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Cash

+1

Cash tax imminent for Aussie regions as Armaguard confirms new pricing is close

Jun 17, 2026

Cash tax imminent for Aussie regions as Armaguard confirms new pricing is close

LockSimple

Armaguard has confirmed the long-delayed Deloitte pricing model is close to final, but industry insiders warn it will feature a tiered model that gets more expensive the further you get from the capital city CBDs.

HR

+1

Tyro cuts jobs, chases big customers as Lee shifts gear for "growth phase"

Jun 17, 2026

Tyro cuts jobs, chases big customers as Lee shifts gear for "growth phase"

LockSimple

After revealing plans to finally put its under-utilised banking licence to work, Tyro, CEO, Nigel Lee, is now taking an axe to headcount, reprioritising resources and chasing bigger customers in an effort to bolster the company's lagging performance.

THE LATEST


Surcharging

+2

Is Amex sleepwalking into regulatory and customer nightmare?
LockSimple

Jun 17, 2026

Is Amex sleepwalking into regulatory and customer nightmare?

Fintech

+1

Revolut renews bank licence bid and launches $1,200 debit card as regulatory clouds gather
LockSimple

Jun 17, 2026

Revolut renews bank licence bid and launches $1,200 debit card as regulatory clouds gather

Top Stories

+1

Amex leads the way on “service fee” model for payments platforms
LockSimple

Jun 17, 2026

Amex leads the way on “service fee” model for payments platforms

Surcharging

Visa spent 15 years killing surcharges now it wants the banks to do the dirty work
LockSimple

Jun 17, 2026

Visa spent 15 years killing surcharges now it wants the banks to do the dirty work

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TRENDING


Top Stories

+1

Mobile tap takes the lead as card spend hits new records
LockSimple

Jun 17, 2026

Mobile tap takes the lead as card spend hits new records

For the first time, more than half of all contactless in-store debit card transaction value is being generated from tapping with a mobile device.

Featured

+1

Banking Circle opens Australia to pipeline of global stablecoin players
LockSimple

Jun 17, 2026

Banking Circle opens Australia to pipeline of global stablecoin players

Banking Circle is expanding its Australian stablecoin push, introducing a pipeline of international digital asset firms to local payment rails while remaining silent on recent PayTo disruptions involving two customers.

The Interchange Bench

The Interchange Bench
LockSimple

Jun 17, 2026

The Interchange Bench

On The Interchange Bench this week, Paymark loses Maxine Elliott after Cuscal buyout, Jose Barroso leaves Zai, payments glitz infiltrates the World Cup, ANZ hires new NZ CEO Ben Kelleher, Brad Pragnell re-starts private consulting after COBA gig, Paul Griffin exits Littlepay and Robert Denina moves from PAX to Cuscal.

Featured

+1

Home Affairs wants telcos and cloud giants to stop cyber threats upstream
LockSimple

Jun 17, 2026

Home Affairs wants telcos and cloud giants to stop cyber threats upstream

The new Horizon 2 plan leans on the companies sitting above your screen, the telcos and cloud operators, to kill attacks at scale and speed before they result in system attacks, data breaches, fraud and scams in Australia.

Featured

+1

ConnectID rolls out nationally through Telstra retail network as Canberra’s scam rules loom
LockSimple

Jun 17, 2026

ConnectID rolls out nationally through Telstra retail network as Canberra’s scam rules loom

With the fight against scams and fraud firmly on the political agenda, Telstra just made it simpler to verify your identity using the payments rails, allowing you to check in with an organisation that already knows who you are - like one of the Big Four banks, Westpac, Commonwealth Bank (CBA), ANZ and NAB – without sharing sensitive documents.

Featured

+1

Amex ordered to compensate customer after privacy breach
LockSimple

Jun 17, 2026

Amex ordered to compensate customer after privacy breach

The Australian Privacy Commissioner has ordered American Express Australia to compensate a customer, apologise and strengthen internal controls after finding the card issuer failed to adequately protect personal information from unauthorised employee access.

Regulation

ASX admits CHESS claims misled market, faces $20.5m penalty
LockSimple

Jun 17, 2026

ASX admits CHESS claims misled market, faces $20.5m penalty

The Australian Securities and Investments Commission (ASIC) has struck a proposed settlement with ASX Limited after the market operator admitted it misled investors about the progress of its troubled CHESS replacement project.

AI

Visa unveils vision for “programable commerce” and OpenAI partnership
LockSimple

Jun 17, 2026

Visa unveils vision for “programable commerce” and OpenAI partnership

Agent scoring, agentic registry and large transaction model capabilities, stablecoin settlement and token enhancements support the next generation of digital commerce says Visa.

Fintech

OKX Pay launches in Australia
LockSimple

Jun 17, 2026

OKX Pay launches in Australia

Global cryptocurrency exchange launches new everyday spending instrument for Australian customers, offering up rewards in global dollar stablecoin, USDG.

Surcharging

+1

US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules
LockSimple

Jun 11, 2026

US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules

Just days after eftpos and American Express, card scheme giants Visa and Mastercard have formally confirmed what most of the payments industry already knew: both will enforce "no surcharge" rules on Australian merchants from 1 October.

Crypto

An Australian fintech just made the first legal crypto bet in Nevada history
LockSimple

Jun 10, 2026

An Australian fintech just made the first legal crypto bet in Nevada history

Aussie fintech BurraPay spent a decade building the compliance plumbing that finally got Bitcoin past the Nevada Gaming Control Board. The first depositor was a bare-knuckle boxer with 23 million TikTok followers.

HR

Aussie IPF joins powerful global merchant group
LockSimple

Jun 10, 2026

Aussie IPF joins powerful global merchant group

Australia’s Independent Payments Forum (IPF) has been selected to provide Australian perspectives to global retailers through the Merchant Advisory Group (MAG) which boasts members such as Amazon, Walmart, The Walt Disney Company and Netflix.

Digital & Online

+1

Australians yawn at CBDC as RBA explores future of digital money
LockSimple

Jun 10, 2026

Australians yawn at CBDC as RBA explores future of digital money

Australians are more interested in solving real-world payment frustrations than adopting a digital version of the Australian dollar, according to early findings discussed by the Reserve Bank's Payments System Board.

Cash

+1

Big four move to outfox Armaguard at arm's length
LockSimple

Jun 10, 2026

Big four move to outfox Armaguard at arm's length

ANZ, CBA, NAB and Westpac have asked the ACCC for authorisation to run cash distribution through a jointly owned company that replaces Westpac as the Reserve Bank's licence holder, spreads the banknote liability 25% each, and keeps Armaguard at arm's length.

Banks

+1

CBA unleashes AI “Companion” for testing on real customers
LockSimple

Jun 10, 2026

CBA unleashes AI “Companion” for testing on real customers

Commonwealth Bank’s AI vision just got real, with the bank unleashing “CommBank Companion” for testing on both businesses and consumers last week.

Merchant Service Fees

+2

eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees
LockSimple

Jun 10, 2026

eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos owner Australian Payments Plus (AP+) plugs least cost routing as merchants prepare to swallow billions in fees and questions swirl about policing “no surcharge” rules and a potential resurgence of terminal service fees.

Regulation

+1

Industry considers who pays when PayTo goes wrong
LockSimple

Jun 10, 2026

Industry considers who pays when PayTo goes wrong

More than 30 payment providers met with Australian Payments Plus (AP+) on Friday, as Revolut’s recent zombie fraud issue pushed PayTo's awkward liability question out of conference panels and into the operator's boardroom.

Regulation

+1

Inside a Telstra impersonation scam that hit a Sydney grandmother
LockSimple

Jun 10, 2026

Inside a Telstra impersonation scam that hit a Sydney grandmother

I'm writing about this scam because the mechanics of it map almost perfectly onto the scam categories regulators are now trying to price into law, and because the loss landed at a number, $3,000, that's about to mean something very specific under Australian rules. It’s also a case of a person’s brain being hacked, and not their phone!

Cards

+1

No concessions as Melbourne turns on $2B tap transit tech and Sydney moves on
LockSimple

Jun 10, 2026

No concessions as Melbourne turns on $2B tap transit tech and Sydney moves on

A “successful trial” of standard tap and go transit payments tech in Melbourne will finally see the service expand over the coming week - just as Sydney rapidly moves to the next generation which includes concession ticket-holders such as kids, pensioners and people with disabilities.

Merchant Service Fees

+2

Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies
LockSimple

Jun 10, 2026

Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Struggling small businesses and their customers will be forced to pay for costly premium Amex rewards programs and international card fees, after the RBA gave non-designated card schemes like Amex, Discover and China UnionPay a temporary green light to apply “no surcharge” rules from October 1. Tyro has joined Fiserv in bowing to the international card schemes “no-surcharge” rules without question.

Digital & Online

+1

RBA signs off on RITS review as overhaul gathers pace
LockSimple

Jun 10, 2026

RBA signs off on RITS review as overhaul gathers pace

The Reserve Bank's Board has approved a fresh review of Australia's critical settlement system, with the findings set to be released as work ramps up on a major modernisation program for the payments' backbone.

A2A

Roundtable missive a masterclass in A2A opacity
LockSimple

Jun 10, 2026

Roundtable missive a masterclass in A2A opacity

The latest communication from the A2A roundtable said almost nothing new - a textbook case of transparency opacity from Australian Payments Plus, AusPayNet, Treasury and the Reserve Bank as they struggle to find something to say to an anxious industry awaiting progress on the A2A Vision and Roadmap.

Scams & Fraud

+1

Terminal upgrade looms as RBA widens payments security focus
LockSimple

Jun 10, 2026

Terminal upgrade looms as RBA widens payments security focus

Australia's banks and card acquirers face a technology overhaul of the nation's card payments infrastructure as regulators intensify their focus on cryptographic security and quantum computing risks.

The Interchange Bench

The Interchange Bench
LockSimple

Jun 10, 2026

The Interchange Bench

On The Interchange Bench this week, Tyro is partnering with REMIRA whilst reportedly being up for sale again, GoCardless farewells Boyd and gets a restructure shake up, Vivi uses AI to initiate an NPP transaction, Hunter joins Qantas loyalty, and Mastercard reorganises for fintech growth.

Merchant Service Fees

+4

The RBA hasn't banned surcharges — and the difference matters
LockSimple

Jun 10, 2026

The RBA hasn't banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — and that's a surcharge nobody agreed to.

Fintech

+1

Volt and Trade Nation launch real-time payments for Australian traders, starting a global partnership
LockSimple

Jun 10, 2026

Volt and Trade Nation launch real-time payments for Australian traders, starting a global partnership

Kicking off a global launch in Australia with PayID, a partnership between Volt, Trade Nation and Praxis promises to bring A2A capabilities through a single integration to trading clients.

Digital & Online

+1

ATO urging business to act now on Payday Super
LockSimple

Jun 3, 2026

ATO urging business to act now on Payday Super

With less than 4 weeks until Payday Super becomes mandatory for Australian businesses, the ATO is urging employers to act now.

Scams & Fraud

Banks, telcos and Big Tech are now legally on the hook for scams, but some warn auto-refunds could be a honeypot for crooks
LockSimple

Jun 3, 2026

Banks, telcos and Big Tech are now legally on the hook for scams, but some warn auto-refunds could be a honeypot for crooks

A plan to automatically reimburse scam victims with verified losses below $3,000 could backfire, according to Australian Telecommunications Alliance boss Luke Coleman.

Cash

+2

Cards remain top of the charts but is cash making a comeback?
LockSimple

Jun 3, 2026

Cards remain top of the charts but is cash making a comeback?

The Reserve Bank has released the results of the 2025 Consumer Payments survey, showing that cards remain king, account-to-account adoption remains slow, and cash might be making a resurgence.

Banks

+1

CBA sounds the bell on AI job losses but are payments functions on the block?
LockSimple

Jun 3, 2026

CBA sounds the bell on AI job losses but are payments functions on the block?

So far most Australian institutions have been reluctant to identify AI replacing jobs but the evidence from offshore on fraud, AML, compliance and back office staff is clear. The nation’s biggest payments player - Commonwealth Bank - is leading the AI charge locally, in the footsteps of global counterparts like HSBC, Citi, JP Morgan, Visa, Mastercard, PayPal and Block.

Merchant Service Fees

+1

Credit cards and international transactions spur bank fee boom ... but it could get worse come October
LockSimple

Jun 3, 2026

Credit cards and international transactions spur bank fee boom ... but it could get worse come October

If warnings from Australian Banking Association (ABA) CEO Simon Birmingham are anything to go by, Australia’s growing bank fee bill is about to get even bigger.

Fintech

+3

Fiserv doubles down - bans its merchants from recovering fees from all networks and international tourists
LockSimple

Jun 3, 2026

Fiserv doubles down - bans its merchants from recovering fees from all networks and international tourists

While the Reserve Bank of Australia (RBA) and ACCC have only talked about surcharge restrictions for Visa, Mastercard and eftpos, US payments giant Fiserv’s Australian operation is going the whole hog - banning its unwitting merchant customers from surcharging everything from Amex, China Union Pay and Discover.

Cards

Fixes emerge for corporate card tax-invoice nightmare
LockSimple

Jun 3, 2026

Fixes emerge for corporate card tax-invoice nightmare

Corporate card statements have never been the easy answers to GST compliance but Visa and Peppol have cracked solutions that could save businesses thousands of wasted hours in administration and mountains of paperwork – not to mention lucrative new revenue streams for the winners.


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