PayDay News Anniversary of the first electronic payment

The Woolies transaction that sparked a $1 trillion revolution in Aussie card payments

By Warwick Ponder, Editor

After processing the first EFTPOS transaction back in 1984, Woolworths sparked an electronics payments revolution that now sees Australians make more than $1 trillion in card payments a year. Forty two years on and WPay Managing Director Chris Mills said Woolworths’ payments ethos remains the same – giving customers choice and convenience.

Read more
 
 

From click-clack to tap-and-go

By Simon Greig, Payments Expert

Forty-two years ago, the first electronic ‘eftpos’ transaction occurred on a Westpac Handicard at a Woolworths Supermarket. Payments expert, engineer and industry veteran Simon Greig explains exactly what that involved and why it matters.

Read more
 

How eftpos changed the way Australians pay  

Australian Payments Plus (AP+) General Manager Retail Payments, Colin Sultana explains that the first eftpos transaction marked the beginning of electronic payments in Australia – demonstrating, for the first time, how funds could move digitally between a card-issuing bank and a merchant.

Read more
 
 

CBA and the evolution of Aussie payments

As the biggest player in the market, the Commonwealth Bank has been at the forefront of electronic payment milestones for the past 40 years, supporting Australians to adapt to the ever-changing payments landscape. The bank's payments leaders, Albert Naffah and Alison Chang, take a close look at the payments evolution.

Read more
 

From cheque books to agentic AI: Global Payments looks at how Australia's payments system grew up

By Alex Zaharov-Reutt, Technology Reporter

Forty-two years after Australia's first eftpos payments was made in a Sydney supermarket, Global Payments, Head of Integrated and Platforms for APAC, Masseh Haidary, looks at how the payments world has changed - Australians now tap watches, scan QR codes, ride the NPP and argue about surcharges. The infrastructure underneath all of that? Still evolving, still contested, still fascinating.

Read more
 

New eftpos brand campaign

By Rachel St Clair, Reporter

Australian Payments Plus (AP+) has launched a new eftpos merchant brand campaign, coinciding with the 42nd anniversary of the first electronic card payment.

Read more
 

First with Apple Pay and an early investor in NPP, ANZ strives for innovation

ANZ’s Managing Director Transaction Banking, Lisa Vasic, explains that as the first bank to introduce Apple Pay to the local market, ANZ continues to drive innovation in the payments ecosystem.

Read more
 

Have a news story to share?

Send it through to gabby@paydaynews.com.au for consideration.

 

Upgrade to a premium subscription now:

Click here to upgrade

you can pay annually or monthly

For any enquiries regarding PayDay News, please contact gabby@paydaynews.com.au

 

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information