The Reserve Bank says ASX remains below expectations on governance, operational resilience and risk management, despite upgrading two facilities after improvements to the ageing CHESS settlement system during
- Commentary, Featured
Be careful what you wish for. The inevitable outcome of the surcharge ban
Despite claims of savings for Aussie consumers and businesses that may come with the Reserve Bank’s decision on card fees and surcharging, there are definite winners out of
Stud stock buyers will moo-noova over to online payments when paying to insure their prized bulls and rams, thanks to a collaboration with an online insurance portal and
On The Interchange Bench this week, Volt gains Australian payments licence, RBA staff reject pay deal as inflation bites and interest rates soar, embattled Bolt gets a Mastercard
Can I use crypto for that? Industry experts tell PayDay News that regulation and the growing availability will soon accelerate the growth of crypto in Aussie retail but
In the same week the RBA hiked interest rates to their highest level in 15 years, its Payments System Board is about to face the possibility of real world inflationary impacts of its surcharge "ban", with the impact of lagging account-to-account reform next in line.
Small vendors face immediate pressure to absorb processing fees or increase prices, as payment providers hold margins and delay transparent fee disclosures after surcharging ends. Meanwhile, NAB and ANZ follow Westpac by excluding American Express from their blended rate offers.
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TRENDING STORIES ▸
Payments COMMENTARY ▸
Despite claims of savings for Aussie consumers and businesses that may come with the Reserve Bank’s decision on card fees and surcharging, there are definite winners out of all of ...
The distinction between three and four party schemes in Australia is increasingly blurry, writes Vibhu Arya. ...
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THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Volt gains Australian payments licence, RBA staff reject pay deal as inflation bites and interest rates soar, embattled Bolt gets a Mastercard passkey, Carrabs ...
On The Interchange Bench this week, Ollerenshaw joins Cuscal as chief people officer, Haylock goes to market at Hello, Amex serves up NFL slice of Americana, Visa’s up for some ...
A2A ▸
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
University students are jumping on PayID to pay their fees, thanks to an Azupay integration with Curtin.
After a direct transfer of its Australian Payments Plus (AP+) relationship, the newly acquired Bolt Group app continues to be directly banked through Cuscal, despite its new owner’s
India has put account-to-account (A2A) payments behind the same tap consumers use for cards, potentially removing a critical adoption barrier that has frustrated Australian payment providers for almost
As the RBA mulls Australia’s payments future, Vietnam offers an intriguing case study: cash remains strong, while high card fees have helped QR-based account payments leapfrog cards.
CARDS ▸
Banks are cutting consumer rewards while offering ABN holders 375,000-point bonuses, as government-issued NAB cards retain commercial rates, exposing small merchants to higher costs under Canberra’s own rules
Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future economics of Australia’s domestic debit network.
When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to the bill shock.
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers
Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to bring three-party card networks inside equivalent
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Topics: CASH ▸
Is a possible 100% price hike in 7 years too much? Armaguard’s long-awaited proposed cash distribution terms could expose small ...
The Reserve Bank says the cash it prints remains critical to Australia’s payments system, while leaving industry to resolve the ...
Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions ...
Topics: BANKS ▸
Australia’s wholesale financial system has fallen behind its dynamic retail payments market, prompting the RBA and banks to accelerate tokenised ...
CBA-owned ASB is changing leaders as New Zealand confronts major decisions on cash, real-time payments, open banking and stronger Trans-Tasman ...
The ACCC has approved an ABA regional ATM trial, but limited it to 20 machines, three years and narrowly defined ...
Topics: SCAMS & FRAUD ▸
CBA has deepened its relationship with new card partner Discover, teaming with owner Capital One on principles to rein in ...
The Intergenerational Report warns AI-powered scams, cyberattacks and geopolitical fragmentation will reshape payment risks, while Payday Super embeds payments infrastructure ...
Australian customers were not impacted after the global fintech was tricked into handing sensitive customer information to scammers raising fresh ...
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