Adyen reports record Australian growth and a compliance breach

By George Lekakis, Senior Banking and Financial Services Correspondent

Dutch-owned merchant payments provider, Adyen, could be facing heightened regulatory scrutiny of its Australian business after a local audit by PwC found that the subsidiary may have breached a condition of its financial services licence.

Mastercard outage triggered record disruption in card payments, data reveals

By Staff Reporter

New data reveals external dependencies remain a critical vulnerability for the Australian payments system, following a Mastercard outage in March which triggered the most widespread disruption to card payment services seen since reporting began four years ago.

Less than 3 weeks for BNPL providers to get credit compliant

By Staff Reporter

Time is running out for Buy Now Pay Later (BNPL) providers to get compliant ahead of the National Credit Code being extended to their contracts.

European retailers urge clamp down on card fees after interchange caps fail to stop pain

By Staff Reporter

A group of Europe's biggest retailers has called on the European Commission to take action against Visa and Mastercard’s fees under EU antitrust rules.

Citi launches PayTo to reduce card fees and chargebacks

By Staff Reporter

One of the world's biggest card issuers is offering its Australian institutional clients the option to use PayTo payments which it says is a “faster, cost effective, and more secure alternative to credit cards, debit cards or direct debits”.

Tassie telco saves on chargebacks by running 20% of volume through PayID

By Staff Reporter

Launceston-based challenger telco Launtel is running 20% of its bill payments through PayID across the New Payments Platform and says it’s making significant savings by avoiding card chargebacks and disputes.

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