Archive | PayDay News

Merchant Service Fees

Oct 14, 2025

Impact of surcharge reform on government services uncertain as rego prices rise

There’s uncertainty about how governments will recoup the cost of banning card surcharges, as NSW bumps up its annual fees by more than CPI and Queensland cuts American Express as payment option for transport this week.

Fintech

Oct 14, 2025

Payments industry revs up for Payday Super, as legislation is introduced

Payments industry leaders have welcomed the introduction of the Payday Super legislation to Parliament that will require employers to pay their employees’ super at the same time as their salary and wages from 1 July 2026.

Fintech

Oct 14, 2025

PayPal Open launches in Australia

PayPal has launched its new merchant platform PayPal Open in Australia, integrating a suite of commerce tools from the PayPal ecosystem.

Merchant Service Fees

Oct 14, 2025

RBA admits small merchants may continue to pay high card fees

Reserve Bank Governor Michele Bullock has admitted that not only are small merchants paying “much, much more” in card fees than their big business counterparts, but they may continue to do so under its proposed plan.

Fintech

Oct 14, 2025

Square, CBA, NAB and Tyro ready to pull illegal tobacco terminals

A number of Payment Service Providers say they are actively working to identify and block illegal tobacco businesses and remove their POS terminal services.

Fintech

Oct 14, 2025

Tokenised invoices: way of the future?

Tokenised invoices are the next step in safe and instant reconciled payments, according to payments fintech, Azupay.

Banks

Oct 7, 2025

Angry customers as CBA payments go down ... again

Days after the Reserve Bank named payments resilience as a major priority for the next two years, the country’s biggest bank crashed its payments services for the second time in two weeks.

The Interchange Bench

Oct 7, 2025

Banks goes to auction, AP+ talks NPP in Europe and Zeller’s customer calculator

In the Interchange Bench this week, PayPal’s local boss takes his beach-side mansion to auction, while AP+ executives spruik their NPP experiences in Europe and Zeller’s customer calculator cranks up ahead of its UK expansion.

Digital & Online

Oct 7, 2025

Deanne Bannatyne named new CEO at NAB’s HICAPS

Deanne Bannatyne has taken over the top job at NAB’s healthcare payments specialist, HICAPS.

Fintech

Oct 7, 2025

Fintech freeze deepens as ANZ kills 1835i, leaving future of key investments unclear

The decision to kill its venture arm reflects internal pressures, a deteriorating external environment and an uncertain future for ANZ-backed fintechs left standing.

Fintech

Oct 7, 2025

Global card schemes and PSPs minimise their Australian tax

Booking revenue offshore, returning funds to offshore parents and other sophisticated tax tricks mean multinational payments and tech giants are contributing little to the tax base, despite billions in revenues.

Fintech

Oct 7, 2025

Monoova adds PayTo for WooCommerce merchants

Monoova customers will now be able to make instant, secure payments directly to their bank accounts with the payment service provider adding PayTo to its card-acquiring and PayID plug-in for WooCommerce merchants.

Cash

Oct 7, 2025

No detail as Deloitte report on cash distribution “finalised”

Deloitte Access Economics has provided their final "independent" pricing mechanism report to Armaguard, the major banks and some major retailers, with it announced on Friday without any detail.

Cash

Oct 7, 2025

Online set to dominate card transactions by end of 2026

The latest RBA payments data reveals Australian card spending retreated to $92 billion in August, while device-not-present transactions broke through 45% of total payments for the first time, putting online and bill payments on track to dominate by end of 2026.

Fintech

Oct 7, 2025

PayPal, CBA and Stripe rack up most complaints at AFCA

In 2025 PayPal overtook CommBank in the volume of merchant complaints filed with the Australian Financial Complaints Authority. Official AFCA data also shows complaints were received from users of ANZ “merchant facilities” even though the bank exited merchant acquiring in 2022.

Merchant Service Fees

Oct 7, 2025

Rewards market can thrive without interchange – and already does

The average Aussie spends about $20,000 a year on their credit card, but despite the hype you don’t need to spend a cent on it to get rewards.

Fintech

Oct 7, 2025

Zeller sets sights on UK’s £1.3 Trillion SME Market

Melbourne blended rate PSP Zeller has set its sights on the UK as the first step in a “global expansion” strategy.

Cash

Sep 30, 2025

A big first year – our biggest stories

PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.

Digital & Online

Sep 30, 2025

Australia moves to build crypto guardrails as payments integration accelerates

The government has released draft laws to license exchanges and issuers, ASIC has granted temporary relief for stablecoin distribution, and global players from PayPal to IG Group are reshaping Australia’s crypto payments landscape.

Crypto

Sep 30, 2025

Hana Wallet launches mobile-first, crypto card

Spending crypto via Apple Pay and Google Pay just became easier via a new virtual pre-paid crypto card launched by Sydney decentralised finance start up Hana Wallet.

Cards

Sep 30, 2025

IGA offers rewards and cash back

Shoppers at IGA supermarkets can now enjoy rewards and cashback offers in a move that goes head to head with Coles Flybuys and Woolworths Rewards programs.

Sep 30, 2025

Keeping the bastards honest - PayDay News turns one

"As we move into our second year at Payday News, I like to think of our role being like that of Senator Don Chipp who in 1980 said famously that his job was “To keep the bastards honest”. Clearly, we have our work cut out for us."

Fintech

Sep 30, 2025

Merchants wait on Chalmers to close AFCA scheme loopholes

Small business customers of ANZ Worldline Payment Solutions and the Fiserv-owned Clover platform are unable to lodge claims against either provider with the Australian Financial Complaints Authority. While both acquirers are exempt from having to submit to AFCA’s jurisdiction, their non-participation in the dispute resolution scheme highlights a loophole that lawmakers have failed to close.

The Interchange Bench

Sep 30, 2025

Movement at Worldline, Tyro hires for growth and more interchange shenanigans

In our first edition of our breaking news and gossip column, Interchange Bench, we look at executive changes at Worldline Australia and Tyro, as well as continuing shenanigans in the murky world of interchange lobbying.

Fintech

Sep 30, 2025

Payments companies looking more like banks as they grow business loans

In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.