Logo
PAYDAY NEWS
Search
HOME
TOPICS
ARCHIVE
ABOUT US
ADVERTISE WITH US
LOGIN
UPGRADE

FEATURED


Regulation

+2

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

Apr 1, 2026

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

LockSimple

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.

Merchant Service Fees

+3

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

Apr 1, 2026

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

LockSimple

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 LATEST


Fintech

+3

Fintechs grapple with stark no-surcharge future
LockSimple

Apr 1, 2026

Fintechs grapple with stark no-surcharge future

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

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?

A2A

+1

US giants Mastercard and Visa eye Aussie A2A options
LockSimple

Apr 1, 2026

US giants Mastercard and Visa eye Aussie A2A options

STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS

Subscribe to get your weekly updates direct to your inbox

TRENDING


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.

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.

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.

Regulation

+1

BECS lifeline?
LockSimple

Mar 25, 2026

BECS lifeline?

In an effort to take the pressure off ongoing criticism from the Reserve Bank, industry is about to release its assessment of the options to upgrade the old Bulk Electronic Clearing System (BECS).

Government

+1

Coinbase asks Senate for more on debanking
LockSimple

Mar 25, 2026

Coinbase asks Senate for more on debanking

As the government looks to introduce the Digital Assets Framework Bill to regulate crypto currencies in Australia, Coinbase remains concerned about the lack of a substantive solution when it comes to debanking.

Cash

+1

Cyclone Narelle exposes Australia's cashless fragility
LockSimple

Mar 25, 2026

Cyclone Narelle exposes Australia's cashless fragility

Cyclone Narelle ripped through Cape York and slammed into the Northern Territory, affecting dozens of remote communities scattered across the Top End, including their ability to buy anything at all.

Government

+2

Express Transit mobile confusion as Victorian myki tap trial kicks in
LockSimple

Mar 25, 2026

Express Transit mobile confusion as Victorian myki tap trial kicks in

Easy access mobile payments for transit may be responsible for Victorian commuters accidently paying for fares twice.

Digital & Online

+2

Leaked list reveals high risk NPP customers
LockSimple

Mar 25, 2026

Leaked list reveals high risk NPP customers

Cuscal, Westpac, Zepto and ANZ have been told to keep a close eye on more than two dozen companies in the remittance and money transfer, securities with investments and gambling sectors that feature on a leaked “high risk” list of merchants they connect to the financial system via the New Payments Platform.

Fintech

+1

Merger abandoned amid A2A uncertainty
LockSimple

Mar 25, 2026

Merger abandoned amid A2A uncertainty

Plans for a merger of Monoova and Zai have been abandoned for now, but the need for consolidation in the uncertain account-to-account (A2A) paytech sector continues.

Fintech

+1

Pay.com.au's new CTO wants to turn $4.2 trillion in “dead payments” into rewards
LockSimple

Mar 25, 2026

Pay.com.au's new CTO wants to turn $4.2 trillion in “dead payments” into rewards

Dee Kulkarni on scaling a $633 million Australian fintech into the US, why indecision is the only bad decision, and the budget risk nobody's ignoring.

Merchant Service Fees

+1

Payments fees surge as oil accelerates inflation
LockSimple

Mar 25, 2026

Payments fees surge as oil accelerates inflation

Higher ticket prices are creating a surge in payment fees for small businesses, in an economy that Commonwealth Bank and others believe will see the Consumer Price Index rise above 4%.

Regulation

+1

PayTo needs a facelift to compete with BECS: RBA
LockSimple

Mar 25, 2026

PayTo needs a facelift to compete with BECS: RBA

PayTo - Australia’s real time answer to direct debit - needs an urgent facelift if the industry hopes to convince consumers to move to real time payments en masse.

Regulation

+1

RBA confirms an expired certificate took down Australia's payments settlement backbone
LockSimple

Mar 25, 2026

RBA confirms an expired certificate took down Australia's payments settlement backbone

The RBA's post-incident report on the 27 January RITS outage reveals an uncomfortable truth: the plumbing that moves billions through Australia's financial system was felled by a forgotten digital credential.

Digital & Online

+1

Stablecoin transactions pay the toll with Mastercard and Visa making sure of it
LockSimple

Mar 25, 2026

Stablecoin transactions pay the toll with Mastercard and Visa making sure of it

Mastercard and Visa are building the tollbooth for stablecoin, one acquisition and partnership at a time.

The Interchange Bench

The Interchange Bench
LockSimple

Mar 25, 2026

The Interchange Bench

This week on The Interchange Bench, Paynter takes the reigns at Zero, Spence heads for the sun, SME champ Billson finds a new gig, PayPal bends the rules for Bluesfest punters, Azupay goes to lunch and Volt searches for compliance help.

Digital & Online

+2

Bluesfest collapse triggers refund confusion
LockSimple

Mar 18, 2026

Bluesfest collapse triggers refund confusion

Due to a rare ticketing arrangement Stripe and PayPal are now on the hook for millions in refunds via delayed card chargebacks, after the merchant, Bluesfest Enterprises, went belly up.

Banks

+1

CHOICE: banks not doing their bit to stop financial elder abuse
LockSimple

Mar 18, 2026

CHOICE: banks not doing their bit to stop financial elder abuse

A CHOICE report has found that most banks aren’t complying with their own industry code of practice to stop elder financial abuse - costing vulnerable people several billions of dollars a year.

Fintech

+2

Consultation looks at PSPs, ePayments Code powers and unclaimed funds
LockSimple

Mar 18, 2026

Consultation looks at PSPs, ePayments Code powers and unclaimed funds

Treasury has launched a consultation on new legislation for payments service providers (PSPs), including power to make rules for a mandatory and revised ePayments Code and new controls for unclaimed monies.

Cash

+4

Debit cards hit 77% of volume and 70% of in-store purchase value for first time
LockSimple

Mar 18, 2026

Debit cards hit 77% of volume and 70% of in-store purchase value for first time

Australian consumers continued their shift towards debit cards in January 2026, with debit reaching 77% of volume and a milestone 70% share of in-store card purchase value for the first time on record.

Digital & Online

+1

Little action on illicit tobacco instore and online payments as “wars” escalate
LockSimple

Mar 18, 2026

Little action on illicit tobacco instore and online payments as “wars” escalate

With illegal tobacco being couriered around the country by Australia Post on the back of online payments, only CBA and Tyro appear to be taking noticeable action as the Federal Coalition sets up its own tobacco taskforce.

Fintech

+1

Monoova launches FX Hub while merger rumours grow
LockSimple

Mar 18, 2026

Monoova launches FX Hub while merger rumours grow

Amid increased chatter about a merger, Australian paytech Monoova has launched a new platform bringing domestic collections, foreign exchange conversion, funding, and settlement into a single automated flow.

Regulation

+1

Payments most powerful - a year of tough decisions for the PSB
LockSimple

Mar 18, 2026

Payments most powerful - a year of tough decisions for the PSB

It is a very busy and critical time for payments most powerful decision-makers, but with delays in decisions, extra scrutiny from the economics committee, and a member’s term ending in December, interest is swirling about the RBA's Payments System Board.

Regulation

+2

Rare debit surcharge slap for Hyatt just days away from RBA decision
LockSimple

Mar 18, 2026

Rare debit surcharge slap for Hyatt just days away from RBA decision

More than 18 months after receiving $2.1 million in funding for surcharging surveillance, the competition regulator has finally taken action.

Fintech

+1

Revolut introduces PayTo for Australian customers
LockSimple

Mar 18, 2026

Revolut introduces PayTo for Australian customers

Revolut says its has found a simpler solution for its customers paying pesky utility bills and online subscriptions. With PayTo, consumers can now view, pause or cancel recurring payment agreements within their app.

A2A

The economics of A2A: the “fee free” illusion in real time retail
LockSimple

Mar 18, 2026

The economics of A2A: the “fee free” illusion in real time retail

Comparisons with other territories used to push A2A retail business cases in Australia are misleading. In reality, buying a coffee, beer or train ticket is most likely cheaper with a debit card on your mobile.

The Interchange Bench

The Interchange Bench
LockSimple

Mar 18, 2026

The Interchange Bench

On the Interchange Bench this week, Bolt Group expands to New Zealand with the help of ex-PM John Key ... but no Binance yet. Block sees double on Finnies judging panel, CBA’s Albert Naffah among the stars in the eftpos show next week, CBA Chair, Paul O’Malley, calls out US AI tech drain without Mastercard mention, Amex turns up the heat on business card points and the RBA searches for a digital and content guru.

Banks

+1

US Ripple buys remnants of BC Payments for Aussie licence
LockSimple

Mar 18, 2026

US Ripple buys remnants of BC Payments for Aussie licence

US crypto outfit Ripple is buying the remnants of Banking Circle’s original Australian entity, BC Payments Australia, to obtain an Australian Financial Services License (AFSL) quickly.

Digital & Online

+1

Will Swift’s deal with Australia’s big banks fix cross-border payments?
LockSimple

Mar 18, 2026

Will Swift’s deal with Australia’s big banks fix cross-border payments?

Commonwealth Bank, ANZ, NAB, and Westpac have joined a new Swift framework promising faster, cheaper, more transparent international payments. It's a big coalition, a polished launch, and a genuinely ambitious global rollout. It's also a story with some conspicuous gaps.

Digital & Online

+2

With scammers riding roughshod on its network, Telstra teams with banks to catch mules
LockSimple

Mar 18, 2026

With scammers riding roughshod on its network, Telstra teams with banks to catch mules

Telstra just announced it's teaming up with ANZ, NAB and Westpac to hunt money mules – people who shuffle stolen cash through their bank accounts on behalf of criminal networks. But why can’t the telco block dodgy callers and messages riding the network in the first place, like Samsung does?

Digital & Online

+1

Australia's $24 billion digital payments bonanza has a $23 billion problem
LockSimple

Mar 11, 2026

Australia's $24 billion digital payments bonanza has a $23 billion problem

A new industry report promises a once-in-a-generation digital finance windfall. The maths, the infrastructure, and the Reserve Bank's own admissions tell a different story.

Merchant Service Fees

+2

Cards close to the chest – RBA mum on fees and surcharge decision
LockSimple

Mar 11, 2026

Cards close to the chest – RBA mum on fees and surcharge decision

The decision has already been made but the Reserve Bank isn’t giving away any clues as it prepares for the official release of its final verdict on merchant fees and surcharging later this month.


HAVE A NEWS STORY TO SHARE?

CONTACT US

LinkedIn
Subscription Terms
Privacy Policy
Manage Profile

© 2026 Sapphire Executive Business Services.
Report abusePrivacy policyTerms of use
beehiivPowered by beehiiv