Next Payments pulls ATMs from illegal tobacco stores but bank POS terminals remain

By Michael Sainsbury, Senior Business Correspondent

Despite not being subject to AUSTRAC rules Next Payments has taken its own initiative on illegal tobacco, shaming banks and others that continue to provide terminals. CEO Tim Wildash simply says, "no (tobacco) licence, no ATM".

PayPal Australia appoints former ANZ executive to its board

By George Lekakis, Senior Banking and Financial Services Correspondent

Jenny Fagg, the banker who built the business case for the New Payments Platform, joins PayPal Australia as an independent director.

Is now the time for merchants and Government to actively back alternative payments?

By Warwick Ponder, Editor

With the cost of card payments firmly in the spotlight, it seems a good time to ask - why aren't Australian merchants and regulators doing more to support and promote cheaper, alternative rails like account-to-account (A2A) payments?

Rewards cards in the firing line. But is it all doom and gloom?

Comment by Brad Kelly, Payments Expert

The Reserve Bank of Australia has announced an intention to reduce credit interchange from a cap of 0.80% to 0.30%. The move has been welcomed by merchants across the nation who have for decades unwittingly subsidised rewards programs for the banks.

Taiwan bank eyes push into Australia

By George Lekakis, Senior Banking and Financial Services Correspondent

Taiwanese financial services giant Fubon Financial has applied for an Australian banking licence.

NZ continues surcharging and preserves zero debit interchange option

By Staff Reporter

New Zealand's Commerce Commission has retained a zero debit interchange option for merchants, continued card surcharging and reduced other interchange fees for businesses accepting Visa and Mastercard payments.

AP+ Beem app integrates Cashrewards

By Rachel St Clair, Reporter

Australian Payments Plus’ digital wallet Beem has integrated Cashrewards into its app, giving customers an alternative way to earn cashback on their purchases.

Airwallex partners with Arsenal

By Rachel St Clair, Reporter

Aussie payments outfit Airwallex has announced a multi-year partnership with football legends Arsenal Football Club, that will see the platform become the club’s Official Finance Software partner.

Ticketek adds PayPal for concert fans

By Staff Reporter

US payments giant PayPal is entering the Australian entertainment business, partnering with Ticketek to offer payments and buy now, pay later (BNPL) options to buy tickets for live concerts.

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