PayDay News July 30

Will Beem re-emerge as regulators eye iPhone NFC?

By Michael Sainsbury, Senior Business Correspondent

Can Beem finally win against Apple, or has the horse bolted?

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Days of Apple Pay dominance numbered as government prepares to strike

By Warwick Ponder, Editor

The ACCC has sent a strong signal that the government is preparing a strike to open payments competition on Apple iPhones, currently dominated by Apple Pay which has a stranglehold on the iPhone's NFC chip.

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RBA reforms stoke fee and bargaining distortions in the payments sector

By George Lekakis, Senior Banking and Financial Services Correspondent

The Reserve Bank’s inaction on blended rate plans and its unwillingness to strengthen collective bargaining with banks have narrowed strategic options for small businesses.

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RBA’s hands off scheme fees strategy leaves ball in Chalmer’s court

By Michael Sainsbury, Senior Business Correspondent

Facing hugely profitable and highly litigious Visa and Mastercard regulator chose to pull its punches.

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Laxale and Husic to liven up new-look economics committee

By Staff Reporter

Free digital payments campaigner Jerome Laxale MP is returning to the Standing Committee on Economics, along with former Industry and Science Minister, Ed Husic, and other Labor MPs Sally Sitou and Matt Greg.

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Will NZ retailers get their “no tap” signs out after proposed POS surcharge ban?

By Staff Reporter

New Zealand retailers may be reaching for their “no tap” terminal signs again, after their government proposed a ban on surcharges for most Visa and Mastercard POS payments this week.

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Cash essential says ACCC while banks spruik digital

By Staff Reporter

The ACCC reiterated the vital role that cash plays in the Australian economy at a banking conference in Sydney last week, while the big banks celebrated the rise of digital payments.

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Specialty is key in new era of Aussie payments consulting

By Warwick Ponder, Editor

With increasing complexity around digital payments, a new breed of payments consultant is emerging in Australia focusing on niche specialisations to help businesses meet new challenges.

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FICO: Scams, mule accounts and social media

By Rachel St Clair, Reporter

A FICO survey of bank risk executives has found that scams and mule accounts are the leading cybercrime threats banks face across the Asia Pacific region, while social media was identified as a key scam channel.

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ASL finally live with PayTo following Luxembourg buyout agreement

By Staff Reporter

Freshly acquired ASL is marching ahead with its product offerings, finally launching PayTo this week enabling its customers access to “a fast, secure and efficient payment solution”.

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PayPal BNPL comes to Gumtree Pay

By Staff Reporter

Gumtree Australia has partnered with PayPal to offer PayPal Pay in 4 to its customers through their new payment platform called Gumtree Pay.

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Beware Tues arvo - Westpac scam warning

By Rachel St Clair, Reporter

A Westpac survey has revealed new data showing 4pm on Tuesday afternoons is when customers are most likely to fall prey to scammers.

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Tyro partners with Odoo

By Rachel St Clair, Reporter

Australian payments provider Tyro is partnering with Belgian business management software Odoo to provide an all-in-one payment experience for small businesses and their customers in Australia.

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