Pays were late and property settlements delayed after a 7 hour Reserve Bank outage last week caused flow-on impacts across the industry for up to four days.

The US-based group is celebrating 10 years in the Australian market and says more regulation is needed on card schemes as it shifts gears to chase bigger merchants.

Australian Payments Plus (AP+) is bulking up its cyber security and fraud capabilities across its critical infrastructure, as Australia comes under increasing threat from bad actors.

Despite significant industry action to reduce card fraud, the endemic problem is still costing Australia more than $850 million a year – mainly due to criminal activity on overseas websites, according to the latest AusPayNet data.

The card schemes are racing to embed themselves in the surging AI shopping universe, with multiple players scrambling to reap fees and other benefits from a new payments ecosystem.

On The Interchange bench this week: Moxey blessed with growth at Tyro, Guidepoint looks for Airwallex answers, ShopBack considers ASX, cashless AML drama at The Australian Open, BeforePay disappoints the market and Bartholomew to front an all star cast at Beyond Tomorrow.

Just two weeks after embattled crypto exchange Binance re-launched direct dollar deposits and withdrawals via PayID and bank transfers in the Australian market, the service appears to have been switched off.

Loyalty programs at Woolworths and Coles could be subject to additional regulation, forcing the grocery giants to explain the monetary value of rewards points every six months.

Australian-based payments services provider EFTEX has announced Alan Townsend as their new Chief Executive Officer.

LemFi is launching remittance services to Australian residents – firmly targeting what it says is one of the world’s fastest-growing and most important outbound remittance markets, worth $56.6 billion.

The ATO has relaxed its compliance requirements for the introduction of payday super on 1 July, recognising the complexity of implementation for some employers.