The CEO of Sydney-based paytech Azupay, Andrew Baines, is urging Australian company boards to stop treating the New Payments Platform (NPP) as an emerging technology and begin a controlled transition to what has become critical,
AusPayNet is pushing ahead with planning for potential upgrades for the Bulk Electronic Clearing System (BECS) should they be required to meet end-user objectives for the nation’s account-to-account payments vision.
In stark contrast to Australia, New Zealanders have until 31 July to weigh in on one of the world's most ambitious and coordinated cash access reforms, as their Reserve Bank argues banks rather than Governments,
With credit card loyalty schemes under pressure, Hong Kong-based Ogloba has appointed former Shift4, Wex and Placard veteran Larry Samuels to lead its new local operations, saying it wants to revolutionise ‘retailer currency’ with its
Every rate, fee and eligibility rule a non-bank lender charges will soon be machine-readable via open banking. That includes buy now pay later (BNPL) like Afterpay and Zip.
Tens of thousands of merchants couldn't accept card payments last Wednesday, and customers were left with cash as the only option to pay for goods and services. Plenty of them didn't have any. The RBA calls physical cash an "all hazards" hedge. But are banks,
After more than 100 submissions and months of debate, subtle but significant changes have been made to the final Vision for Account-to-Account Payments in Australia, with resilience, access and commercial sustainability emerging as important edits along with the concept of critical national infrastructure.
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Payments COMMENTARY ▸
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week Kraus celebrates 150M milestone and a year of CoP, Uber cash hits New Zealand, Dr Pragnell pokes the real time challenge, scheme haven Singapore ...
On The Interchange Bench this week, Buckley throws in the towel as Cuscal hits $1 billion, Tyro cooks up a new Bakers Delight offering, Slade lands on the ANZ Board, ...
A2A ▸
After more than 100 submissions and months of debate, subtle but significant changes have been made to the final Vision for Account-to-Account Payments in Australia, with resilience, access and commercial sustainability emerging as important edits
The CEO of Sydney-based paytech Azupay, Andrew Baines, is urging Australian company boards to stop treating the New Payments Platform (NPP) as an emerging technology and begin a controlled transition to what has become critical,
AusPayNet is pushing ahead with planning for potential upgrades for the Bulk Electronic Clearing System (BECS) should they be required to meet end-user objectives for the nation’s account-to-account payments vision.
The key problem for Australia’s payments network operator is how to enforce its own rules and fund the potential upgrades demanded by regulators and politicians.
A revised vision for account-to-account payments will be released today as regulators and government intensify scrutiny on competition, access and security reforms.
CARDS ▸
WEX has been primarily known as a fuel card business in Australia since the 1980s but it was only ever the visible tip of this mammoth payments business. Its pitch for the next decade is
With credit card loyalty schemes under pressure, Hong Kong-based Ogloba has appointed former Shift4, Wex and Placard veteran Larry Samuels to lead its new local operations, saying it wants to revolutionise ‘retailer currency’ with its
Preference for mobile over physical cards already seen among debit users is now showing up in credit, with more than half of all contactless in-store credit card transactions now being made with a mobile device.
More Australians are pulling out cash by tapping a phone, watch or card at the ATM and Mastercard is cashing in with a big scheme fee increase which will likely be passed on to consumers.
Over the next two years, the Reserve Bank of Australia will scrutinise potential competition and efficiency issues associated with American Express, while the company takes a risky bet on merchants continuing to honour its cards
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Topics: CASH ▸
In stark contrast to Australia, New Zealanders have until 31 July to weigh in on one of the world's most ...
Just six months into the cash mandate and the ACCC has granted a large group of Petro National and Ampol ...
Clubs Australia, customer owned banks and the country's second-largest cash carrier have all now written to the ACCC. So have ...
Topics: BANKS ▸
Every rate, fee and eligibility rule a non-bank lender charges will soon be machine-readable via open banking. That includes buy ...
Commonwealth Bank’s AI vision just got real, with the bank unleashing “CommBank Companion” for testing on both businesses and consumers ...
Beating a raft of Aussie banks including Westpac and ANZ, Kiwibank has become the first bank in New Zealand to ...
Topics: SCAMS & FRAUD ▸
The Reserve Bank of Australia (RBA) has opened a major debate on the future of payments security but one issue ...
NAB has unveiled a new around-the-clock operations hub that brings together cyber, fraud, payments and security teams as Australian banks ...
The Federal Court says failures by the Australian arm of London-based banking giant HSBC to protect scam victims were serious ...
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