Adyen halves merchant costs with AI-enabled dynamic routing

By George Lekakis, Senior Banking and Financial Services Correspondent

Adyen has achieved a breakthrough in lowering the payments costs borne by merchants in Australia and the US, using an AI-driven dynamic routing platform. The service has delivered cost savings running into the millions for big online merchants such as Adobe and Microsoft.

Mastercard Click to Pay: security push, or LCR firewall?

By Michael Sainsbury, Senior Business Correspondent

Australia’s two biggest issuers are bulk‐enrolling millions of Mastercard customers into tokenised, one‐click online checkout. Banks say it’s about fraud; critics say it sidelines eftpos and Least‐cost routing.

Tyro transaction value flat, as buyers remain elusive

By Warwick Ponder, Editor

Tyro’s full year result shows that one of the Sydney acquirer’s key business transaction metrics has flatlined in the 12 months to June, while it searches for new business in verticals including pet health, automotive and aged care.

Card fees push offshore fraud costs onto Australians

By Michael Sainsbury, Senior Business Correspondent

AusPayNet has promised to escalate soaring card not present fraud offshore to its peak body card forum to discuss a possible fix. In meantime, local businesses and their customers are paying the price.

Cuscal swoops on Indue ahead of ASL marketing push

By George Lekakis, Senior Banking and Financial Services Correspondent

Cuscal boss Craig Kennedy says he has received positive feedback from Indue customers about his company’s proposed $75 million buyout of its Brisbane-based rival.

ATO clears way for real-time super payments

By Warwick Ponder, Editor

The Australian Taxation Office (ATO) will require super funds must be able to receive NPP payments from 1 July 2026, ahead of next year’s proposed payday super reforms.

NPP outages up, with ME recording 20 hours out

By Peter Drennan, Senior Business Analyst

More than half of NPP banks had outages in the June quarter, including three of the Big Four banks.

Paul Monnington takes the reigns at Mastercard in 2026

By Staff Reporter

WPay boss Paul Monnington will take the reigns at Mastercard in Australia and New Zealand in January 2026, after Richard Wormald accepted a promotion to head up the company’s Asia Pacific region in Singapore.

Zip eyes Nasdaq listing as Aussie business softens

By Staff Reporter

Sydney payments outfit Zip has announced plans to list on Nasdaq, after seeing significant growth in its US operations and a softening market at home.

Matt Barr to head Send after $5m raise

By Staff Reporter

Sydney cross-border payments outfit Send Payments has appointment former Australian Payments Plus, eftpos and Mastercard executive Matt Barr as its new CEO, just after successfully raising $5 million.

Scams Awareness Week: Stop. Check. Protect

By Rachel St Clair

Scams Awareness Week’s 2025 theme focuses on urging consumers to Stop. Check. Protect. when keeping yourself safe from scams.

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