Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just partnered with Discover.
Image generated by AI.
Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just partnered with Discover.
Subscriber article
This article is available to PayDay News subscribers.
Tyro's share price took another hit yesterday as the company delivered its FY26 guidance with profit before tax jumping 40 per cent and elevated Nigel Lee from CEO
Stripe Treasury gives Australian customers a unified financial platform to manage incoming and outgoing flows across currencies from a single account, bypassing multi-day settlements from traditional institutions.
Commonwealth Bank has launched PaidIt, combining identity verification and real-time payments to help organisations find recipients and deliver settlements, remediation payments and refunds as cheques disappear.
With organic growth at 6%, the company concedes an already flat acquiring line will be its challenged business in FY27 but claims interchange cuts won’t hit issuing revenue.
Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted merchant rewards directly through its Westpac One digital
Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted ...
Ubiquitous, domestically-owned, cheaper and faster, account-to-account (A2A) retail payments are booming in Malaysia, so why isn’t it taking off in ...
Three reforms are converging to strengthen PayTo, delivering stronger consumer protections, clearer fraud liability and greater confidence in account-to-account payments ...
CBA Discover deal to shake up local card market
26 Aug, 2026
Payments Expert
26 Aug, 2026
Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just partnered with Discover.
Subscriber article
trending
RELATED STORIES ▸
Westpac NZ adds personalised cashback to hotpoints cards
CBA takes rewards beyond cards and partners with Discover ahead of interchange cut
AI commerce won’t change payments much
Visa credit hits 1%, the largest annual fee rise of any scheme
What can we learn from Malaysia on A2A retail?
Reforms converge to reshape PayTo protections as demand for card alternative grows
Got a story to share?