Archive | PayDay News

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.

Fintech

Nov 26, 2025

Live partners with Pipe, offering SMEs credit based on cash flow and performance

Live Payments has partnered with US fintech company Pipe, becoming its first Australian customer and helping to ramp up the tech’s expansion into Australia.

Digital & Online

Nov 26, 2025

PayPal launches Xoom in Australia

PayPal has announced the launch of its international money transfer service Xoom in Australia, promising easy and safer money transfers for PayPal customers in over 150 countries across more than 100 currencies.

The Interchange Bench

Nov 26, 2025

Rewards find investors, industry voices named and Mastercard muscles up

On The Interchange Bench this week the loyalty sector finds investor appetite, as Norbr names Aussie payments influencers, bankers get quizzed on net-zero and Mastercard recruits for an RBA stoush.

Digital & Online

Nov 26, 2025

Triple Zero woes raise questions over critical payments infrastructure

Australia’s critical infrastructure regime covers 13 sectors including financial services, but is the regime in the sector as strong and resilient as Australians need their payments infrastructure to be?

Fintech

Nov 26, 2025

Tyro cuts rates in Christmas deal with Visa and Mastercard

Tyro’s outgoing CEO Jon Davey has handed some small business customers a fee cut from next week, lowering prices just in time for Christmas.

Digital & Online

Nov 19, 2025

$40 million lost in a year – shoppers beware Black Friday scams

Online shoppers should stay alert to scams as Black Friday sales kick-off, with the Australian Bankers Association (ABA) claiming almost $40 million was lost to buying and selling scams over the past year.

Fintech

Nov 19, 2025

Aussies to sleigh holiday sales using AI as Santa’s helper

More than half of Aussies under 45 are planning to use creative AI tools to assist with holiday shopping, according to new research from PayPal.

Merchant Service Fees

Nov 19, 2025

Big banks urge RBA to test scheme fee regulation and broaden cards inquiry

The Reserve Bank of Australia (RBA) should not be deterred from regulating the scheme fees charged by Visa and Mastercard because of the possibility of litigation, according to Commonwealth Bank CEO Matt Comyn.

Regulation

Nov 19, 2025

Comyn quits tobacco – shutting down terminals and accounts

With ANZ Worldline also taking action, questions remain over whether Westpac and NAB are making any credible efforts.

The Interchange Bench

Nov 19, 2025

Fiery debaters, new platforms, talent and titles

On The Interchange Bench this week, Fintech executives are readying for a big debate on regulation vs innovation at Women in Payments, while Payflo comes to town, Mastercard tickles Tyro, AP+ tightens titles and EFTEX takes on new talent.

Banks

Nov 19, 2025

NAB races to land Citi migration by December as customers brace for rewards change

Former Citi customers will be migrated to the new MyCard platform but more work remains on balances and with partners, as looming RBA interchange cuts threatens existing rewards.

Digital & Online

Nov 19, 2025

Super to kick up NPP volume in 2026 as use cases expand

Payday Super is likely to give NPP payments a much-needed volume boost in the new year, as transaction growth begins to move into new areas of the market including merchant disbursements, subscription services and cross border payments.

Cash

Nov 19, 2025

The era of invisible finance: How AI, identity and trust are redefining money

The future of finance isn’t cashless. It’s conscious built on invisible intelligence and visible trust.

Merchant Service Fees

Nov 19, 2025

US merchants win the right to surcharge credit cards as RBA mulls ban

In a moment of payments regulatory irony, a court settlement in the US may give merchants the right to surcharge costly rewards, premium and corporate credit cards, just as the Reserve Bank of Australia (RBA) looks to ban the practice here.

Fintech

Nov 19, 2025

Vault new Mastercard Principal Issuer

Melbourne-based card payment fintech, Vault Payment Solutions has become a Mastercard Principal Issuer, promising both clients and cardholders faster innovation, greater agility, and enhanced security.

Merchant Service Fees

Nov 19, 2025

Westpac confirms interchange pays for its credit card rewards

Westpac CEO, Anthony Miller told the Standing Committee on Economics yesterday that rewards are funded by interchange fees, despite the Reserve Bank ruling them an ineligible interchange cost.

Digital & Online

Nov 12, 2025

57% of Aussie corporates unaware of BECS “2030+” shutdown: CBA research

New CommBank research suggests the majority of Australian corporates are unaware that the industry is planning to decommission the Bulk Electronic Clearing System (BECS) by “2030+”.

Fintech

Nov 12, 2025

ANZ Worldline gets tough on illegal tobacco as AUSTRAC targets banks and PSPs

“Just like the banks, payment platform providers should already be alive to the risks of illicit tobacco profits and consider who they are providing services to and how much risk they carry,” AUSTRAC.

Banks

Nov 12, 2025

CBA cries foul after receiving Shonky Award for “unfair fees”

CommBank is sending its shonky award for “unfair fees” back to CHOICE, after revealing it has paused fees for “eligible concession customers” and had spent $25 million on goodwill payments.