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AP+ sets early 2026 launch date for LCR on Click to Pay

By Michael Sainsbury, Senior Business Correspondent

eftpos owner AP+ is chasing Mastercard’s aggressive Click to Pay rollout in the land grab to embed tokens and least-cost routing for online card payments.

Does ANZ’s fintech fire-sale signal the beginning of a trend?

By Michael Sainsbury, Senior Business Correspondent

ANZ has dumped three fintech bets in a matter of days, a sharp shift away from underperforming payments-led experimentation.

RBA asked to explain soaring merchant costs as it finalises reforms

By George Lekakis, Senior Banking and Financial Services Correspondent

Small business groups want the Reserve Bank to shed light on why the average fee to process an eftpos transaction is rising as wholesale costs decline and more banks make least cost routing available to merchants. They say it’s pointing to something profoundly dysfunctional in the Australian payments system.

Payments reforms put global providers in the frame

By George Lekakis, Senior Banking and Financial Services Correspondent

After years of deliberation and delay, federal parliament has finally passed changes to the Payments System Regulation Act. While the reforms give the Treasurer new special powers to designate payments systems in the ‘national interest’ they are unlikely to advance the RBA’s mandate to support competition. Currently only eftpos, NPP, Visa and MasterCard are designated payment systems.

Bullock spruiks NPP while its key customer holds back volume

By Warwick Ponder, Editor

Reserve Bank Governor Michele Bullock has talked up the benefits of the New Payments Platform in Australia, while its key customer – the Federal Government - continues to hold back on moving substantial volume to the platform.

Tyro’s bizarre warning to SMEs, while industry still peddling costly bundled rates and surcharging

By Warwick Ponder, Editor

Tyro is warning customers to only make “modest price adjustments” in the wake of the proposed RBA surcharging bans next year, while continuing to promote hefty 1.4% bundled plans with surcharging to new small business clients.

Debit spend up, while credit pays the bills

By Peter Drennan, Senior Business Analyst

July's RBA payment data, released on Monday, reveals diverging trends: credit cards struggle in-store but dominate bill payments, while strong debit card growth suggests returning consumer confidence in discretionary spending.

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