Cuscal is buying New Zealand’s answer to eftpos - Paymark – in a deal that may secure a brighter future for one of its biggest customers, Shift4, in the land of the long white cloud.

As it looks to recover from an embarrassing short-lived relationship with controversial crypto wallet Binance, Bolt Group's latest move is to give Beem a facelift and turn it into a “true everyday money app”.

The RBA's commercial card carve-out has handed banks, schemes and loyalty programs a licence to hunt 4m ABN holders in Australia to fill $910m revenue hole.

The ACCC's landmark competition case against Mastercard opened in the Federal Court on Monday, with senior counsel for the regulator, John Sheahan, walking Justice Wigney through the evidence.

The Reserve Bank, the same regulator that banned surcharging, has also killed the idea of a payments comparison website, the one tool that would have let small businesses actually shop around for a better deal on card acceptance fees. And it did so despite Australia's biggest bank offering to pay for it.

On The Interchange Bench this week DataMesh looks for a new CEO as Nagy moves on, Noor farewells Cuscal acquiring, Lacey becomes AFCA’s first Chief Scams Officer, Poblocki bounds from Binance to Finmo, Wormald peddles Click To Pay as fraud fix, Westpac continues to woo surcharge ban victims, AP+ runs A2A session for PSPs, and Awad moves on from Tyro marketing.

ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.

In a cruel irony for Australian small businesses, Mastercard and Visa have changed the rule book in the US to allow surcharging on credit cards, just as the Reserve Bank of Australia bans the practice in Australia.

In an Aussie first, Coinbase will bring perpetuals, futures, options, and a full suite of financial products to one of the world's most engaged crypto markets thanks to a retail derivatives authorisation.

Desperate motorists have resorted to stealing fuel cards from rental cars or simply speeding off without paying for petrol.

Small businesses and cardholders might soon be paying higher card fees to help the big banks’ build the New Payments Platform (NPP) and defend their profits from multinationals, according to bank lobbyists.

ASX listed EML’s new CEO Adam Olding faces a serious challenge after the company’s revised outlook saw shares take a big dive on Monday.

With Australia's planned ban on card surcharges set to take effect on 1 October, GoCardless said accommodation providers are seeking lower-cost payment alternatives to protect margins.