PayDay News May 15

AP+ moves to connect 13 million accounts to NPP

By Staff Reporter

New Payments Platform (NPP) participants plan to enable another 13 million bank accounts over the next 2-3 years, according to Australian Payments Plus (AP+).

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Prospects for competition in e-conveyancing fading fast

By Michael Sainsbury, Senior Business Correspondent

Prospects for real competition in the electronic conveyancing sector now rest on a Senate inquiry in Canberra, after one of two prospective competitor to monopoly player PEXA walked away, and payments industry body AusPayNet launched a new “code of practice” in an effort to avoid regulation.

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UK regulator seeks remedies to jump in card scheme fees since surcharge ban

By Staff Reporter

The UK’s payments regulator may have published its final report for its current review but is not done with Mastercard and Visa, following a 25% increase in scheme fees since the surcharge ban was implemented.

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Albanese puts fresh focus on digital and payments, but loses experienced Husic

Commentary by Michael Sainsbury, Senior Business Correspondent

The politically charged removal of the technology-savvy Ed Husic from the Albanese ministry was certainly a blow - his are large shoes to fill.

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Dr Daniel Mulino is the new Assistant Treasurer and Minister for Financial Services

By Staff Reporter

Dr Daniel Mulino has big shoes to fill as the newly named Assistant Treasurer and Minister for Financial Services, following the retirement of Stephen Jones.

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A welcome Humm for new CEO - Angelo Demasi

By Staff Reporter

Humm’s new CEO, Angelo Demasi.

Hummgroup has announced its new CEO Angelo Demasi, following the departure of Stuart Grimshaw for personal reasons.

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