Tyro and Square cut off illicit tobacco merchants, as KYC rules go out the window

By Michael Sainsbury, Senior Business Correspondent

As violence escalates in Australia’s $10b illegal tobacco wars, Tyro and Square have started pulling out payments terminals - while other PSPs and payments facilitators are sitting on their hands and counting the fees.

PSPs continue to push blended pricing plans despite looming surcharge ban

By Michael Sainsbury, Senior Business Correspondent

Small businesses could be left counting the cost if they succumb to heavy marketing incentives to sign up to hefty blended rate surcharging plans ahead of a looming ban.

AusPayNet flags movement on BECS closure

By Warwick Ponder, Editor

AusPayNet says key uncertainties and challenges need to be overcome before an “overall end-date” can be confirmed for the closure of Bulk Electronic Clearing System (BECS).

Interested in contributing to PayDay News? 

We are looking for journalists and commentators. Contact Warwick for more information: warwick@paydaynews.com.au 

Mastercard wins right to challenge privilege ruling as ACCC case heats up

By Michael Sainsbury, Senior Business Correspondent

An ACCC win that would allow it access to more of Mastercard’s internal documents in its three and a half year battle against the card scheme, can be challenged and could impact the case.

Competition targets Amex as NAB rebrands Citi cards and Azupay claims new talent

On the Interchange Bench this week, rumours abound about competition coming to challenge AMEX, while NAB renames its Citi credit card portfolio and Azupay takes on new talent.

Magic! Your debit fees just transformed into higher credit

Commentary by Brad Kelly, Payments Expert

Turning debit into higher credit fees has always been the Holy Grail to boost issuer revenue. Visa may have finally found it, but merchants will pay handsomely for the “privilege”.

Small business “subdued” as RBA mulls decision on card fees and surcharging

Commentary by Brad Kelly and Gabby Taylor

Two new reports have articulated stresses facing the nation’s small businesses, as the Reserve Bank of Australia considers the future of surcharging and merchant fees which could deal another blow to the sector.

Checkout.com and UBER announce global partnership

Checkout.com has announced a new partnership with Uber - providing acquiring and payment gateway services to Uberʼs ridesharing and on-demand delivery platforms.

Employment Hero, OZEDI and Zepto team up on Payday Super

By Staff Reporter

With the Payday Superannuation Bill passing through parliament yesterday, three Australian technology companies are mobilising to ensure compliance with the seven-day super payment expectation.

Aussies are sitting on $1,349 worth of unused and unwanted items

By Rachel St Clair, Reporter

A recent PayPal Circular Economy Research Report has shown Australian’s are drowning in clutter, with 9 in 10 having $1,349 worth of unused items laying around that could be turned into cash.

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