Corporate card statements have never been the easy answers to GST compliance but Visa and Peppol have cracked solutions that could save businesses thousands of wasted hours in administration and mountains of paperwork – not to mention lucrative new revenue streams for the winners.

Over the past five weeks, Mastercard have squared off with the ACCC in what is proving to be an epic competition law trial in the Federal Court in Sydney, reports Ian Rogers from inside the court.

A plan to automatically reimburse scam victims with verified losses below $3,000 could backfire, according to Australian Telecommunications Alliance boss Luke Coleman.

While the Reserve Bank of Australia (RBA) and ACCC have only talked about surcharge restrictions for Visa, Mastercard and eftpos, US payments giant Fiserv’s Australian operation is going the whole hog - banning its unwitting merchant customers from surcharging everything from Amex, China Union Pay and Discover.

Continuing investment and marketing spend on QR, Crypto and PayTo payments have failed to convince consumers to walk away from the convenience and speed of traditional cards, according to the Reserve Bank of Australia’s latest Consumer Payment Behaviour Survey. But PayID is bucking the trend and starting to take off.

The Reserve Bank has released the results of the 2025 Consumer Payments survey, showing that cards remain king, account-to-account adoption remains slow, and cash might be making a resurgence.

If warnings from Australian Banking Association (ABA) CEO Simon Birmingham are anything to go by, Australia’s growing bank fee bill is about to get even bigger.

So far most Australian institutions have been reluctant to identify AI replacing jobs but the evidence from offshore on fraud, AML, compliance and back office staff is clear. The nation’s biggest payments player - Commonwealth Bank - is leading the AI charge locally, in the footsteps of global counterparts like HSBC, Citi, JP Morgan, Visa, Mastercard, PayPal and Block.

Worldline has finalised the divestment of New Zealand’s iconic EFTPOS player, Paymark, to Cuscal for $27.5 million ... but the troubled European payments services business will continue to provide tech and software to Cuscal during a transition phase.

Tyro has held a full banking licence since 2015, the first Australian tech company to get one. For most of the years since, it's barely used it. A new job ad, posted by a new CEO with a battered share price, is the clearest signal yet that the quietest asset on Tyro's balance sheet is about to be asked to earn its keep.

Beating a raft of Aussie banks including Westpac and ANZ, Kiwibank has become the first bank in New Zealand to roll out open banking through all its digital channels for both individual and business customers, six months ahead of its regulatory deadline.

Respected solutions architect Dave Pike has walked away from ANZ to set up a fintech that aims to take on fraud in the US$100 billion SNAP food stamp payments market in the US.

On The Interchange Bench this week, Pexa hikes prices as Simpli farewells Joyce, Wei takes the wheel at Binance, zero comment on Xero platform outage, KPMG scandal may spark a payments advice rethink, Chris and Trev’s excellent Zepto AI adventure to the US, TikTok readies for payments app play and Nuno celebrates a year at ANZ.

Westpac customers alone are paying $5.6 million a month on AI tools, according the bank’s new payments data.

With less than 4 weeks until Payday Super becomes mandatory for Australian businesses, the ATO is urging employers to act now.

Boasting nearly $700 a year savings, the switch to electric vehicles has never looked so good for Aussies amid the Middle East conflict-induced petrol price hikes.