CBA is pushing the benefits of virtual credit cards for supplier payments as commercial cards retain 0.8% interchange, the maximum
Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million for AML failures, exposing gaps in transaction monitoring,
CBA, NAB, Westpac and ANZ Worldline have published fee averages, but the RBA’s transparency reforms leave Australia’s small businesses and
Labour has picked the same deadline for kiwi real time as the abandoned BECS switch off date in Australia, while
In an exclusive interview with PayDay News, Monoova’s CEO Bianca Bates said she wants faster progress and certainty on the
New AML rules slow crypto transactions to a crawl say experts

New AML rules slow crypto transactions to a crawl say experts

New Anti-Money Laundering/Counter Terrorism Financing laws have slowed Australian Cryptocurrency transaction times from seconds to “almost an hour,” exchanges are
New AML rules slow crypto transactions to a crawl say experts

New AML rules slow crypto transactions to a crawl say experts

New Anti-Money Laundering/Counter Terrorism Financing laws have slowed Australian Cryptocurrency transaction times from seconds to “almost an hour,” exchanges are

CBA doubles down on virtual credit cards at top interchange rate

CBA is pushing the benefits of virtual credit cards for supplier payments

CBA doubles down on virtual credit cards at top interchange rate

CBA is pushing the benefits of virtual credit cards for supplier payments

Three New Zealand bank penalties send a clear warning on AML

Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million

Three New Zealand bank penalties send a clear warning on AML

Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million

Dappled sunlight as RBA fee disclosures leave big gaps

CBA, NAB, Westpac and ANZ Worldline have published fee averages, but the

Dappled sunlight as RBA fee disclosures leave big gaps

CBA, NAB, Westpac and ANZ Worldline have published fee averages, but the

NZ Labour sets spooky 2030 real-time deadline ahead of election

Labour has picked the same deadline for kiwi real time as the

NZ Labour sets spooky 2030 real-time deadline ahead of election

Labour has picked the same deadline for kiwi real time as the
TOP STORIES
RBA sat in on ATO card fee talks as schemes lifted interchange

RBA sat in on ATO card fee talks as schemes lifted interchange

While the Finance Minister tried to dodge chaos around the credit card ...
RBA sat in on ATO card fee talks as schemes lifted interchange

RBA sat in on ATO card fee talks as schemes lifted interchange

While the Finance Minister tried to dodge chaos around the credit card ...
Revolut Bank brand spans Tasman after NZ licence win

Revolut Bank brand spans Tasman after NZ licence win

Revolut’s New Zealand banking approval brings a shared bank brand across the ...
Revolut Bank brand spans Tasman after NZ licence win

Revolut Bank brand spans Tasman after NZ licence win

Revolut’s New Zealand banking approval brings a shared bank brand across the ...
Banks making cash harder to get with Points of Presence in decline

Banks making cash harder to get with Points of Presence in decline

With the schemes’ surcharge ban well underway, many are looking to cash ...
Banks making cash harder to get with Points of Presence in decline

Banks making cash harder to get with Points of Presence in decline

With the schemes’ surcharge ban well underway, many are looking to cash ...
Scam framework offers progress but risks victim blaming

Scam framework offers progress but risks victim blaming

Australia’s Scams Prevention Framework is a step in the right direction to ...
Scam framework offers progress but risks victim blaming

Scam framework offers progress but risks victim blaming

Australia’s Scams Prevention Framework is a step in the right direction to ...
ATO tip of iceberg as card fee hikes hit mainstream businesses

ATO tip of iceberg as card fee hikes hit mainstream businesses

The RBA knew by March that Visa and Mastercard could raise credit ...
ATO tip of iceberg as card fee hikes hit mainstream businesses

ATO tip of iceberg as card fee hikes hit mainstream businesses

The RBA knew by March that Visa and Mastercard could raise credit ...
Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments

Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments

As many Payment Service Providers fail to pass on RBA interchange cuts ...
Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments

Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments

As many Payment Service Providers fail to pass on RBA interchange cuts ...
CBA doubles down on virtual credit cards at top interchange rate
CBA doubles down on virtual credit cards at top interchange rate
CBA doubles down on virtual credit cards at top interchange rate
CBA is pushing the benefits of virtual credit cards for supplier payments as commercial cards retain 0.8% interchange, the maximum ...
Three New Zealand bank penalties send a clear warning on AML
Three New Zealand bank penalties send a clear warning on AML
Three New Zealand bank penalties send a clear warning on AML
Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million for AML failures, exposing gaps in transaction monitoring, ...
Dappled sunlight as RBA fee disclosures leave big gaps
Dappled sunlight as RBA fee disclosures leave big gaps
Dappled sunlight as RBA fee disclosures leave big gaps
CBA, NAB, Westpac and ANZ Worldline have published fee averages, but the RBA’s transparency reforms leave Australia’s small businesses and ...
NZ Labour sets spooky 2030 real-time deadline ahead of election
NZ Labour sets spooky 2030 real-time deadline ahead of election
NZ Labour sets spooky 2030 real-time deadline ahead of election
Labour has picked the same deadline for kiwi real time as the abandoned BECS switch off date in Australia, while ...
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THE INTERCHANGE BENCH

The Week in Payments

Expert insight and analysis on the big stories shaping the payments industry.

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The Week in Payments

Expert insight and analysis on the big stories shaping the payments industry.

TRENDING STORIES
PAYMENTS COMMENTARY
CBA doubles down on virtual credit cards at top interchange rate
CBA doubles down on virtual credit cards at top interchange rate

CBA doubles down on virtual credit cards at top interchange rate

CBA is pushing the benefits of virtual credit cards for supplier payments as commercial cards retain 0.8% interchange, the maximum domestic credit card rate under the RBA’s new rules. ...
Three New Zealand bank penalties send a clear warning on AML
Three New Zealand bank penalties send a clear warning on AML

Three New Zealand bank penalties send a clear warning on AML

Co-operative Bank, Commonwealth Bank’s ASB and TSB have been penalised NZ$11.7 million for AML failures, exposing gaps in transaction monitoring, investigations and the response to known problems. ...
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Stay up-to-date with the latest Australian payments news

Subscribe to get your weekly PayDay News updates direct to your inbox

THE INTERCHANGE BENCH
The Interchange Bench
The Interchange Bench

The Interchange Bench

This week on The Interchange Bench Coles shoppers turn to Flybuys, Bullock’s coffee pitch meets rising cafe prices, six Cuscal nominees for Women in Payments Awards, Cannon leads Revolut Business’s ...
The Interchange Bench
The Interchange Bench

The Interchange Bench

On The Interchange Bench NAB expands Shane Conway’s role, ex-Coles payments boss Paul Askew joins Archa, RBA appoints risk chief, schools ditch credit cards, Monoova seeks legal chief, Zip shares ...
A2A
Labour has picked the same deadline for kiwi real time as the abandoned BECS switch off date in Australia, while
In an exclusive interview with PayDay News, Monoova’s CEO Bianca Bates said she wants faster progress and certainty on the
As participants struggle to reach consensus, AusPayNet and AP+ could gain six more months for A2A planning as some customers
Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare for new obligations to block illegal gambling transfers
With Stripe also connecting to NPP via Zepto, online payments groups will be challenged by crypto companies for a slice
CARDS
While the Finance Minister tried to dodge chaos around the credit card surcharge ban, Tax Commissioner Rob Heferen detailed failed
CBA is pushing the benefits of virtual credit cards for supplier payments as commercial cards retain 0.8% interchange, the maximum
Visa, Mastercard and American Express earned US$14.3 billion in the September quarter, as Visa deepened big four ties and their
There's a new force in POS, with Hong Kong-founded KPay signing more than 4,000 Australian businesses in a hotly contested
Amid the controversy in Australia regarding CTF/AML compliance laws for subsidiary Bano, Australian banking as a service (BaaS) fintech Bolt

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TOPICS: CASH
Banks making cash harder to get with Points of Presence in decline
Banks making cash harder to get with Points of Presence in decline

Banks making cash harder to get with Points of Presence in decline

With the schemes’ surcharge ban well underway, many are looking to cash as a potential substitute. APRA’s new points of presence data shows that getting cash in Australia may be a lot harder, with reduced ...
Armaguard’s new cash in transit pricing plan faces cost scrutiny
Armaguard’s new cash in transit pricing plan faces cost scrutiny

Armaguard’s new cash in transit pricing plan faces cost scrutiny

After paying no tax in FY25, Linfox Armaguard’s proposed new cash pricing would treat new and existing customers differently, as the Independent Payments Forum demands stronger cost controls and regional protections. ...
Cash fight returns as Canberra’s jigsaw leaves gaps
Cash fight returns as Canberra’s jigsaw leaves gaps

Cash fight returns as Canberra’s jigsaw leaves gaps

A narrow cash mandate, retail exemptions and separate plans for distribution, ATMs and banking hubs, have left the door wide open for an emotional political fight about the future of Australia’s hard currency. ...
TOPICS: BANKS
Westpac One and PayID Biller lead payments push
Westpac One and PayID Biller lead payments push

Westpac One and PayID Biller lead payments push

Westpac is advancing Westpac One and PayID Biller as Payday Super volumes surge, while warning of A2A fraud risks and lifting card rates following the RBA’s interchange caps. ...
Consumer spending up but confidence is down
Consumer spending up but confidence is down

Consumer spending up but confidence is down

While NAB says consumer spend remained solid in September in Australia, consumer confidence has fallen and our Kiwi cousins experienced a drop in retail spending due to high fuel prices and rising interest rates. ...
Regional Australia Bank calls for a bush bank obligation
Regional Australia Bank calls for a bush bank obligation

Regional Australia Bank calls for a bush bank obligation

Annual reports are usually dry affairs, conjuring visions of cardigans and dull corporate phrases. So, it is refreshing to see Regional Australia Bank CEO David Heine and Chair Michael Fenech take a different approach in ...
TOPICS: SCAMS & FRAUD
Scam framework offers progress but risks victim blaming
Scam framework offers progress but risks victim blaming

Scam framework offers progress but risks victim blaming

Australia’s Scams Prevention Framework is a step in the right direction to curb scam losses and protect people but, in its current form, it also opens the door to potential blame-shifting onto victims say experts. ...
Online scams hit Australians with disabilities
Online scams hit Australians with disabilities

Online scams hit Australians with disabilities

Online contact accounted for two-thirds of scam reports involving financial loss among people with disabilities in 2025, prompting warnings from Commonwealth Bank and Vision Australia. ...
ASIC targets bank AI, scams, offset accounts and BNPL
ASIC targets bank AI, scams, offset accounts and BNPL

ASIC targets bank AI, scams, offset accounts and BNPL

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. ...
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