Archive

Jul 15, 2025

Indue on the block as payments sector realignment continues apace

Indue’s cooperative ownership—15 credit unions and mutuals— is considering its future in an industry under mounting regulatory, commercial, and technological pressures.

Digital & Online

Jul 15, 2025

Industry clambers aboard the digital dollar trial with Aussie regulators

Is Australia moving closer to a new central bank digital Australian dollar, with the support of big banks, J.P. Morgan, three regulators, Australia’s domestic payments scheme and fintechs?

Merchant Service Fees

Jul 15, 2025

Retailers accuse RBA of “political fix” on card fees

Small business groups say the RBA’s proposed reforms won’t bring down card fees anywhere near as much as anticipated, and consumers will end up paying higher prices.

Cash

Jul 15, 2025

The thorny acronyms of criminals and payments: ATMs, POS and KYC

The Australian payments system is wrestling with a multi-pronged crime problem: trying to clean up old-fashioned ATMs and point of sale (POS) terminals in illegal tobacco and vape stores, while struggling to corral a new breed of crypto ATMs that are quietly multiplying and also attracting criminals.

Digital & Online

Jul 8, 2025

ANZ turns off BPAY View service

ANZ started to turn off a service which was designed to help customers with bill payments and notifications via BPAY, just days after its new CEO, Nuno Matos, took charge.

Banks

Jul 8, 2025

ANZ Worldline eyes more capital to address loan breach and funding

Struggling merchant payments provider ANZ Worldline Payment Solutions posted a record loss of $68.9 million in the 12 months to the end of December.

A2A

Jul 8, 2025

AP+’s PayTo ad campaign

Australian Payments Plus has been running a new PayTo ad campaign, highlighting the digital payment alternative as a new secure way to pay directly from your bank account using a PayID, or BSB and account number.

Cash

Jul 8, 2025

Australia’s record credit card surge hides a surprising twist

Credit card spending just hit a two-year high, but the real story isn't about consumers. It's about businesses on the brink.

Merchant Service Fees

Jul 8, 2025

eCommerce jobs go as Tyro implements new product and technology model

With its future under the cloud of a languishing share price, US rivals looking to Australia for acquisitions, and the RBA set to up end its business model, Tyro is vowing to go it alone.

Merchant Service Fees

Jul 8, 2025

Interchange fees infringe EU competition law, says London tribunal

Visa and Mastercard's interchange fees infringe competition law, a London tribunal has ruled in the latest round of the ongoing legal battle.

Fintech

Jul 8, 2025

One-click payroll and super launched by SuperAPI, Payroo and Monoova

Three fintechs have teamed up to help Aussie businesses stay ahead of regulatory change in payroll and superannuation.

Cash

Jul 8, 2025

Police issue warnings over counterfeit cash

After a spate of incidents involving fake cash, Tasmania and Queensland police have issued warnings about counterfeit $100 and $50 notes.

Merchant Service Fees

Jul 8, 2025

RBA options paper set to ignite heated debate on card fees and surcharging

When the Reserve Bank of Australia (RBA) kicks off its consultation on the Review of Merchant Card Payment Costs and Surcharging next Tuesday, Australia will have three big payments consultations running in tandem. Why?

Fintech

Jul 8, 2025

Shift4 completes Global Blue buy, as it moves into Aussie payments

With a series of heavy-duty acquisitions, Shift4 is poised to enter the Australian market with serious capabilities and a ready-made customer base.

Fintech

Jul 8, 2025

Till founder Shadi Haddad and Nuvei face possible lawsuit

On July 2, the NSW Supreme Court gave major investors Silva Fortune and NGP Investments access to Till financial records, that may also reveal whether Till’s acquisition was at arm's length.

Merchant Service Fees

Jul 8, 2025

Visa introduces new scheme fees

Visa has started informing clients about two upcoming scheme fee hikes, PayDay News understands.

Banks

Jul 8, 2025

Westpac live with Confirm Payee, while the industry lurches towards possible Christmas rollout

The so-called launch of the ‘Confirm Payee’ anti-scam technology is less than it looks and its hardly the first time the Australian Banking Association had buried the small print.

Banks

Jul 1, 2025

$100 million invested in “Confirmation of Payee” to fight scammers

A new name-matching service designed to help protect customers from being tricked into sending money to criminals was launched today.

Digital & Online

Jul 1, 2025

AI hire and investment war escalates, as NAB pre-announces digital executive

In the race for digital-savvy bank executives and AI investment, NAB has pre-announced the appointment of Lloyds Banking Group and former CBA executive Pete Steel to focus on its digital and AI operations, including the “design and customer onboarding” of its digital bank, ubank.

Banks

Jul 1, 2025

ANZ appoints tech executive to Worldline Australia Board

Peter Barrass is one of ANZ’s most successful technology executives after he engineered an overhaul of the group’s institutional payments arm. The bank has now tapped him to join the board of its ailing merchant payments joint venture with Worldline.

Banks

Jul 1, 2025

CBA joins AI-powered scam fight

CBA is the latest bank to announce AI remedies to scams, this time using a fleet of thousands of fake Aussie consumers to keep scammers busy and disrupt their operations.

Digital & Online

Jul 1, 2025

Coles Pay wallet locks in customers, and gathers more data

Supermarket giant Coles is preparing to ramp-up promotion of Coles Pay as its new digital wallet, marking a strategic shift in its digital payment offerings.

Fintech

Jul 1, 2025

EML settles class action for $37.4 million

Brisbane based payments outfit EML Payments Limited has signed an in-principle agreement to settle its shareholder class action proceeding for $37.4 million.

Fintech

Jul 1, 2025

Humm drops BNPL and announces takeover bid

Sydney based ASX-listed Humm Group limited has announces $286 million takeover offer from The Abercrombie Group Pty Ltd (TAG).

Digital & Online

Jul 1, 2025

NSW probes e-conveyancing

NSW Parliament is forming a Select Committee to look at competition reforms in electronic conveyancing.