Square, CBA, NAB and Tyro ready to pull illegal tobacco terminals

By Michael Sainsbury, Senior Business Correspondent

A number of Payment Service Providers say they are actively working to identify and block illegal tobacco businesses and remove their POS terminal services.

Draft PSP regulations released for consultation

By Warwick Ponder, Editor

Treasury has started consultation on tranche 1 of its new regulatory framework for Payment Service Providers (PSPs).

Cash mandate back in play, while POS hopefuls jockey for position

On the Interchange Bench this week there are rumblings from the nation’s capital that the Cash Mandate is back on, while the POS market comes alive with ambitious plays from the likes of Airwallex, Oolio and a mystery bank, and ANZ Worldline distances itself from ANZ on LinkedIn!

Impact of surcharge reform on government services uncertain as rego prices rise

Commentary by Michael Sainsbury, Senior Business Correspondent

There’s uncertainty about how governments will recoup the cost of banning card surcharges, as NSW bumps up its annual fees by more than CPI and Queensland cuts American Express as payment option for transport this week.

RBA admits small merchants may continue to pay high card fees

By Gabby Taylor

Reserve Bank Governor Michele Bullock has admitted that not only are small merchants paying “much, much more” in card fees than their big business counterparts, but they may continue to do so under its proposed plan.

Aussie Monoova named Company of the Year at Global FinTech Awards

By Rachel St Clair, Reporter

Australian payment services provider Monoova has been named Company of the Year at the Global FinTech Awards 2025 in London, highlighting Australia’s growing influence in the global fintech sector.

Tokenised invoices: way of the future?

By Rachel St Clair, Reporter

Tokenised invoices are the next step in safe and instant reconciled payments, according to payments fintech, Azupay.

Payments industry revs up for Payday Super, as legislation is introduced

By Warwick Ponder, Editor

Payments industry leaders have welcomed the introduction of the Payday Super legislation to Parliament that will require employers to pay their employees’ super at the same time as their salary and wages from 1 July 2026.

PayPal Open launches in Australia

By Rachel St Clair, Reporter

PayPal has launched its new merchant platform PayPal Open in Australia, integrating a suite of commerce tools from the PayPal ecosystem.

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