While the BECS transition has hit some hurdles, the New Payments Platform (NPP) is getting ready for its next growth phase, with a capacity uplift and message updates designed to steer more traffic to the platform.

The combination of the RBA review into card fees and the House inquiry into credit cards and digital payments have increased calls to beef up the regulation of American Express in Australia.

New-look Banking Circle Australia is bolstering its fintech play to compete directly with Cuscal - firmly backing in its commitment to the New Payments Platform (NPP), including cross-border payments.

The planned float of Australian fintech Airwallex has been thrown into doubt after AUSTRAC ordered an independent audit over concerns its payments systems may be failing to detect serious financial crime, including child sexual exploitation — sharpening investor focus on governance and bank relationships.

On The Interchange Bench this week John Edger moves to Stripe, AP+’s annual powwow begins to take shape, Banking Circle Australia takes on a new CFO, and Scott Wilson heads back to Visa.

After three long years, delays, overruns and a $1.7 billion spend, Victorians are finally a step closer to “testing” their credit and debit cards on public transport – but it’s going to a be a slow rollout.

Criminals are using social media to impersonate well-known Australians - including nabtrade market analyst Tom Piotrowski - to lure people into investment scams and rip them off, according to NAB.

Global Payments is the new payments behemoth – emerging from its integration with Woldpay processing a combined 94 billion transactions a year.