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PayDay News | Australian Payments News

Cash

News about cash usage, circulation and distribution throughout Australia.

Cash tax imminent for Aussie regions as Armaguard confirms new pricing is close

Cash tax imminent for Aussie regions as Armaguard confirms new pricing is close

Armaguard has confirmed the long-delayed Deloitte pricing model is close to final, but industry insiders warn it will feature a tiered model ...
Big four move to outfox Armaguard at arm’s length

Big four move to outfox Armaguard at arm’s length

ANZ, CBA, NAB and Westpac have asked the ACCC for authorisation to run cash distribution through a jointly owned company that replaces ...
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, ...
Business groups seek urgent guidance on non-card discount rules

Business groups seek urgent guidance on non-card discount rules

As the surcharge ban looms, industry groups are predicting the return of cash discounts and the introduction of benefits for account-to-account payments ...
Other than fuel, Aussies are still spending as inflation pressure rises

Other than fuel, Aussies are still spending as inflation pressure rises

With the Reserve Bank continuing to predict inflationary pain for the near term, new data from The Commonwealth Bank (CBA) suggests Aussies ...
Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%

Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%

Bank reporting of illegal tobacco to AUSTRAC is ramping up and starting to have real world impacts, with suspect funds being confiscated ...
Westpac brings back cardless cash withdrawals … with a twist

Westpac brings back cardless cash withdrawals … with a twist

After pulling the plug in 2024, Westpac has brought back cardless cash withdrawals, to suit the modern era. ...
Merchant fees hit record highs as card spending surges

Merchant fees hit record highs as card spending surges

Visa and Mastercard credit card merchant fees both reached 0.99% in the March quarter - the highest levels on record - while ...
Smart ATMs, hard cash: Tim Wildash on the $300,000 problem the banks haven’t solved

Smart ATMs, hard cash: Tim Wildash on the $300,000 problem the banks haven’t solved

Regional Australia doesn’t need smarter ATMs, it needs bank branches

Regional Australia doesn’t need smarter ATMs, it needs bank branches

An ACCC filing suggests the Australian Banking Association wants multi-bank deposit ATMs to fill the gap left by 1,564 branch closures since ...
Cash use trending up and “essential”: RBA

Cash use trending up and “essential”: RBA

With $107 billion in cash notes circulating in the economy, the Reserve Bank reaffirms its commitment to “ensure cash remains a viable ...
Cash still growing as ATM withdrawals hit a six-year high and debit surges

Cash still growing as ATM withdrawals hit a six-year high and debit surges

ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the ...

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