After months of engagement, Australian Payments Plus (AP+) is going live next month with an uplifted PayTo liability framework designed to better deal with fresh challenges created by scammers and AI.

Ahead of the interchange crunch on October 1, Commonwealth Bank (CBA) is extending rewards across everyday banking, allowing nine million customers to earn points on mortgages, savings, insurance and a new Discover premium card.

Mastercard suffered another Australia-wide payments outage on Saturday, rendering cards held by millions of Commonwealth Bank, Westpac, Macquarie, Revolut, Bendigo and Bankwest customers useless, as card transactions declined across banks, merchants and mobile wallets.

Just days after posting a record profit, Commonwealth Bank has suffered a card processing error which saw some of its World Debit and Premium Mastercard debit card customers being charged multiple times for purchases they never made.

The Reserve Bank’s plans for October 1 might have been touted as a win for consumers, but small businesses may suffer dire consequences due to bundled services and failures in education about how the payments system works.

A limited number of Macquarie's DEFT clients will keep accepting card payments until the end of January under transition deals conducted on its own rails.

NAB and Apex Group’s Iress have deployed PayTo to cut superannuation payment processing from four days to one, as employers adjust to the demands of Payday Super.

On The Interchange Bench this week, changes at Apple Pay in US and Australia, AUSTRAC shuts down Cryptolink ATMs, Faster taps Monoova for speed, Hello Clever names people chief, Craig shifts to beef up Tyro’s selling power, Cilento joins RBA board, and HeroClear clears $1bn.

Europe's long-running push to reduce dependence on Visa and Mastercard is accelerating, with its A2A payments play Wero now boasting 50 million users, banks backing new infrastructure, a Digital Euro and France emerging as a critical battleground.

Contributor Vibhu Arya explores the impact of AI and how much of a role it will play in the payments industry.

Still in dispute resolution with other banks, Revolut hasn't answered PayDay News questions about its $3 million PayTo zombie fraud review, with inbound PayTo still switched off three months on.

Straight out of a Ridley Scott sci-fi thriller, Aussies could soon pay with face and palm verification technology as Verifone brings biometric technology to the shops.