Rachel St Clair

Rachel joins the team new to the payments world and offers a fresh perspective on the industry. She graduated from university majoring in Journalism and Public Relations, before travelling the world as a business class cabin crew for a top international airline. Her professional journey has been shaped by diverse experiences—from hosting a lunchtime show on community radio to establishing a new business and developing its social media presence.

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban

New research from Money.com.au reveals that just one-third of Australians support the government's surcharge ban, with 87% expecting retailers to respond by raising prices, potentially triggering a fresh inflation spike at the worst possible time.

Merchant Service Fees

Coinbase asks Senate for more on debanking

As the government looks to introduce the Digital Assets Framework Bill to regulate crypto currencies in Australia, Coinbase remains concerned about the lack of a substantive solution when it comes to debanking.

Government

CHOICE: banks not doing their bit to stop financial elder abuse

A CHOICE report has found that most banks aren’t complying with their own industry code of practice to stop elder financial abuse - costing vulnerable people several billions of dollars a year.

Banks

Revolut introduces PayTo for Australian customers

Revolut says its has found a simpler solution for its customers paying pesky utility bills and online subscriptions. With PayTo, consumers can now view, pause or cancel recurring payment agreements within their app.

Fintech

CoP halts 450k risky transfers at one bank!

Thanks to the integration of Confirmation of Payee (CoP), banks have marked a major milestone in efforts to protect consumers and businesses from scams and misdirected payments.

Scams & Fraud

Macquarie wields PayID in catch up rental payments

By launching PayID on DEFT, Macquarie Bank is matching CBA and RentPay on real time payments – strengthening its ongoing campaign to dominate the $85bn-a-year rental payments market.

A2A

Lessn rewards growth with new investment round

Australian B2B payments platform Lessn has celebrated surpassing $100 million transacted on its platform within its first year of operations, as it enters a new investment round.

Fintech

ShopBack abandons instore QR payments experiment

Westpac-backed rewards and cashback platform, ShopBack has announced it is walking away from its instore QR payments product ShopBack Pay, only a year after announcing a partnership with Chemist Warehouse and Banked.

A2A

Troubled Airwallex announces partnership with Bombers

Airwallex continues its sporting campaign march, this time onto the oval with the Bombers, despite AUSTRAC woes.

Digital & Online

PayPal “sleepy shopping” data reveals cost of late-night spending

Australians are paying the price for late night shopping binges, according to PayPal.

Fintech

“Shout” fades as Aussies hit their spending limit

According to new data from Tyro, one in three Aussies are ditching “the shout” because they’re tightening their belts.

Fintech

CBA report: how it’s approaching AI

The Commonwealth Bank (CBA) has released a report outlining how it envisions, develops, deploys and manages Artificial Intelligence (AI) at an organisational level with a focus on responsible practices.

Banks

Corpay Cross-Border extends partnership with Rugby Australia

Corpay’s Cross-Border business is extending a collaboration with Rugby Australia as the foreign exchange (FX) payments partner.

Fintech