The smallest and hardest-working of the animal kingdom could be carrying the weight of financial crime fighting on its back, with new blockchain money laundering tech modelled on
Stripe Treasury gives Australian customers a unified financial platform to manage incoming and outgoing flows across currencies from a single account, bypassing multi-day settlements from traditional institutions.
A lot remains unfinished to secure Australia’s cash future after Parliament last week passed legislation regulating Australia’s cash distribution network, handing the ACCC and Reserve Bank new powers.
A NSW parliamentary inquiry has called for a tobacco excise reset and stronger enforcement after finding organised crime is exploiting cash, private ATMs and weak online controls.
The Reserve Bank of New Zealand (RBNZ) is seeking feedback on its payments system and ways in which to future-proof and modernise retail payments, declaring that it is
Luxury Escapes is considering varying its own rewards points by payment method, and its CEO Adam Schwab says the merchant fee savings promised alongside the October 1 surcharge ban have not arrived.
With organic growth at 6%, the company concedes an already flat acquiring line will be its challenged business in FY27 but claims interchange cuts won’t hit issuing revenue.
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TRENDING STORIES ▸
Payments COMMENTARY ▸
Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just partnered with ...
Contributor Vibhu Arya explores the impact of AI and how much of a role it will play in the payments industry. ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Fatty Z welcomes new COO and Kees moves to commercial, Scott Zips up the boots for US blue sky, Coles falls over after boozy ...
On The Interchange Bench this week, changes at Apple Pay in US and Australia, AUSTRAC shuts down Cryptolink ATMs, Faster taps Monoova for speed, Hello Clever names people chief, Craig ...
A2A ▸
The Reserve Bank of New Zealand (RBNZ) is seeking feedback on its payments system and ways in which to future-proof and modernise retail payments, declaring that it is
Commonwealth Bank has launched PaidIt, combining identity verification and real-time payments to help organisations find recipients and deliver settlements, remediation payments and refunds as cheques disappear.
Europe's long-running push to reduce dependence on Visa and Mastercard is accelerating, with its A2A payments play Wero now boasting 50 million users, banks backing new infrastructure, a
NAB and Apex Group have deployed PayTo to cut superannuation payment processing from four days to one, as employers adjust to the demands of Payday Super.
Still in dispute resolution with other banks, Revolut hasn't answered PayDay News questions about its $3 million PayTo zombie fraud review, with inbound PayTo still switched off three
CARDS ▸
Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just
Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted merchant rewards directly through its Westpac One digital
Ahead of the interchange crunch on October 1, Commonwealth Bank (CBA) is extending rewards across everyday banking, allowing nine million customers to earn points on mortgages, savings, insurance
Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, and up five basis points over
After pushing the Reserve Bank of Australia (RBA) to allow a surcharge ban, card schemes have already been ejected from Macquarie’s multi-billion dollar rent and strata payments portal
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Topics: CASH ▸
A lot remains unfinished to secure Australia’s cash future after Parliament last week passed legislation regulating Australia’s cash distribution network, ...
A NSW parliamentary inquiry has called for a tobacco excise reset and stronger enforcement after finding organised crime is exploiting ...
The end of card surcharging on October 1 has merchants across Australia looking at ways to hand out and handle ...
Topics: BANKS ▸
The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, ...
Westpac New Zealand has passed $250 million in open banking payments as customer adoption accelerates, providing an early indication that ...
Just days after posting a record profit, Commonwealth Bank has suffered a card processing error which saw some of its ...
Topics: SCAMS & FRAUD ▸
AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification ...
pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send ...
The Reserve Bank of Australia (RBA) has opened a major debate on the future of payments security but one issue ...
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CBA Discover deal to shake up local card market