Sunshine Loans has been penalised $5.5 million after ASIC pursued the payday lender over unlawful repayment rescheduling fees charged to
PayPal and Quest have brought Pay in 4 to The Good Guys’ terminals, expanding its in-store reach, while Zip opens
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
Qvalent listed PayWay and QuickSuper among five affected services, while PEXA warned of possible delays to property transactions involving Westpac
Qantas Business Rewards is offering up to 100,000 bonus points on BAS and supplier payments through pay.com.au and B2Bpay, as Westpac and Prospa add
Qantas Business Rewards is offering up to 100,000 bonus points on BAS
Fast, convenient payments can encourage online gamblers to spend more and make losses harder to track, says a University of Sydney gambling researcher calling
Fast, convenient payments can encourage online gamblers to spend more and make
ANZ paid $28 million for Worldline’s stake in its Australian merchant business and is now trying to keep Suncorp Bank merchants with an offer
ANZ paid $28 million for Worldline’s stake in its Australian merchant business
Macquarie’s half-year results show growing deposits and higher technology spending in its banking business as DEFT pushes PayID, with weekend settlement delays and no
Macquarie’s half-year results show growing deposits and higher technology spending in its
TOP STORIES
The ACCC has widened Armaguard customer price protections following calls from the
The ACCC has widened Armaguard customer price protections following calls from the
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
David Jones has stopped issuing credit cards, selling gift cards and cut
David Jones has stopped issuing credit cards, selling gift cards and cut
While the Finance Minister tried to dodge chaos around the credit card
While the Finance Minister tried to dodge chaos around the credit card
Revolut’s New Zealand banking approval brings a shared bank brand across the
Revolut’s New Zealand banking approval brings a shared bank brand across the
Qvalent listed PayWay and QuickSuper among five affected services, while PEXA warned of possible delays to property transactions involving Westpac and St.George.
Qantas Business Rewards is offering up to 100,000 bonus points on BAS and supplier payments through pay.com.au and B2Bpay, as Westpac and Prospa add
Qantas Business Rewards is offering up to 100,000 bonus points on BAS
Fast, convenient payments can encourage online gamblers to spend more and make losses harder to track, says a University of Sydney gambling researcher calling
Fast, convenient payments can encourage online gamblers to spend more and make
ANZ paid $28 million for Worldline’s stake in its Australian merchant business and is now trying to keep Suncorp Bank merchants with an offer
ANZ paid $28 million for Worldline’s stake in its Australian merchant business
Macquarie’s half-year results show growing deposits and higher technology spending in its banking business as DEFT pushes PayID, with weekend settlement delays and no
Macquarie’s half-year results show growing deposits and higher technology spending in its
TOP STORIES
As the “no surcharge” circus clouds clear, Westpac has cut its rate
As the “no surcharge” circus clouds clear, Westpac has cut its rate
The ACCC has widened Armaguard customer price protections following calls from the
The ACCC has widened Armaguard customer price protections following calls from the
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
David Jones has stopped issuing credit cards, selling gift cards and cut
David Jones has stopped issuing credit cards, selling gift cards and cut
While the Finance Minister tried to dodge chaos around the credit card
While the Finance Minister tried to dodge chaos around the credit card
Revolut’s New Zealand banking approval brings a shared bank brand across the
Revolut’s New Zealand banking approval brings a shared bank brand across the
With the schemes’ surcharge ban well underway, many are looking to cash
With the schemes’ surcharge ban well underway, many are looking to cash
Sunshine Loans has been penalised $5.5 million after ASIC pursued the payday lender over unlawful repayment rescheduling fees charged to
As the “no surcharge” circus clouds clear, Westpac has cut its rate and Square is holding firm, leaving a sea
PayPal and Quest have brought Pay in 4 to The Good Guys’ terminals, expanding its in-store reach, while Zip opens
The ACCC has widened Armaguard customer price protections following calls from the Regional Banking Investment Alliance, Independent Payments Forum and
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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 INTERCHANGE BENCH
The Week in Payments
Expert insight and analysis on the big stories shaping the payments industry.
TRENDING STORIES
Former Westpac CEO and Beforepay Group chairman Brian Hartzer says incoming CEO
Former Westpac CEO and Beforepay Group chairman Brian Hartzer says incoming CEO
Experts believe the government’s draft legislation to improve tax transparency for cryptocurrencies
Experts believe the government’s draft legislation to improve tax transparency for cryptocurrencies
Binance’s US$6.3 billion theft intensifies scrutiny of crypto custody as Westpac follows
Binance’s US$6.3 billion theft intensifies scrutiny of crypto custody as Westpac follows
Westpac is advancing Westpac One and PayID Biller as Payday Super volumes
Westpac is advancing Westpac One and PayID Biller as Payday Super volumes
Banking Circle is supporting AllUnity’s push into cross-border business payments, providing the
Banking Circle is supporting AllUnity’s push into cross-border business payments, providing the
After paying no tax in FY25, Linfox Armaguard’s proposed new cash pricing
After paying no tax in FY25, Linfox Armaguard’s proposed new cash pricing
While NAB says consumer spend remained solid in September in Australia, consumer
While NAB says consumer spend remained solid in September in Australia, consumer
As participants struggle to reach consensus, AusPayNet and AP+ could gain six
As participants struggle to reach consensus, AusPayNet and AP+ could gain six
A new Suva training hub will teach cybersecurity and e-commerce skills as
A new Suva training hub will teach cybersecurity and e-commerce skills as
Australia’s best payments minds have until 27 November to nominate for a
Australia’s best payments minds have until 27 November to nominate for a
Qantas Frequent Flyer members can spend points on more movies and attractions
Qantas Frequent Flyer members can spend points on more movies and attractions
A narrow cash mandate, retail exemptions and separate plans for distribution, ATMs
A narrow cash mandate, retail exemptions and separate plans for distribution, ATMs
Federal Court orders will let developers choose payment providers and offer cheaper
Federal Court orders will let developers choose payment providers and offer cheaper
Investors and traders are using “powerful” AI to support investment decisions amid
Investors and traders are using “powerful” AI to support investment decisions amid
AFCA’s annual review reveals rising disputes over BNPL, everyday accounts, cards and
AFCA’s annual review reveals rising disputes over BNPL, everyday accounts, cards and
Australia’s fintech industry is entering a more mature growth phase, led by
Australia’s fintech industry is entering a more mature growth phase, led by
PAYMENTS COMMENTARY
As the “no surcharge” circus clouds clear, Westpac has cut its rate and Square is holding firm, leaving a sea of small merchants to work out how much of the interchange cut has actually reached
Zepto, Monoova, Azupay, Paypa Plane, Airwallex, Adyen, Pyng and Banking Circle see A2A opportunities, but roadmap delays, access barriers and unresolved customer protections threaten progress as the true cost of the card surcharge ban begins
Visa, Mastercard and American Express earned US$14.3 billion in the September quarter, as Visa deepened big four ties and their combined market value approached eight CBAs.
TRENDING STORIES
PAYMENTS COMMENTARY
As the “no surcharge” circus clouds clear, Westpac has cut its rate and Square is holding firm, leaving a sea of small merchants to work out how much of the interchange cut has actually reached
Zepto, Monoova, Azupay, Paypa Plane, Airwallex, Adyen, Pyng and Banking Circle see A2A opportunities, but roadmap delays, access barriers and unresolved customer protections threaten progress as the true cost of the card surcharge ban begins
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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
People, moves and talk from across the payments world.
On The Interchange Bench, PayNuts taps NAB’s Zsolt Selmeci for partnerships and Mark Paice steps up at Kiwibank. Tyro’s sushi tram rolls as its shares slide 31%, Azupay weighs in on surcharges and ANZ’s PayTo campaign for IKEA hits the streets.
a2a
Qvalent listed PayWay and QuickSuper among five affected services, while PEXA warned
Qvalent listed PayWay and QuickSuper among five affected services, while PEXA warned
Macquarie’s half-year results show growing deposits and higher technology spending in its
Macquarie’s half-year results show growing deposits and higher technology spending in its
Labour has picked the same deadline for kiwi real time as the
Labour has picked the same deadline for kiwi real time as the
In an exclusive interview with PayDay News, Monoova’s CEO Bianca Bates said
In an exclusive interview with PayDay News, Monoova’s CEO Bianca Bates said
As participants struggle to reach consensus, AusPayNet and AP+ could gain six
As participants struggle to reach consensus, AusPayNet and AP+ could gain six
Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare
Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare
cards
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
Merchants took nearly $6 billion on overseas-issued credit and charge cards in
David Jones has stopped issuing credit cards, selling gift cards and cut
David Jones has stopped issuing credit cards, selling gift cards and cut
Qantas Business Rewards is offering up to 100,000 bonus points on BAS
Qantas Business Rewards is offering up to 100,000 bonus points on BAS
While the Finance Minister tried to dodge chaos around the credit card
While the Finance Minister tried to dodge chaos around the credit card
CBA is pushing the benefits of virtual credit cards for supplier payments
CBA is pushing the benefits of virtual credit cards for supplier payments
Visa, Mastercard and American Express earned US$14.3 billion in the September quarter,
Visa, Mastercard and American Express earned US$14.3 billion in the September quarter,
STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS
Subscribe to get your weekly PayDay News updates direct to your inbox
TOPICS: CASH
The ACCC has widened Armaguard customer price protections following calls from the Regional Banking Investment Alliance, Independent Payments Forum and Clubs Australia, as the RBA brings Prosegur Australia into regulation.
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
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.
TOPICS: BANKS
ANZ paid $28 million for Worldline’s stake in its Australian merchant business and is now trying to keep Suncorp Bank merchants with an offer of 0.95% domestic card rate.
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.
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.
TOPICS: SCAMS & FRAUD
Sunshine Loans has been penalised $5.5 million after ASIC pursued the payday lender over unlawful repayment rescheduling fees charged to financially vulnerable borrowers.
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 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.
TOPICS: CRYTPO
TOPICS: REGULATION
TOPICS: FINTECH
TOPICS: CRYTPO
New Anti-Money Laundering/Counter Terrorism Financing laws have slowed Australian Cryptocurrency transaction times from seconds to “almost an hour,” exchanges are claiming.
Experts believe the government’s draft legislation to improve tax transparency for cryptocurrencies could bring greater certainty and signal sector maturity, but they
Binance’s US$6.3 billion theft intensifies scrutiny of crypto custody as Westpac follows CBA with a $10,000 monthly exchange-payment limit and ASIC develops
Banking Circle is supporting AllUnity’s push into cross-border business payments, providing the banking services behind its US dollar stablecoin, USDAU.
Securities regulator ASIC and the Reserve Bank have launched new consultations on crypto proposals that promise better protections for users but they
Everyday cryptocurrency investors in Australia want clearer rules for the market, with several industry executives telling PayDay News that regulatory certainty could
Can I use crypto for that? Industry experts tell PayDay News that regulation and the growing availability will soon accelerate the growth
Crypto executives say AUSTRAC’s recent crackdowns will strengthen the industry’s legitimacy.
TOPICS: REGULATION
The ACCC has widened Armaguard customer price protections following calls from the Regional Banking Investment Alliance, Independent Payments Forum and Clubs Australia,
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
CBA, NAB, Westpac and ANZ Worldline have published fee averages, but the RBA’s transparency reforms leave Australia’s small businesses and merchants without
Federal Court orders will let developers choose payment providers and offer cheaper digital purchases, while restricting Apple’s fees. Apple plans to appeal.
AFCA’s annual review reveals rising disputes over BNPL, everyday accounts, cards and unauthorised transactions.
New Zealand has moved open banking standards into government hands as Westpac and BNZ report surging use, Kiwibank expands services and Qippay
Small businesses and consumers face immediate surcharge "ban" costs and the payments industry is paralysed by A2A uncertainty, while the RBA’s pivotal
The ATO’s credit-card reprieve exposes the corporate-card interchange loophole in the RBA’s reforms, rewarding points collectors while shifting acceptance costs onto taxpayers,
TOPICS: FINTECH
PayPal and Quest have brought Pay in 4 to The Good Guys’ terminals, expanding its in-store reach, while Zip opens ZMobile to
Revolut’s New Zealand banking approval brings a shared bank brand across the Tasman, with NZ chair Rob Everett supporting its challenge to
Zepto, Monoova, Azupay, Paypa Plane, Airwallex, Adyen, Pyng and Banking Circle see A2A opportunities, but roadmap delays, access barriers and unresolved customer
Australia’s fintech industry is entering a more mature growth phase, led by the payments sector, with nearly half of businesses reporting a
Payments businesses face disproportionate compliance pressures, with a new industry census identifying anti-money laundering obligations and licensing reform as major burdens for
A market analyst has flagged a 75% chance Square could leave ASX-listed Cuscal within five years, as Aussie underdog Tyro fights a
Sydney light-rail advertising and restaurant industry sponsorship puts Tyro’s brand in the spotlight as shareholders face falling prices and merchants confront the
A partnership between Five V Capital-backed Fat Zebra and Attekus puts payment processing inside council booking software, creating a new route to
AUSTRALIAN PAYMENTS NEWS
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Forty days and forty nights aboard the “surcharge ban” ark
Forty days and forty nights aboard the “surcharge ban” ark