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Airline ticket price hikes ahead, as Qantas promises to pass on surcharge costs

By Michael Sainsbury, Senior Business Correspondent

Qantas believes that while the RBA's aims are admirable, it will not get the results it wants - with the proposed ban on surcharging more likely to see an inflationary effect.

JP Morgan looks to ruffle local major banks in corporate payments

By George Lekakis, Senior Banking and Financial Services Correspondent

The country’s big four banks face a serious challenge from JP Morgan in the institutional payments market.

How reliable are the RBA’s official numbers on debit routing?

By George Lekakis, Senior Banking and Financial Services Correspondent

Banks and other acquirers of eftpos transactions enjoyed lower wholesale costs for processing eftpos transactions last year, but the average service fees paid by merchants still soared by 34 per cent. The blowout in merchant costs comes as the RBA released fresh data that least cost routing had been “enabled” for 80 per cent of Australian merchants at the end of June.

Qantas says Frequent Flyers will grow, despite proposed fee cuts

By Michael Sainsbury, Senior Business Correspondent

Qantas remains upbeat that its Loyalty division can continue grow at 10-12% each year despite dark warnings from card schemes about the interchange caps that underpin the program.

RBA flags greater scrutiny of payments resilience

By Warwick Ponder, Editor

The Reserve Bank of Australia (RBA) has endorsed an ongoing research program examining interoperability, third-party and concentration risks, resilience arrangements for high-value payments and the vulnerability of the payments system to utilities outages.

Routing now available for 50 per cent of debit cards on mobile

By Warwick Ponder, Editor

Mobile least-cost routing (LCR) is now available to 50 per cent of cardholders, according Australian Payments Plus (AP+).

ConnectID scores top rank in Age Assurance report

By Warwick Ponder, Editor

Australian Payments Plus (AP+) digital ID solution, ConnectID, has achieved a top ranking in the Australian Government’s Age Assurance Technology Trial report, which confirms that age assurance can be delivered in Australia in a way that is private, efficient and effective.

ASX, CHESS face regulatory hurdles, RBA

By Staff Reporter

The ASX faces “further regulatory steps” to improve its governance and risk culture, following batch payments failure incident in December 2024.

Macquarie Bank joins BioCatch Trust

By Rachel St Clair, Reporter

Macquarie Bank has joined BioCatch Trust Australia, adding an additional layer of security protection against fraud and scams for its customers.

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