Buyout target Smartpay exposed to fallout from RBA reforms | ||
By George Lekakis, Senior Banking and Financial Services Correspondent | ||
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Publication of the RBA’s payments roadmap put Tyro’s share price under pressure on Tuesday, but the business fallout will be more widely distributed in the payments sector. | ||
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Retailers accuse RBA of “political fix” on card fees | ||
By George Lekakis, Senior Banking and Financial Services Correspondent | ||
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Small business groups say the RBA’s proposed reforms won’t bring down card fees anywhere near as much as anticipated, and consumers will end up paying higher prices. | ||
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Authentic Security gets ACCO status, whilst Armaguard gets another lifeline | ||
By Gabby Taylor | ||
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Authentic Security has confirmed its status as an Approved Cash Centre Operator (ACCO) after it was given the green light by the Reserve Bank on July 1st. The announcement coincides with Armaguard being awarded another $25 million lifeline. | ||
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The thorny acronyms of criminals and payments: ATMs, POS and KYC | ||
By Michael Sainsbury, Senior Business Correspondent | ||
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The Australian payments system is wrestling with a multi-pronged crime problem: trying to clean up old-fashioned ATMs and point of sale (POS) terminals in illegal tobacco and vape stores, while struggling to corral a new breed of crypto ATMs that are quietly multiplying and also attracting criminals. | ||
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Indue on the block as payments sector realignment continues apace | ||
By Michael Sainsbury, Senior Business Correspondent | ||
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Indue’s cooperative ownership—15 credit unions and mutuals— is considering its future in an industry under mounting regulatory, commercial, and technological pressures. | ||
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Industry clambers aboard the digital dollar trial with Aussie regulators | ||
By Warwick Ponder, Editor | ||
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Australia is moving closer to a new central bank digital Australian dollar, with the support of big banks, J.P. Morgan, three regulators, Australia’s domestic payments scheme and fintechs. | ||
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