Western Union is now under enforcement investigation over its agent network six weeks before its biggest Australian agent walks after 22 years.

Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their broader migration onto ANZ systems and products.

Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved battles over pricing and the structure of cash distribution continue.

Treasury will consult on a refreshed Strategic Plan for Australia’s Payments System later this year as part of a broader push to accelerate financial innovation.

Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. Credit managed 7.2%, to $477.7 billion. Its own rate edged up from 7.1%, but the gap to debit widened to 2.9 percentage points.

Payments talent recruiter and CEO of Paralel Craig Danvers looks at change in the Australian payments market over the past decade – a period that has seen the industry roughly double in size to more than 10,000 people.

On The Interchange Bench this week, Tyro's Lee learns the hard way, a familiar face resurfaces at Salter Brothers, Revolut's unlikely wingman, the ATO's card trick, CBA's viral headache, and Banking Circle shows its hand.

The company has seen a reshuffle at the top, with Kevin Butler moving to CPO.

A collaboration between DataMesh and Castles Technology brings a range of devices to Australia, giving customers more choice.