RBA reforms may force Macquarie to rework its banking model

By George Lekakis, Senior Banking and Financial Services Correspondent

Australia’s fastest-growing debit card issuer – Macquarie Bank – may have to overhaul parts of its business if the Reserve Bank tightens debit card regulation later this year.

ANZ appoints tech executive to Worldline Australia Board

By George Lekakis, Senior Banking and Financial Services Correspondent

Peter Barrass is one of ANZ’s most successful technology executives after he engineered an overhaul of the group’s institutional payments arm. The bank has now tapped him to join the board of its ailing merchant payments joint venture with Worldline.

$100 million invested in “Confirmation of Payee” to fight scammers

By Staff Reporter

A new name-matching service designed to help protect customers from being tricked into sending money to criminals was launched today.

Coles Pay wallet locks in customers, and gathers more data

By Michael Sainsbury, Senior Business Correspondent

Supermarket giant Coles is preparing to ramp-up promotion of Coles Pay as its new digital wallet, marking a strategic shift in its digital payment offerings.

Two consultations launched on A2A, including focus on bulk payments

By Warwick Ponder, Editor

AusPayNet and AP+ have today launched two consultations on A2A payments, following risks highlighted by the Reserve Bank of Australia.

AI hire and investment war escalates, as NAB pre-announces digital executive

By Staff Reporter

In the race for digital-savvy bank executives and AI investment, NAB has pre-announced the appointment of Lloyds Banking Group and former CBA executive Pete Steel to focus on its digital and AI operations, including the “design and customer onboarding” of its digital bank, ubank.

NSW probes e-conveyancing

By Staff Reporter

NSW Parliament is forming a Select Committee on competition reforms in electronic conveyancing.

CBA joins AI-powered scam fight

By Staff Reporter

CBA is the latest bank to announce AI remedies to scams, this time using a fleet of thousands of fake Aussie consumers to keep scammers busy and disrupt their operations.

RBA consults on new powers to respond to threats on CS facilities

By Staff Reporter

The Reserve Bank of Australia (RBA) has released a consultation paper on how it intends to implement its new powers to respond to threats posed to the financial system by Clearing and Settlement (CS) facilities like those managed by ASX.

Humm drops BNPL and announces takeover bid

By Staff Reporter

Sydney based ASX-listed Humm Group limited has announces $286 million takeover offer from The Abercrombie Group Pty Ltd (TAG).

EML settles class action for $37.4 million

By Staff Reporter

Brisbane based payments outfit EML Payments Limited has signed an in-principleagreement to settle its shareholder class action proceeding for $37.4 million.

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