PayTo fraud bungle
Hundreds of zombie Revolut accounts have been used to fleece about $3 million using fraudulent PayTo requests via Banking Circle’s tech stack ... but nobody wants to talk about why it wasn't spotted sooner. The "incident" follows another Banking Circle customer - Binance - having to be unplugged unceremoniously from the New Payments Platform (NPP) in January.
Fintech
+1
May 13, 2026
Bonza and Revolut show how PayTo can go wrong ... but who pays the bill?
Who pays for PayTo fraud and chargebacks is an issue that needs to be ironed out quickly as transactions grow in the market. Monoova confirms what consumers don’t want to hear - “it’s complex”.
Banks
+1
May 13, 2026
Can open banking help tackle Australia’s $82 billion illicit finance problem?
Plagued with delays and scope changes, the CDR rails were built to ease consumer switching — but industry experts said open banking could also help alert us to criminal activities across banks, telcos and platforms, including the growing mortgage fraud problem.
Fintech
+1
May 13, 2026
CBA selects FIS to streamline reconciliations
The Commonwealth Bank (CBA) has enlisted the help of FIS to consolidate and automate reconciliation across the bank, with the solution to process over 150 million transactions daily.
Cash
+5
May 13, 2026
Merchant fees hit record highs as card spending surges
Visa and Mastercard credit card merchant fees both reached 0.99% in the March quarter - the highest levels on record - while debit fees also climbed sharply. The increases come as card spending hit historic highs, with credit up 12% and debit surging 15% year-over-year, putting additional pressure on retailers already facing margin compression.
Fintech
+1
May 13, 2026
Online gambling bans to impact PSPs and fintechs
Payment Service Providers (PSPs) and fintechs are likely to lose a raft of lucrative customers after the Prime Minister announced that bans on online gambling products are being strengthened.
Fintech
+1
May 13, 2026
Paperwork: Why Xero won't join Australia's open banking yet
Xero is still sitting outside Australia's Consumer Data Right regime, blocked by a bank-administered paper form for so-called "nominated representatives" that 6 in 10 small business customers never manage to sign.
Banks
+2
May 13, 2026
Visa partners to test agentic ecosystem
A host of Australian partners including ANZ, Bank of Melbourne, BankSA, Cuscal, ING, Latitude Financial, NAB, St. George, and Zip have signed up to Visa’s Agentic Ready program, in what Visa said was an important step in preparing the local ecosystem for the next phase of agentic commerce.
Cash
+1
May 13, 2026
Westpac brings back cardless cash withdrawals ... with a twist
After pulling the plug in 2024, Westpac has brought back cardless cash withdrawals, to suit the modern era.
Cash
+1
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.
Banks
+1
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.
Fintech
+1
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.
