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PayDay News | Australian Payments News

Cards

News about card payments, including debit, credit and pre-paid cards.

EFTEX celebrates 25 years after first ATM transaction

EFTEX celebrates 25 years after first ATM transaction

From a single ATM transaction to processing almost 200 million payments worth $30 billion a year, EFTEX is celebrating 25 years as ...
Is Amex sleepwalking into regulatory and customer nightmare?

Is Amex sleepwalking into regulatory and customer nightmare?

Amex leads the way on “service fee” model for payments platforms

Amex leads the way on “service fee” model for payments platforms

Amex Australia is charging “service fees” for payments on its own platform in a model that could be adopted by other providers ...
US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules

US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules

Just days after eftpos and American Express, card scheme giants Visa and Mastercard have formally confirmed what most of the payments industry ...
Terminal upgrade looms as RBA widens payments security focus

Terminal upgrade looms as RBA widens payments security focus

Australia's banks and card acquirers face a technology overhaul of the nation's card payments infrastructure as regulators intensify their focus on cryptographic ...
Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Struggling small businesses and their customers will be forced to pay for costly premium Amex rewards programs and international card fees, after ...
eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos owner Australian Payments Plus (AP+) plugs least cost routing as merchants prepare to swallow billions in fees and questions swirl about ...
No concessions as Melbourne turns on $2B tap transit tech and Sydney moves on

No concessions as Melbourne turns on $2B tap transit tech and Sydney moves on

A “successful trial” of standard tap and go transit payments tech in Melbourne will finally see the service expand over the coming ...
The RBA hasn’t banned surcharges — and the difference matters

The RBA hasn’t banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — ...
Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

While the Reserve Bank of Australia (RBA) and ACCC have only talked about surcharge restrictions for Visa, Mastercard and eftpos, US payments ...
Cards remain top of the charts but is cash making a comeback?

Cards remain top of the charts but is cash making a comeback?

The Reserve Bank has released the results of the 2025 Consumer Payments survey, showing that cards remain king, account-to-account adoption remains slow, ...
Worldline stays in the frame after finalising divestment of Paymark to Cuscal

Worldline stays in the frame after finalising divestment of Paymark to Cuscal

Worldline has finalised the divestment of New Zealand’s iconic EFTPOS player, Paymark, to Cuscal for $27.5 million ... but the troubled European ...

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