Armaguard has confirmed the long-delayed Deloitte pricing model is close to final, but industry insiders warn it will feature a tiered model that gets more expensive the further you get from the capital city CBDs.

After revealing plans to finally put its under-utilised banking licence to work, Tyro, CEO, Nigel Lee, is now taking an axe to headcount, reprioritising resources and chasing bigger customers in an effort to bolster the company's lagging performance.

By imposing its “no surcharge" rule on Australia’s merchants, Amex has just opened the door for regulators to step in, and they might just drag the banks' interchange holiday on corporate cards along with them.

Switched off from the NPP PayTo service for now after a zombie fraud incident, the global fintech is also fighting to gain a licence in the US and has been blocked from onboarding new customers in the European Union, even as its customer numbers grow and its valuation has soared past US$100 billion.

Amex Australia is charging “service fees” for payments on its own platform in a model that could be adopted by other providers when its own “no surcharge” rules come into effect on 1 October.

With every major scheme now committed to no-surcharge rules from October 1, attention turns to the wording no one will publish, the policing no one will detail, and the new service fees merchants are already reaching for. The promised consumer savings may be the first thing to disappear.

For the first time, more than half of all contactless in-store debit card transaction value is being generated from tapping with a mobile device.

Banking Circle is expanding its Australian stablecoin push, introducing a pipeline of international digital asset firms to local payment rails while remaining silent on recent PayTo disruptions involving two customers.

On The Interchange Bench this week, Paymark loses Maxine Elliott after Cuscal buyout, Jose Barroso leaves Zai, payments glitz infiltrates the World Cup, ANZ hires new NZ CEO Ben Kelleher, Brad Pragnell re-starts private consulting after COBA gig, Paul Griffin exits Littlepay and Robert Denina moves from PAX to Cuscal.

The new Horizon 2 plan leans on the companies sitting above your screen, the telcos and cloud operators, to kill attacks at scale and speed before they result in system attacks, data breaches, fraud and scams in Australia.

With the fight against scams and fraud firmly on the political agenda, Telstra just made it simpler to verify your identity using the payments rails, allowing you to check in with an organisation that already knows who you are – without sharing sensitive documents.

The Australian Privacy Commissioner has ordered American Express Australia to compensate a customer, apologise and strengthen internal controls after finding the card issuer failed to adequately protect personal information from unauthorised employee access.

The Australian Securities and Investments Commission (ASIC) has struck a proposed settlement with ASX Limited after the market operator admitted it misled investors about the progress of its troubled CHESS replacement project.

Agent scoring, agentic registry and large transaction model capabilities, stablecoin settlement and token enhancements support the next generation of digital commerce says Visa.

Global cryptocurrency exchange launches new everyday spending instrument for Australian customers, offering up rewards in global dollar stablecoin, USDG.