Archive | PayDay News

Digital & Online

Dec 10, 2025

Checkout.com adopts OpenAI backed ACP for merchants

Global digital payments company, Checkout.com announced it will support Agentic Commerce Protocol (ACP), as research suggests Australians are highly open to AI-assisted shopping.

Government

Dec 10, 2025

Ciggies cheaper than ‘90s, as payments industry dawdles and ABS commits to collect data

Despite promises from the payments industry to crack down on illicit tobacco sellers, punters can still use their cards to purchase a packet of illegal cigarettes, cheaper today than they were more than a quarter of century ago when Paul Keating was PM and Nirvana’s Smells Like Teen Spirit topped Australia’s Hot 100.

Digital & Online

Dec 10, 2025

Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high

Credit card companies Visa and Mastercard will join digital wallet providers Apple Pay and Google Pay to front a new parliamentary inquiry in 2026, as Australia’s revolving credit card debt and online spending soars to new highs.

Cash

Dec 10, 2025

Device-not-present transactions account for 85% of card payment growth

The dominance of device-not-present payments continues to reshape the Australian payments landscape. The latest RBA data shows that of the $107.4 billion increase in annual card spend over the past year, $90.8 billion, 84.6% of total growth, has come from online shopping, bill payments and subscriptions.

Cards

Dec 10, 2025

Littlepay taps Wellington, showing Australia how a city's contactless transit can be done

In stark contrast to Australian transit payment project overruns and delays, Melbourne transit payments outfit Littlepay will deliver a contactless transit system for Wellington, New Zealand, for NZ$5.5 million in just six months.

Dec 10, 2025

Mobile wallets grow 24% annually as Australians abandon physical cards

The RBA's payments data has reached a critical milestone: 13 months of mobile wallet statistics. For the first time, we can compare year-on-year growth, and the results confirm a fundamental shift in how Australians pay.

Fintech

Dec 10, 2025

Payments innovation lacks priority, survey

Less than half of C-suite executives from payments organisations from around the world see innovation as a priority, according to a new ACI Worldwide report.

Merchant Service Fees

Dec 3, 2025

Banks fail to delay card review but could win on interchange

The Reserve Bank of Australia will not bow to pressure to delay its inquiry into surcharge and card fees, but instead appears to be preparing to deliver the banks a win on interchange.

Digital & Online

Dec 3, 2025

Cohen bulks up PEXA team ahead of possible ACCC probe

New PEXA CEO Russell Cohen has bulked up his executive team and cleaned house as he prepares for more government and regulatory scrutiny.

Fintech

Dec 3, 2025

Coinbase Australia picks new ex-CommSec exec as COO

Cryptocurrency exchange company, Coinbase Australia, has appointed former CommSec Executive Manager Adam Judd as Chief Operating Officer ahead of big changes to the regulatory landscape.

Fintech

Dec 3, 2025

Emma Burke to steer Tyro through critical Christmas peak

When Jon Davey leaves Tyro’s head office for the last time on Friday, the company’s CFO Emma Burke will temporarily take charge of one of the nation’s biggest acquirers for a critical five-week period – the annual peak payments period over Christmas and the Boxing Day sales.

Banks

Dec 3, 2025

NAB completes Citibank migration, becomes nation’s super Issuer

NAB just became Australia’s biggest card issuer with the completion of the Citibank migration, and now it wants relief on the Reserve Bank’s proposed interchange cuts.

Regulation

Dec 3, 2025

RBA quietly launches major rebuild of its A2A payments infrastructure

It’s clear the RBA knows exactly what it wants in a new A2A Payments Hub build. It has ruled out consortia or any alternative network designs, possibly leaving only a few players who can fit the bill.

Regulation

Dec 3, 2025

Retailers call on banks to act on Illicit tobacco as revenues take a hit

Retailers have called on the payments industry to speed up disconnections of illegal tobacco stores, as their revenues take a significant hit.

Fintech

Dec 3, 2025

Staff get 12 month reprieve as Cuscal completes Indue deal

Cuscal has completed its acquisition of Indue on schedule, and while staff get a 12 month reprieve on job cuts as we head into the holidays, Indue executives might not be so lucky.

Digital & Online

Dec 3, 2025

Westpac launches universal feature to cancel subscription payments

Westpac and Mastercard have collaborated to develop a new “first of its kind in Australian banking” feature, enabling Westpac customers to be able to view and cancel subscription payments directly through the Westpac app.

The Interchange Bench

Dec 3, 2025

Yak in the sights, Revolut chases credit and Cuscal banks on acquiring

On the Interchange Bench this week, Cuscal banks on acquiring, Revolut plans Australian credit rollout and the Yak Pay brand fades for a friend.

Regulation

Nov 26, 2025

ANZ joins tobacco fight as AUSTRAC presses remitters on child exploitation payments

ANZ, like its peers and PSPs, has not revealed how many illicit tobacco merchants have been cut off, as AUSTRAC orders an audit of WorldRemit for child exploitation payments and targets others.

Digital & Online

Nov 26, 2025

ATO urges employers to move early on payday super or risk compliance nightmare

Employers have been warned to move early on payday super, with the ATO expecting 25 times the number of rejected contribution payments and payroll platforms pre-empting cash flow management issues.

Cash

Nov 26, 2025

Aussies prepare to flash cash in holiday sales bonanza

While cashless is king during the sales events leading up to Christmas, more than a quarter of shoppers will use cash for some purchases, according to Monash Business School’s annual seasonal retail research report.

Cash

Nov 26, 2025

Can an ATM passion project assist remote cash distribution blues?

NAB CEO Andrew Irvine has revealed his “passion project” - a multi-deposit ATM - to assist cash distribution in remote communities, but it turns out he isn't the only one in the industry with a deep enthusiasm for the technology.

Digital & Online

Nov 26, 2025

Chatty teens to verify via ConnectID as Apple looms

Bank-backed AP+ identity platform ConnectID scored a big win this week, with Snapchat adopting the technology for teen verification ahead of new social media rules kicking in next month, but Apple is now looming large as a competitor in the hotly contested space.

Fintech

Nov 26, 2025

Cuscal celebrates ASX 1st birthday with “best IPO” award

Cuscal celebrated its first birthday on the ASX yesterday and took out “Best IPO Listing” at the Adam Smith Awards Asia 2025 in Singapore.

Digital & Online

Nov 26, 2025

Cuscal’s Indue deal to be finalised next week

Cuscal expects to finalise its acquisition of Indue next week, after clearing the last regulatory hurdle.

A2A

Nov 26, 2025

Desire for real time transition tempered by cost, take up, outages and reach

A summary of 68 submissions on the future of account-to-account payments shows a desire to move to real time payments but concerns remain around cost, take up of services, outages and account reach.