October marks the 1st anniversary of PayDay News. Thanks to all our readers for supporting Australia’s independent payments news.

A big first year – our biggest stories

By Gabby Taylor

PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.

Merchants wait on Chalmers to close AFCA scheme loopholes

By George Lekakis, Senior Banking and Financial Services Correspondent

Small business customers of ANZ Worldline Payment Solutions and the Fiserv-owned Clover platform are unable to lodge claims against either provider with the Australian Financial Complaints Authority. While both acquirers are exempt from having to submit to AFCA’s jurisdiction, their non-participation in the dispute resolution scheme highlights a loophole that lawmakers have failed to close.

NEW COLUMN

Movement at Worldline, Tyro hires for growth and more interchange shenanigans

In our first edition of our breaking news and gossip column, Interchange Bench, we look at executive changes at Worldline Australia and Tyro, as well as continuing shenanigans in the murky world of interchange lobbying.

RBA outlines action plan on payments resilience

By Warwick Ponder, Editor

The Reserve Bank has outlined an action plan to improve payments resilience over the next two years as outages continue to rock public confidence in the system.

Regulators turn spotlight back on CHESS after blockchain misstep

By Michael Sainsbury, Senior Business Correspondent

The 10 year ASX saga to upgrade its ageing settlements and clearances infrastructure continues, amidst a new ASIC probe and a fail from the RBA in its latest report.

Payments companies looking more like banks as they grow business loans

By Warwick Ponder, Editor

In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.

Australia moves to build crypto guardrails as payments integration accelerates

By Warwick Ponder, Editor

The government has released draft laws to license exchanges and issuers, ASIC has granted temporary relief for stablecoin distribution, and global players from PayPal to IG Group are reshaping Australia’s crypto payments landscape.

Pocket money payments up 300% ... but kids learn along the way

By Rachel St Clair, Reporter

Inflation is hitting parents’ hip pockets, with new Westpac data revealing more than half of Australian children are earning on average $25 per week – roughly 300% more then their parents did back in the day.

Keeping the bastards honest - PayDay News turns one

Commentary by Brad Kelly

As we move into our second year at Payday News, I like to think of our role being like that of Senator Don Chipp who in 1980 said famously that his job was “To keep the bastards honest”. Clearly, we have our work cut out for us.

Hana Wallet launches mobile-first crypto card

By Rachel St Clair, Reporter

Spending crypto via Apple Pay and Google Pay just became easier via a new virtual pre-paid crypto card launched by Sydney decentralised finance start up Hana Wallet.

IGA offers rewards and cash back

By Warwick Ponder, Editor

Shoppers at IGA supermarkets can now enjoy rewards and cashback offers in a move that goes head to head with Coles Flybuys and Woolworths Rewards programs.

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