RBA quietly launches major rebuild of its A2A payments infrastructure

By Michael Sainsbury, Senior Business Correspondent

It’s clear the RBA knows exactly what it wants in a new A2A Payments Hub build. It has ruled out consortia or any alternative network designs, possibly leaving only a few players who can fit the bill.

NAB completes Citibank migration, becomes nation’s super Issuer

By Warwick Ponder, Editor

NAB just became Australia’s biggest card issuer with the completion of the Citibank migration, and now it wants relief on the Reserve Bank’s proposed interchange cuts.

Cohen bulks up PEXA team ahead of possible ACCC probe

By Michael Sainsbury, Senior Business Correspondent

New PEXA CEO Russell Cohen has bulked up his executive team and cleaned house as he prepares for more government and regulatory scrutiny.

Emma Burke to steer Tyro through critical Christmas peak

By Warwick Ponder, Editor

When Jon Davey leaves Tyro’s head office for the last time on Friday, the company’s CFO Emma Burke will temporarily take charge of one of the nation’s biggest acquirers for a critical five-week period – the annual peak payments period over Christmas and the Boxing Day sales.

Banks fail to delay card review but could win on interchange

By Warwick Ponder, Editor

The Reserve Bank of Australia will not bow to pressure to delay its inquiry into surcharge and card fees, but instead appears to be preparing to deliver the banks a win on interchange.

Staff get 12 month reprieve as Cuscal completes Indue deal

By Warwick Ponder, Editor

Cuscal has completed its acquisition of Indue on schedule, and while staff get a 12 month reprieve on job cuts as we head into the holidays, Indue executives might not be so lucky.

Westpac launches universal feature to cancel subscription payments

By Rachel St Clair, Reporter

Westpac and Mastercard have collaborated to develop a new “first of its kind in Australian banking” feature, enabling Westpac customers to be able to view and cancel subscription payments directly through the Westpac app.

Retailers call on banks to act on Illicit tobacco as revenues take a hit

By Staff Reporter

Retailers have called on the payments industry to speed up disconnections of illegal tobacco stores, as their revenues take a significant hit.

Yak in the sights, Revolut chases credit and Cuscal banks on acquiring

On the Interchange Bench this week, Cuscal banks on acquiring, Revolut plans Australian credit rollout and the Yak Pay brand fades for a friend.

Coinbase Australia picks new ex-CommSec exec as COO

By Rachel St Clair, Reporter

Cryptocurrency exchange company, Coinbase Australia, has appointed former CommSec Executive Manager Adam Judd as Chief Operating Officer ahead of big changes to the regulatory landscape.

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