Big banks urge RBA to test scheme fee regulation and broaden cards inquiry

By Warwick Ponder, Editor

The Reserve Bank of Australia (RBA) should not be deterred from regulating the scheme fees charged by Visa and Mastercard because of the possibility of litigation, according to Commonwealth Bank CEO Matt Comyn.

Comyn quits tobacco – shutting down terminals and accounts

By Michael Sainsbury, Senior Business Correspondent

With ANZ Worldline also taking action, questions remain over whether Westpac and NAB are making any credible efforts.

NAB races to land Citi migration by December as customers brace for rewards change

By Michael Sainsbury, Senior Business Correspondent

Former Citi customers will be migrated to the new MyCard platform but more work remains on balances and with partners, as looming RBA interchange cuts threatens existing rewards.

US merchants win the right to surcharge credit cards as RBA mulls ban

By Warwick Ponder, Editor

In a moment of payments regulatory irony, a court settlement in the US may give merchants the right to surcharge costly rewards, premium and corporate credit cards, just as the Reserve Bank of Australia (RBA) looks to ban the practice here.

Westpac confirms interchange pays for its credit card rewards

By Staff Reporter

Westpac CEO, Anthony Miller told the Standing Committee on Economics yesterday that rewards are funded by interchange fees, despite the Reserve Bank ruling them an ineligible interchange cost.

Fiery debaters, new platforms, talent and titles

On The Interchange Bench this week, Fintech executives are readying for a big debate on regulation vs innovation at Women in Payments, while Payflo comes to town, Mastercard tickles Tyro, AP+ tightens titles and EFTEX takes on new talent.

Super to kick up NPP volume in 2026 as use cases expand

By Warwick Ponder, Editor

Payday Super is likely to give NPP payments a much-needed volume boost in the new year, as transaction growth begins to move into new areas of the market including merchant disbursements, subscription services and cross border payments.

$40 million lost in a year – shoppers beware Black Friday scams

By Warwick Ponder, Editor

Online shoppers should stay alert to scams as Black Friday sales kick-off, with the Australian Bankers Association (ABA) claiming almost $40 million was lost to buying and selling scams over the past year.

Aussies to sleigh holiday sales using AI as Santa’s helper

By Rachel St Clair, Reporter

More than half of Aussies under 45 are planning to use creative AI tools to assist with holiday shopping, according to new research from PayPal.

The era of invisible finance: How AI, identity and trust are redefining money

By Errol Fonseca, Contributor www.4nseca.com

The future of finance isn’t cashless. It’s conscious built on invisible intelligence and visible trust.

Vault new Mastercard Principal Issuer

By Rachel St Clair, Reporter

Melbourne-based card payment fintech, Vault Payment Solutions has become a Mastercard Principal Issuer, promising both clients and cardholders faster innovation, greater agility, and enhanced security.

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