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PayDay News | Australian Payments News

Digital & Online

News about fintechs, start-ups, mergers and collaborations in the payments space.

RBA downgrades RITS governance

RBA downgrades RITS governance

The Reserve Bank's new RITS assessment drops governance to "partly observed", admits the post-2022 clean-up is running slow, and concedes the system ...
RBA signs off on RITS review as overhaul gathers pace

RBA signs off on RITS review as overhaul gathers pace

The Reserve Bank's Board has approved a fresh review of Australia's critical settlement system, with the findings set to be released as ...
Australians yawn at CBDC as RBA explores future of digital money

Australians yawn at CBDC as RBA explores future of digital money

Australians are more interested in solving real-world payment frustrations than adopting a digital version of the Australian dollar, according to early findings ...
ATO urging business to act now on Payday Super

ATO urging business to act now on Payday Super

With less than 4 weeks until Payday Super becomes mandatory for Australian businesses, the ATO is urging employers to act now. ...
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 ...
Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Virgin is quickly following Qantas into package tours and non-card partners as it moves to counter cuts to interchange and the card ...
Novatti helps UNSW expand payment options for Chinese students

Novatti helps UNSW expand payment options for Chinese students

A top Australian university has partnered with Novatti to integrate Chinese payment platform Alipay and make fee payments more accessible for international ...
Ordermentum secures $55m backing to scale AI-powered infrastructure

Ordermentum secures $55m backing to scale AI-powered infrastructure

Hospitality ecommerce startup Ordermentum has attracted a $55 million investment to support the company’s next phase of growth, including AI deployment and ...
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 ...
Project Acacia closes with a quiet pivot: existing rails could do most of the wholesale CBDC’s job

Project Acacia closes with a quiet pivot: existing rails could do most of the wholesale CBDC’s job

Project Acacia concludes that Australia's existing payments and settlement infrastructure can carry most of the load a production wholesale central bank digital ...
CBA’s lucrative NSW transport acquiring deal remains in place for now

CBA’s lucrative NSW transport acquiring deal remains in place for now

The NSW Government’s decision to swap out its Opal providers has flow on effects to the current provider Cubic and its partners, ...
Online gambling bans to impact PSPs and fintechs

Online gambling bans to impact PSPs and fintechs

Payment Service Providers (PSPs) and fintechs are likely to lose a raft of lucrative customers after the Prime Minister announced that bans ...

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CBA elevates AI with tech leadership shake-up

Banking giant HSBC hit with $35m penalty over systemic scam protection failures

RBA’s next payments war set to engulf Apple, Amex, BNPL and Big Tech

Zombie fraud accelerates PayTo liability upgrade

RBA downgrades RITS governance

Peaking too early – beware premature terminal offers

NAB launches Nexus hub as cyber threats surge

Payments win as Hello Clever dominates Finnies

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