CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as NAB, ANZ and Westpac cut rewards.
Australian Payments Plus has removed the target date for its planned New Payments Platform cloud migration after delivery partner concerns over technical dependencies, while confirming progress across Confirmation
Submissions to the Reserve Bank's payments review close Friday, with a warning of lopsided debate pushing wallets and Amex ahead of cards, cash and A2A.
Harvey Norman and Latitude have been hit with $55 million in Federal Court penalties after misleading millions of Australians about the true costs of a widely promoted interest-free
About 40 roles are going at Beem, Nuvei has thinned its Australian team, and HSBC's retail exit puts 2,000 jobs at risk next year, all inside a fortnight.
If payments behemoth Stripe’s tiny 0.05% fee cuts are anything to go by, the RBA has no chance of achieving its promised nearly $1 billion cut in merchant service fees come 1 October. The US payments giant has also offset any potential savings with a
ANZ has completed its acquisition of Worldline's majority stake in ANZ Worldline, installing payments executive Karen Last to lead merchant acquiring as the bank accelerates its ambitious 2030 transaction banking strategy.
TRENDING STORIES ▸
Payments COMMENTARY ▸
Vibhu Arya, the former Country Leader for Payments & Financial Services at IKEA Australia New Zealand, writes that when surcharging disappears on October 1, the question that matters is which ...
Nearly a decade after the NPP launched, you still can't use it to pay for your coffee, your haircut, or your movie ticket. As the RBA launches its next review ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Bolt returns to the spotlight with Visa and Intersekt despite Federal Court setback, Bo completes Mastercard Asia Pacific reshuffle, Lam doubles down on AP+ ...
On The Interchange Bench this week, CommBank builds up Trans-Tasman payments capability, Churchward stars in Cuscal’s show at WCUC, Pierce lands Qld Head of Fraud, Inman moves to integration and ...
A2A ▸
Australian Payments Plus has removed the target date for its planned New Payments Platform cloud migration after delivery partner concerns over technical dependencies, while confirming progress across Confirmation
Unlike Australia, where the private sector runs the distributed real-time NPP network, New Zealand's central bank has taken control, but a long-promised business case, now more than a
Nearly a decade after the NPP launched, you still can't use it to pay for your coffee, your haircut, or your movie ticket. As the RBA launches its
After being disconnected from A2A platforms in Australia by Banking Circle due to AML compliance concerns, all signs point to Bolt Group having partnered with Westpac in nearby
An explosive judgement against Bano in Banking Circle’s favour is the clearest statement yet from an Australian court that a rails provider which genuinely assesses a client as
CARDS ▸
CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as NAB, ANZ and Westpac cut rewards.
Just weeks after being slapped with a $35 million fine for failing to protect scam victims, HSBC's decision to exit Australian retail banking leaves thousands of credit card
Better late than never. Victorians and visitors to the Garden State no longer need to struggle with myki. From this week, you can tap your credit and debit
WEX has been primarily known as a fuel card business in Australia since the 1980s but it was only ever the visible tip of this mammoth payments business.
With credit card loyalty schemes under pressure, Hong Kong-based Ogloba has appointed former Shift4, Wex and Placard veteran Larry Samuels to lead its new local operations, saying it
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Topics: CASH ▸
The ACCC has granted ANZ, CBA, NAB and Westpac a second interim authorisation to start building their joint cash company, ...
Declared complete twice, nine months apart, the Independent Pricing Mechanism (IPM) for cash still hasn’t emerged despite the ACCC authorisation ...
The Senate Economics Legislation Committee spent three hours today hearing why the company that moves 85% of Australia's cash thinks ...
Topics: BANKS ▸
ANZ has completed its acquisition of Worldline's majority stake in ANZ Worldline, installing payments executive Karen Last to lead merchant ...
Westpac has joined the rest of the Big 4 in partnering with the One Stop One Story Hub, linking vulnerable ...
Despite a recent zombie fraud controversy, APRA has granted Revolut Payments Australia a licence to operate as an authorised-deposit taking ...
Topics: SCAMS & FRAUD ▸
pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send ...
The Reserve Bank of Australia (RBA) has opened a major debate on the future of payments security but one issue ...
NAB has unveiled a new around-the-clock operations hub that brings together cyber, fraud, payments and security teams as Australian banks ...
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The end of surcharging or the rise of convenience fees?