Australia Post has become the chief courier service for illicit tobacco, with payments provided by a raft of companies including PayPal, Visa, Mastercard, Klarna, Stripe, Link, and CBA and ANZ BSBs.

The Reserve Bank will intervene to achieve “public interest” outcomes on real time payments if the industry fails to find consensus on key issues like bulk processing and resilience.

Australia built a cashless economy on infrastructure that can't stay online. The Reserve Bank knows it. The telcos know it. And now, after its own system crashed because someone forgot to renew a certificate, the Reserve Bank of Australia (RBA) has missed its own deadline to explain what went wrong.

Well-versed in the art of acquiring, ANZ’s Nuno Matos now faces a payment headache – what to do with Suncorp’s 3,000 merchant customers, and his troublesome joint venture partner Worldline.

The decision has already been made but the Reserve Bank isn’t giving away any clues as it prepares for the official release of its final verdict on merchant fees and surcharging later this month.

Thanks to the integration of Confirmation of Payee (CoP), banks have marked a major milestone in efforts to protect consumers and businesses from scams and misdirected payments.

On The Interchange Bench this week, CBA gears up for bulk NPP payments with Maryanna Vasilareas appointment, schemes clamber to Melbourne for F1 antics despite the global fuel crisis, Fat Zebra’s Sebastien Joseph releases SecurePay update, CMSPI’s Robbie MacDiarmid dials in for RBA decision and Mollie buys GoCardless.

Despite the promise of special interest deals and approved closed-shop negotiations, Australia’s high drama cash distribution saga has dragged on for almost three years.

A new industry report promises a once-in-a-generation digital finance windfall. The maths, the infrastructure, and the Reserve Bank's own admissions tell a different story.

By launching PayID on DEFT, Macquarie Bank is matching CBA and RentPay on real time payments – strengthening its ongoing campaign to dominate the $85bn-a-year rental payments market.

This International Women’s Day we celebrated the innovation, contributions, and progress women have made to the payments industry in Australia.