Securities regulator ASIC and the Reserve Bank have launched new consultations on crypto proposals that promise better protections for users but they could come at a cost for
Small businesses and consumers face immediate surcharge "ban" costs and the payments industry is paralysed by A2A uncertainty, while the RBA’s pivotal payments review extends into 2028 and
The RBA looks for an industry fix as its payments policy boss Ellis Connolly says his “biggest surprise” is the level of concern from players like CommBank and
Payments businesses face disproportionate compliance pressures, with a new industry census identifying anti-money laundering obligations and licensing reform as major burdens for companies like Airwallex, Zeller and Zepto.
Sydney-based PrizePay has reduced account related payout problems through Azupay’s Confirmation of Payee integration, with AP+ highlighting operational savings as the rewards platform expands beyond promotions.
A market analyst has flagged a 75% chance Square could leave ASX-listed Cuscal within five years, as Aussie underdog Tyro fights a price war against the big banks led by Westpac’s no-Amex 0.79% merchant rate.
If run this year, one charity’s Christmas appeal could lose $40,000 in donor top-ups as advisers called for a forensic review of payments providers such as Stripe and Square for not passing on potential interchange savings.
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TRENDING STORIES ▸
Payments COMMENTARY ▸
AP+’s small purchase interchange hikes sharpen a national payments pioneer’s decline, while banks narrow vulnerable customers’ choices and collect more dollars from a dying product. ...
New Zealand's Commerce Commission says Kiwi businesses could save $180 million a year by switching to pay by bank solutions like Akahu and BlinkPay. But first, interoperability, payment certainty, the ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Zepto joins A2A providers seizing on surcharge fallout, Zero Payments appoints Justin O’Donnell as COO, Lee takes CBA cards transformation role, EMVCo pushes global ...
On The Interchange Bench this week, Novatti founder exits board, Cuscal summit puts financial crime and AI on agenda, Kuhlmann takes Westpac transaction banking role, Humm chair and director depart ...
A2A ▸
Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare for new obligations to block illegal gambling transfers and regulators warn of scams exploiting the familiar
With Stripe also connecting to NPP via Zepto, online payments groups will be challenged by crypto companies for a slice of a low-cost acceptance market Visa and Mastercard
Apple is steering the Reserve Bank of Australia (RBA) towards an innovation debate involving digital ID and cheaper account-to-account payments, as the Big 4 push for iPhone NFC
Australia’s payments roundtable is still weighing how to deliver bulk and pull payments, with customer forums starting in October and a roadmap yet to set priorities or dates.
Australian Payments Plus (AP+) and Commonwealth Bank have joined a Swift initiative to let Australians send money overseas using familiar identifiers at an unspecified date, as domestic account-to-account
CARDS ▸
Amid the controversy in Australia regarding CTF/AML compliance laws for subsidiary Bano, Australian banking as a service (BaaS) fintech Bolt Group is now issuing cards in Hong Kong
AP+’s small purchase interchange hikes sharpen a national payments pioneer’s decline, while banks narrow vulnerable customers’ choices and collect more dollars from a dying product.
Amongst Asia-Pacific’s rapidly growing fleet payments ecosystem, where transaction volumes are estimated at $435 billion annually, WEX and Mastercard have teamed up to create a single payment experience.
As many Payment Service Providers fail to pass on RBA interchange cuts in full, convenience and fuel outlets have gone to the ACCC for bargaining powers, while hotels
Australian Payments Plus (AP+) has slashed online eftpos interchange by up to 70%, but small proprietary debit purchases rise 40% for standard and strategic merchants, alongside larger credit
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Topics: CASH ▸
Nine out of ten Kiwi’s said New Zealand needs a minimum standard for access to cash services regardless of if ...
For the eight months to August 2026, Australians stopped using credit cards, paid down what they owed, and took out ...
Is a possible 100% price hike in 7 years too much? Armaguard’s long-awaited proposed cash distribution terms could expose small ...
Topics: BANKS ▸
New Zealand's Commerce Commission says Kiwi businesses could save $180 million a year by switching to pay by bank solutions ...
CBA, Westpac, NAB and ANZ seek urgent permission to coordinate on regional pop-up service “hubs" in settings such as libraries ...
As major banks scramble to unify fragmented trans-Tasman payment systems, agile fintechs and digital currencies are quietly siphoning off high-margin ...
Topics: SCAMS & FRAUD ▸
Australia’s Scams Prevention Framework is a step in the right direction to curb scam losses and protect people but, in ...
Online contact accounted for two-thirds of scam reports involving financial loss among people with disabilities in 2025, prompting warnings from ...
Banks face scrutiny of artificial intelligence, scam prevention, offset accounts and customer service as ASIC outlines its priorities, including checks ...
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The cruel farewell to Australia’s humble eftpos-only card