ANZ has completed its acquisition of Worldline's majority stake in ANZ Worldline, installing payments executive Karen Last to lead merchant acquiring as the bank accelerates its ambitious 2030 transaction banking strategy.

If payments behemoth Stripe’s tiny 0.05% fee cuts are anything to go by, the RBA has no chance of achieving its promised nearly $1 billion cut in merchant service fees come 1 October. The US payments giant has also offset any potential savings with a brand new 8c sting for fraud reduction.

The ACCC has granted ANZ, CBA, NAB and Westpac a second interim authorisation to start building their joint cash company, JVCo, subject to tough new pricing and transparency conditions.

pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send their emails was compromised in late July.

Just weeks after being slapped with a $35 million fine for failing to protect scam victims, HSBC's decision to exit Australian retail banking leaves thousands of credit card customers and staff awaiting answers.

About 40 roles are going at Beem, Nuvei has thinned its Australian team, and HSBC's retail exit puts 2,000 jobs at risk next year, all inside a fortnight.

Submissions to the Reserve Bank's payments review close Friday, with a warning of lopsided debate pushing wallets and Amex ahead of cards, cash and A2A.

CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as NAB, ANZ and Westpac cut rewards.

Australian Payments Plus has removed the target date for its planned New Payments Platform cloud migration after delivery partner concerns over technical dependencies, while confirming progress across Confirmation of Payee, eftpos and fraud initiatives.

On The Interchange Bench this week, Bolt returns to the spotlight with Visa and Intersekt despite Federal Court setback, Bo completes Mastercard Asia Pacific reshuffle, Lam doubles down on AP+ security, Lau joins Zepto enterprise sale, Sniip rebrands and Taylor departs the ABA for One Nation.

Vibhu Arya, the former Country Leader for Payments & Financial Services at IKEA Australia New Zealand, writes that when surcharging disappears on October 1, the question that matters is which businesses will still be able to recover them?

Harvey Norman and Latitude have been hit with $55 million in Federal Court penalties after misleading millions of Australians about the true costs of a widely promoted interest-free finance offer.

Ahead of the Reserve Bank's surcharge ban hit on Aussie businesses, RewardPay is expanding its rewards platform, encouraging small businesses to earn loyalty points on supplier, utility, rent and ATO payments.