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Fintech

+1

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA

Feb 25, 2026

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA

LockSimple

While a few hopeful fintechs are expecting government to support a massive shift to account-to-account (A2A) POS payments, Apple and the RBA said the country’s infrastructure is geared towards EMV card payments and simply isn’t ready.

Merchant Service Fees

+2

The $2 Billion scheme fee black box

Feb 25, 2026

The $2 Billion scheme fee black box

LockSimple

A marathon day of parliamentary testimony revealed a payments system where nobody admits to being dominant, nobody can fully explain where the money goes, and Australia’s small businesses are caught in the crossfire between banks, card schemes, and big tech.

THE LATEST


Merchant Service Fees

+2

“Monopoly” schemes and blended rates killing retail payments competition, says committee
LockSimple

Feb 25, 2026

“Monopoly” schemes and blended rates killing retail payments competition, says committee

Fintech

+4

Threatened “Zero Cost” Smartpay changes name and wants AusPayNet review
LockSimple

Feb 25, 2026

Threatened “Zero Cost” Smartpay changes name and wants AusPayNet review

The Interchange Bench

The Interchange Bench
LockSimple

Feb 25, 2026

The Interchange Bench

Merchant Service Fees

+2

Global payments consultancy BBMS enters Australia as surcharging ban looms

Feb 25, 2026

Global payments consultancy BBMS enters Australia as surcharging ban looms

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TRENDING


Fintech

+3

CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI
LockSimple

Feb 25, 2026

CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI

The country’s biggest bank will be able to offer customers Dynamic Least-Cost Routing (DLCR) and improved outage resilience by year end, after it snapped up local innovative fintech IPSI.

Fintech

+1

Bills-for-points fintechs surge as Pay.com.au float looms
LockSimple

Feb 25, 2026

Bills-for-points fintechs surge as Pay.com.au float looms

A wave of Australian platforms letting businesses put payables on cards to earn frequent-flyer points is accelerating in a sector shaped as much by loyalty economics as payments innovation.

Digital & Online

+2

Inside Banking Circle’s play to reshape payments and lead stablecoin down under
LockSimple

Feb 25, 2026

Inside Banking Circle’s play to reshape payments and lead stablecoin down under

With a proven euro stablecoin already in circulation, Banking Circle is laying the groundwork for what could become Australia’s most significant bank-backed digital currency infrastructure - arriving at precisely the moment regulators are finally writing the rules.

Banks

+1

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus
LockSimple

Feb 25, 2026

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus

With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.

Digital & Online

+2

RBA releases details of CS crisis powers to protect financial markets
LockSimple

Feb 25, 2026

RBA releases details of CS crisis powers to protect financial markets

The Reserve Bank of Australia (RBA) has published its rules for intervening if there is a threat to domestic financial stability or to the continuity of the Clearing and Settlement (CS) facility’s services that are critical to the functioning of the financial system in Australia.

Fintech

+1

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments
LockSimple

Feb 25, 2026

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments

UK-based Volt has joined a growing number of companies accessing the New Payments Platform as “identified institutions” via direct connectors, as a gateway to the Australian payments system.

Fintech

+1

Latitude hits new altitudes in credit card spending
LockSimple

Feb 25, 2026

Latitude hits new altitudes in credit card spending

A 59% jump in cash profit sparked a rally in Latitude Group shares last week, with the company’s 2025 results shows a sharp increase in credit card spend.

HR

+1

Payments recruiter turns industry model on its head with fixed-price search

Feb 18, 2026

Payments recruiter turns industry model on its head with fixed-price search

EasyTalent founder Craig Danvers said commission-based agencies can no longer justify their fees in an era where LinkedIn has democratised candidate access.

Banks

+1

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!
LockSimple

Feb 18, 2026

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!

Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.

Digital & Online

+2

Apple Pay dominance is “good for competition”: Apple
LockSimple

Feb 18, 2026

Apple Pay dominance is “good for competition”: Apple

Regulation of Australia’s dominant mobile wallet Apple Pay will hurt consumers and small banks trying to compete with the Big 4, according to Apple.

Cash

+4

Australia breaks new records on card spending ... and merchant fees
LockSimple

Feb 18, 2026

Australia breaks new records on card spending ... and merchant fees

New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.

Cash

+1

Cash demand up at branches as closures continue
LockSimple

Feb 18, 2026

Cash demand up at branches as closures continue

The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.

Banks

+1

CBA takes the lead on scams and fraud as credit growth bolsters banks
LockSimple

Feb 18, 2026

CBA takes the lead on scams and fraud as credit growth bolsters banks

Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.

Fintech

+3

DJs adopts Weixin Pay for big spending Chinese tourists
LockSimple

Feb 18, 2026

DJs adopts Weixin Pay for big spending Chinese tourists

David Jones now accepts Weixin Pay – formerly known as WeChat Pay - enabling big spending Chinese customers to make purchases at preferential exchange rates, and eliminating the need for cash or cards.

Digital & Online

+2

Europe aims for payments sovereignty in break from US networks
LockSimple

Feb 18, 2026

Europe aims for payments sovereignty in break from US networks

In an increasingly uncertain global economy, Europe is rushing the rollout of a ubiquitous payments capability free from US and other foreign networks.

Fintech

+1

PayPal “sleepy shopping” data reveals cost of late-night spending
LockSimple

Feb 18, 2026

PayPal “sleepy shopping” data reveals cost of late-night spending

Australians are paying the price for late night shopping binges, according to PayPal.

A2A

+1

PayTech merger talk as banks demand controls over “free ride” NPP entrants
LockSimple

Feb 18, 2026

PayTech merger talk as banks demand controls over “free ride” NPP entrants

With growing rumours about consolidation of real time PayTech companies, the big banks want them to cough up extra dollars for network builds and provide more assurances that new entrants can be trusted.

Fintech

+1

“Shout” fades as Aussies hit their spending limit
LockSimple

Feb 18, 2026

“Shout” fades as Aussies hit their spending limit

According to new data from Tyro, one in three Aussies are ditching “the shout” because they’re tightening their belts.

Digital & Online

+4

Small business unites against card scheme "margin grab"
LockSimple

Feb 18, 2026

Small business unites against card scheme "margin grab"

Ahead of hearings next week, 24 submissions - and counting - have been published by the parliamentary inquiry, with banks joining business in fingering card schemes as a major problem.

The Interchange Bench

The Interchange Bench
LockSimple

Feb 18, 2026

The Interchange Bench

On The Interchange Bench this week Tyro resorts to mixed martial arts, Cowan reflects on three decades in payments, May Lam wins an Info-Tech’s IT title, NSW sneaks out Digital ID, Virgin punches out big rewards offers, NAB gets an acquiring popularity gong and AusPayNet hosts another private A2A gaggle.

Regulation

+2

AUSTRAC clamps down on crypto with three cancellations
LockSimple

Feb 11, 2026

AUSTRAC clamps down on crypto with three cancellations

Australia’s AML and financial crime regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC), last week cancelled the registration of three separate crypto firms.

Fintech

+1

Banks to exit acquiring says Tyro’s new boss as he takes on new COO
LockSimple

Feb 11, 2026

Banks to exit acquiring says Tyro’s new boss as he takes on new COO

“I think that we'll see the quiet movement of banks exiting the end state merchant touch points,” says Tyro CEO Nigel Lee as he doubles down on backend services and hires a new COO to drive scale.

Merchant Service Fees

+2

“Card tricks” keeping SME fees high, says IPF
LockSimple

Feb 11, 2026

“Card tricks” keeping SME fees high, says IPF

A coalition representing more than 120,000 small retailers has accused global card schemes of keeping their payment costs artificially high by applying a global playbook of “card tricks”.

Banks

+1

CBA report: how it’s approaching AI
LockSimple

Feb 11, 2026

CBA report: how it’s approaching AI

The Commonwealth Bank (CBA) has released a report outlining how it envisions, develops, deploys and manages Artificial Intelligence (AI) at an organisational level with a focus on responsible practices.

Digital & Online

+1

Cloud play to speed up NPP onboarding
LockSimple

Feb 11, 2026

Cloud play to speed up NPP onboarding

Australian Payments Plus (AP+) hopes to reduce costs and speed up connections to the New Payments Platform (NPP) by enabling participants to integrate their back office via public cloud providers.

Fintech

+1

Corpay Cross-Border extends partnership with Rugby Australia
LockSimple

Feb 11, 2026

Corpay Cross-Border extends partnership with Rugby Australia

Corpay’s Cross-Border business is extending a collaboration with Rugby Australia as the foreign exchange (FX) payments partner.

Regulation

+1

Expiring certificates crashed RBA batch settlements
LockSimple

Feb 11, 2026

Expiring certificates crashed RBA batch settlements

Expiring certificates were responsible for a 7 hour Reserve Bank outage that saw pays and property settlements delayed for up to four days.

Regulation

+1

Jury still out on moving Government payments to NPP, says RBA
LockSimple

Feb 11, 2026

Jury still out on moving Government payments to NPP, says RBA

The industry has its work cut out to convince the Reserve Bank to move critical Government payments to the New Payments Platform (NPP), with Governor Michele Bullock saying she’s not yet convinced about the benefits.

Fintech

+2

Revolut expands Australian platform push as it claims one million users
LockSimple

Feb 11, 2026

Revolut expands Australian platform push as it claims one million users

Revolut has flagged plans to invest nearly $400 million in Australia as it comes under the shadow of local and overseas regulatory scrutiny.

Fintech

+2

Shift4 quietly consolidates two Aussie shops and squeezes Cuscal costs
LockSimple

Feb 11, 2026

Shift4 quietly consolidates two Aussie shops and squeezes Cuscal costs

Shift4 will leverage its Global Blue and Smartpay business to sell more products to its merchant base in Australia and New Zealand ... and cut costs with its Australian acquiring partner, Cuscal.

The Interchange Bench

The Interchange Bench
LockSimple

Feb 11, 2026

The Interchange Bench

On The Interchange Bench this week: Rayner bolsters BC’s sales bench, Mason-Jones runs with issuing at Cuscal, Brisbane payments Warrior allies with Spreedly, Mastercard in fleet foray, Gemini ditches Australia, and PayPal changes bosses.

Cash

+3

Alan Townsend appointed CEO of EFTEX
LockSimple

Feb 4, 2026

Alan Townsend appointed CEO of EFTEX

Australian-based payments services provider EFTEX has announced Alan Townsend as their new Chief Executive Officer.

A2A

+2

AP+ scales up cybersecurity defences
LockSimple

Feb 4, 2026

AP+ scales up cybersecurity defences

Australian Payments Plus (AP+) is bulking up its cyber security and fraud capabilities across its critical infrastructure, as Australia comes under increasing threat from bad actors.


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