American Express may face an acceptance revolt beyond the government, council and retail business that already block its cards in Australia. Three of Australia’s major banks – Westpac,
Banks face scrutiny of artificial intelligence, scam prevention, offset accounts and customer service as ASIC outlines its priorities, including checks on buy now, pay later (BNPL) compliance.
Okta has demonstrated how AI agents shopping in Google's Gemini can apply human sign-off and a kill switch, as Australian banks and card schemes fight over who pays
- AI, Commentary, Featured
Will AI agents capsize bank customer “loyalty”?
AI agents could soon turn customer inertia into “find me a better deal” for my banking, without sacrificing anyone’s Sunday arvo.
Aussie company Littlepay has been chosen by the UK’s largest bus and coach operator to provide a contactless payments infrastructure.
The same day surcharging was “banned” and credit card rewards shrank across Australia, Woolworths’ and Commonwealth Bank went live with a grocery discount loyalty program that changes the points game.
Organisations across the economy are rejecting credit cards, adding new fees and prices are rising at retailers and bowsers as business groups decry the federal government and its full-throated support of the RBA's surcharge ban.
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TRENDING STORIES ▸
Payments COMMENTARY ▸
PayDay News marks its second birthday this week, with a new platform, more than 1,000 published articles and a growing global audience following our detailed coverage of Australian and New ...
AI agents could soon turn customer inertia into “find me a better deal” for my banking, without sacrificing anyone’s Sunday arvo. ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, ATO chief defends ban on credit card payments, Azupay dangles cashback as A2A firms chase card spend, Blackwell joins gaming technology board, Veme links ...
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 ...
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 ▸
Australian Payments Plus (AP+) has slashed online eftpos interchange by up to 70%, but small proprietary debit purchases rise 40% for standard and strategic merchants, alongside larger credit
The same day surcharging was “banned” and credit card rewards shrank across Australia, Woolworths’ and Commonwealth Bank went live with a grocery discount loyalty program that changes the
Organisations across the economy are rejecting credit cards, adding new fees and prices are rising at retailers and bowsers as business groups decry the federal government and its
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
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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 ▸
Banks face scrutiny of artificial intelligence, scam prevention, offset accounts and customer service as ASIC outlines its priorities, including checks ...
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 ...
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