Merchant fees skyrocket to record highs with RBA data refresh

By Peter Drennan, Senior Business Analyst

Official data on the average cost of merchant fees just went through the roof, directly contradicting recent industry claims that card fees are getting cheaper.

In fact, the new Reserve Bank of Australia data for debit card fees shows eftpos fees jumped 33.3% on last quarter. Visa and Mastercard jumped too. Visa was up 6.1% and Mastercard was up 7.7%.

Are costly blended pricing plans really a payments “innovation”?

Opinion By Michael Sainsbury, Senior Business Correspondent

Payment service providers (PSPs) like Square, Stripe, Smartpay, Tyro and Zeller have positioned themselves as innovators in Australia's payments industry, but a closer examination of their business models may reveal a less flattering picture.

Monthly Payments Data Report

By Peter Drennan, Senior Business Analyst

The RBA released its Retail Payments data as at December 2024 on the 7th of February.

Security, capacity and competition feature in AP+ 2025 roadmap

By Staff Reporter

Australian Payments Plus (AP+) has published its updated 2025 roadmap, including initiatives to ensure it remains competitive in online card payments and boost capacity on the New Payments Platform (NPP).

In a statement, AP+ said one of the key updates is Click to Pay for eftpos​ online transactions, to match Vias and MasterCard and ensure that the domestic scheme remains competitive as it moves into e-commerce.

Overseas card use pushing bank fee revenue higher

By Peter Drennan, Senior Business Analyst

On the 30th of January the RBA released their latest bulletin on Bank Fees in Australia. Here’s the significant results from a Payments perspective.

Telstra checks customer identities over payment rails with ConnectID

By Staff Reporter

Australian Payments Plus (AP+) and Telstra have partnered to offer identity verification via ConnectID® to customers activating selected Telstra mobile services.

Look mum, no numbers

By Staff Reporter

AMP Bank is making a big play for small business – starting with a “numberless” debit card.

Big Four’s chief payments defender retires

By Staff Reporter

The Chief Executive of the Australian Banking Association (ABA), Anna Bligh, will retire in mid-2025 once a replacement is appointed.

Aussie Amazon shoppers can now choose PayTo

By Staff Reporter

Customers shopping on Amazon.com.au can now use ‘PayTo’ to make some purchases directly from their bank account via PayTo, removing the need to provide card details.

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