Illegal tobacco and payments - what are your legal obligations?

A PayDay News special investigation 

An investigation by Payday News last week revealed that a large number of illegal tobacco outlets are using card payments terminals provided by banks and fintechs to sell their illegal products which, according to experts, could have serious legal implications.

Rivals concerned as PEXA builds $1 billion property data business

By Michael Sainsbury, Senior Business Correspondent 

Electronic conveyancing monopoly PEXA (Property Services Australia Pty Ltd) is using the 54% margins on its platform revenue to buy up stakes in at least seven companies to build a property sector data and valuations business, known as Digital Solutions, that it aims to be worth more than $1 billion by 2027.

RBA to intervene after ASX CHESS batch outage

By Staff Reporter

At a meeting of the RBA’s Payments System Board (PSB) last week, it resolved to take regulatory action in response to a CHESS batch failure which it described as “deeply disappointing” and a major operational incident.

Monthly Payments Data Report

By Peter Drennan, Senior Business Analyst

The RBA released its Retail Payments data as at January 2025 on the 7th of March. 

Impact of Mastercard global outage lessened by LCR at Aussie merchants

By Staff Reporter 

Least Cost Routing (LCR) came to the rescue on Sunday, as Mastercard users were unable to make online, in-person or ATM transactions on the US network.

SmartPay pilots in New Zealand amid rumours of a sale

By Staff Reporter 

Smartpay has successfully implemented an initial customer pilot of its New Zealand, amid stories that the company may be up for sale.

NPP data is back, led by PayID growth

By Peter Drennan, Senior Business Analyst 

NPP is back!

The RBA had a data quality issue with NPP for three months, but the data is now back up and running. 

Least cost routing finally enabled for some Google Wallet transactions

By Warwick Ponder, Associate Editor

After more than five years of lobbying from Australian small business to reduce the cost of mobile transactions, eftpos functionality and least cost routing (LCR) is finally available for some Google Wallet mobile debit transactions in Australia.

RBA not happy with BECS migration - wants better data on risks and end user costs

By Staff Reporter 

The Reserve Bank of Australia (RBA) has reiterated its concern about industry progress on decommissioning a platform that currently manages a range of Australia’s critical payments including social security, motor cars, salaries, pensions and bills.

China’s Huifu Payment launches HuePay in Australia

By Staff Reporter 

Chinese fintech Huifu Payment has launched its Australian subsidiary HuePay in Melbourne to offer digital payment solutions to the Australian and New Zealand markets.

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