FEATURED
Fintech
+3
May 27, 2026
AP+ compliance breaches shrouded in secrecy as incident concerns rise
A published "naughty list" of NPP breaches fails to properly name the companies responsible or the penalties applied, despite increasing concern about recent incidents like the $3 million social media fraud scheme that forced fintech Revolut to suspend its PayTo service.
STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS
Subscribe to get your weekly updates direct to your inbox
TRENDING
Fintech
+1
May 27, 2026
Zii quietly enters the UK PSP market
Aussie PSP Zii has opened up shop the UK with little fanfare, joining Zeller in its pursuit of greener pastures in the British Isles.
Fintech
+1
May 27, 2026
From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition
ASIC is preparing a pathway for payments fintechs and platforms like Stripe, Block, PayPal and Tyro to ramp up competition with banks in the increasingly hot business lending market and Buy Now Pay Later.
Fintech
+1
May 27, 2026
Fintechs scraping bank screens are running out of road: SISS
Australia's screen scraping era is winding down. Banks are layering on multifactor authentication, the Consumer Data Right (CDR) is finally usable at scale, and consumers are twitchy about handing over their internet banking passwords.
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.
Banks
+1
May 20, 2026
Budget plan to share tax data could reduce mortgage fraud
ATO data shared via the Consumer Data Right may not just speed up rental and loan applications, but also help the banks fight their $3 billion mortgage fraud problem.
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
+2
May 20, 2026
Business groups seek urgent guidance on non-card discount rules
As the surcharge ban looms, industry groups are predicting the return of cash discounts and the introduction of benefits for account-to-account payments for online transactions - but what are the rules?
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
+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.
Fintech
+1
May 20, 2026
NAB nabs loss-making Banked for a song
NAB has acquired loss-making account-to-account (A2A) fintech Banked for scrap, as a cloud of uncertainty hangs over the crowded New Payments Platform (NPP) fintech sector.
Fintech
+2
May 20, 2026
No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud
Wannabe Aussie bank Revolut has declined to name a date for the return of its PayTo service after 250 of its “dormant” zombie accounts were used to defraud about $3 million from unsuspecting consumers on social media.
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 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.