Post office overhaul could further shrink cash and payments capability

Post office overhaul could further shrink cash and payments capability

Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions about what ...
The Interchange Bench

The Interchange Bench

On The Interchange Bench this week, TNS promotes PAX chief Johnson to global role, Walsh appointed pay’s marketing chief, Younes takes on ...
Coles Pay closes as the company steps into bank rewards void

Coles Pay closes as the company steps into bank rewards void

Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card ...
ASD warns Australian online stores under active cyber attack

ASD warns Australian online stores under active cyber attack

Australian merchants using Adobe Commerce and Magento were last week urged to apply security patches immediately after authorities warned a critical vulnerability ...
AUSTRAC crackdown is good for Aussie crypto, executives say

AUSTRAC crackdown is good for Aussie crypto, executives say

Crypto executives say AUSTRAC’s recent crackdowns will strengthen the industry’s legitimacy. ...
India’s cracked the NFC tap barrier stifling A2A in Aussie retail

India’s cracked the NFC tap barrier stifling A2A in Aussie retail

India has put account-to-account (A2A) payments behind the same tap consumers use for cards, potentially removing a critical adoption barrier that has ...
How the Amex surcharge escape clause works

How the Amex surcharge escape clause works

In a regulatory free environment, American Express has created a Supplier Trade Fee (STF) allowing eligible B2B merchants to recover transaction costs ...
Australians spared from Revolut data breach

Australians spared from Revolut data breach

Australian customers were not impacted after the global fintech was tricked into handing sensitive customer information to scammers raising fresh concerns about ...
November 1 is when things get messy

November 1 is when things get messy

When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to the bill ...
The fault lines in Australia’s payments

The fault lines in Australia’s payments

Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...
Affirm and Shopify launch Shop Pay Installments in Australia

Affirm and Shopify launch Shop Pay Installments in Australia

Australian merchants on Shopify will have another BNPL option to pay with the launch of Shop Pay Installments. ...
NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on ...
Adyen consolidates Melbourne’s Limitless payments across six Asian markets

Adyen consolidates Melbourne’s Limitless payments across six Asian markets

Melbourne-based gifting group Limitless Technology has consolidated four payment gateways onto Adyen, simplifying payments across five brands and six Asia-Pacific markets as ...
Fintechs push RBA to open NPP access and unlock A2A competition

Fintechs push RBA to open NPP access and unlock A2A competition

Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the centre of ...
RBA puts retail digital dollar on ice as tokenised wholesale push grows

RBA puts retail digital dollar on ice as tokenised wholesale push grows

Australia’s central bank sees little need for a digital dollar for consumers, but is pushing ahead with plans to reshape RITS for ...
Banks line up against Amex as RBA weighs three-party regulation

Banks line up against Amex as RBA weighs three-party regulation

Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to ...
Card costs push cash-friendly Vietnam to leapfrog plastic for A2A

Card costs push cash-friendly Vietnam to leapfrog plastic for A2A

As the RBA mulls Australia’s payments future, Vietnam offers an intriguing case study: cash remains strong, while high card fees have helped ...
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Australia’s card networks have joined forces on an industry marketing “education” campaign to sell the October surcharge ban they lobbied for, after ...
Australia Post to drop Western Union as AUSTRAC opens investigation

Australia Post to drop Western Union as AUSTRAC opens investigation

Western Union is now under enforcement investigation over its agent network six weeks before its biggest Australian agent walks after 22 years. ...
ANZ puts December hard stop on Suncorp merchant acquiring

ANZ puts December hard stop on Suncorp merchant acquiring

Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their ...
Debit tips into double digits and pulls away from credit

Debit tips into double digits and pulls away from credit

Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. ...
Australian payments talent has grown up and grown fast

Australian payments talent has grown up and grown fast

Payments talent recruiter and CEO of Paralel Craig Danvers looks at change in the Australian payments market over the past decade – ...
The Interchange Bench

The Interchange Bench

On The Interchange Bench this week, Tyro's Lee learns the hard way, a familiar face resurfaces at Salter Brothers, Revolut's unlikely wingman, ...
Government to refresh payments strategy as fintech plan lands

Government to refresh payments strategy as fintech plan lands

Treasury will consult on a refreshed Strategic Plan for Australia’s Payments System later this year as part of a broader push to ...
RBA designates Armaguard as cash pricing fight looms

RBA designates Armaguard as cash pricing fight looms

Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved battles over ...
Anthony Drury announced as Zenith Payments CEO

Anthony Drury announced as Zenith Payments CEO

The company has seen a reshuffle at the top, with Kevin Butler moving to CPO. ...
DataMesh & Castles Technology launch flagship terminals on DataMesh Satellite

DataMesh & Castles Technology launch flagship terminals on DataMesh Satellite

A collaboration between DataMesh and Castles Technology brings a range of devices to Australia, giving customers more choice. ...
RBA may be banking on McHardie to fix two big payments issues – moving to NPP and RITS

RBA may be banking on McHardie to fix two big payments issues – moving to NPP and RITS

When Government IT veteran Charles McHardie steps into the role of Chief Information Officer, the central bank will be battling decade-long delays ...
Research shows Australian businesses embracing real-time payments

Research shows Australian businesses embracing real-time payments

New research from AP+ and Crisil Coalition Greenwich says corporate Australia is embracing real-time payments as finance leaders look beyond speed, in ...
Blended dilemma. Why don’t all merchants benefit from interchange cuts?

Blended dilemma. Why don’t all merchants benefit from interchange cuts?

The RBA has been regulating interchange for more than two decades but not everyone is a winner. The savings are distributed unequally ...
HuePay & Novatti advance payment innovation in new partnership

HuePay & Novatti advance payment innovation in new partnership

A new partnership will focus on integrating Chinese-originated payment methods with Australian and New Zealand card payment infrastructure, allowing businesses seamless payment ...
AUSTRAC issues AML/CTF notices to non-enrolled businesses

AUSTRAC issues AML/CTF notices to non-enrolled businesses

Businesses that play an important role in helping detect and prevent money laundering but are not enrolled under Australia’s AML and CTF ...
Despite mandating cards, cash still rules the till in Italy

Despite mandating cards, cash still rules the till in Italy

If Australian banks are trying to kill cash, Italy offers a fascinating warning: even mandating electronic payment acceptance across virtually the entire ...
Western Union & TenPay Global partner to launch Weixin Mini Program

Western Union & TenPay Global partner to launch Weixin Mini Program

Through the partnership of global company’s TenPay Global and Western Union, Weixin Mini Program launches, making Australia-to-China remittances more convenient and accessible. ...
CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

Commonwealth Bank will cut its blended merchant fees to 0.99% from October, but the reduction does not appear to pass on all ...
The Interchange Bench

The Interchange Bench

On The Interchange Bench this week, Stripe walks away from $53bn PayPal takeover, the ACCC advises on October 1 price displays, NSW ...
Hello Clever partners with Banking Circle to power global payments for merchants

Hello Clever partners with Banking Circle to power global payments for merchants

Aussie fintech Hello Clever has partnered with Banking Circle to expand the payment, settlement and treasury services it delivers to merchants both ...
Macquarie backs industry-wide A2A push as RBA priority

Macquarie backs industry-wide A2A push as RBA priority

Macquarie wants AP+ running BECS and the NPP, while fintechs have attacked the NPP access costs. ...
Qantas, Virgin renegotiate with banks, loyalty profits to slow

Qantas, Virgin renegotiate with banks, loyalty profits to slow

Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, ...
CBA secures exclusive deal to issue Discover charge cards, with more likely to come

CBA secures exclusive deal to issue Discover charge cards, with more likely to come

Move over American Express, Commonwealth Bank (CBA) just secured the exclusive rights to be Discover's issuer in Australia, with plenty of perks ...
Investors sceptical as Tyro profit jumps and Lee resets business for FY27

Investors sceptical as Tyro profit jumps and Lee resets business for FY27

Tyro's share price took another hit yesterday as the company delivered its FY26 guidance with profit before tax jumping 40 per cent ...
Stripe Treasury launches in Australia, unifying payments and global money management

Stripe Treasury launches in Australia, unifying payments and global money management

Stripe Treasury gives Australian customers a unified financial platform to manage incoming and outgoing flows across currencies from a single account, bypassing ...
CBA launches PaidIt as cheque exit forces payout rethink

CBA launches PaidIt as cheque exit forces payout rethink

Commonwealth Bank has launched PaidIt, combining identity verification and real-time payments to help organisations find recipients and deliver settlements, remediation payments and ...
Cuscal’s 49% profit jump boosted by Indue, Paymark acquisitions

Cuscal’s 49% profit jump boosted by Indue, Paymark acquisitions

With organic growth at 6%, the company concedes an already flat acquiring line will be its challenged business in FY27 but claims ...
Westpac NZ adds personalised cashback to hotpoints cards

Westpac NZ adds personalised cashback to hotpoints cards

Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted merchant rewards ...
Luxury Escapes may cut loyalty points as savings fail to emerge

Luxury Escapes may cut loyalty points as savings fail to emerge

Luxury Escapes is considering varying its own rewards points by payment method, and its CEO Adam Schwab says the merchant fee savings ...
AUSTRAC: payment platforms need better fraud checks

AUSTRAC: payment platforms need better fraud checks

AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification as the ...
CBA Discover deal to shake up local card market

CBA Discover deal to shake up local card market

Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card ...
Visa, Mastercard back bill platforms as surcharge workarounds

Visa, Mastercard back bill platforms as surcharge workarounds

Bill platforms including Sniip, pay.com.au and B2Bpay will still charge card payers fees after October 1, on volume the Reserve Bank's ban ...
No deposits, as ACCC puts banks on a short leash for ATM trial

No deposits, as ACCC puts banks on a short leash for ATM trial

The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, but has ...

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