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NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on ...
RBA designates Armaguard as cash pricing fight looms

RBA designates Armaguard as cash pricing fight looms

Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved battles over ...
Debit tips into double digits and pulls away from credit

Debit tips into double digits and pulls away from credit

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. ...
Government to refresh payments strategy as fintech plan lands

Government to refresh payments strategy as fintech plan lands

Treasury will consult on a refreshed Strategic Plan for Australia’s Payments System later this year as part of a broader push to ...
Macquarie backs industry-wide A2A push as RBA priority

Macquarie backs industry-wide A2A push as RBA priority

Macquarie wants AP+ running BECS and the NPP, while fintechs have attacked the NPP access costs. ...
A bug’s life: fight against blockchain money laundering

A bug’s life: fight against blockchain money laundering

The smallest and hardest-working of the animal kingdom could be carrying the weight of financial crime fighting on its back, with new ...
Cash jigsaw still unfinished after framework clears Parliament

Cash jigsaw still unfinished after framework clears Parliament

A lot remains unfinished to secure Australia’s cash future after Parliament last week passed legislation regulating Australia’s cash distribution network, handing the ...
Tobacco inquiry exposes payments blind spot

Tobacco inquiry exposes payments blind spot

A NSW parliamentary inquiry has called for a tobacco excise reset and stronger enforcement after finding organised crime is exploiting cash, private ...
NZ consults on modernising payments

NZ consults on modernising payments

The Reserve Bank of New Zealand (RBNZ) is seeking feedback on its payments system and ways in which to future-proof and modernise ...
AI commerce won’t change payments much

AI commerce won’t change payments much

Contributor Vibhu Arya explores the impact of AI and how much of a role it will play in the payments industry. ...
Europe’s Wero revolution gathers pace as banks challenge Visa and Mastercard

Europe’s Wero revolution gathers pace as banks challenge Visa and Mastercard

Europe's long-running push to reduce dependence on Visa and Mastercard is accelerating, with its A2A payments play Wero now boasting 50 million ...
NAB PayTo cuts super payment lag as Payday Super pressure builds

NAB PayTo cuts super payment lag as Payday Super pressure builds

NAB and Apex Group have deployed PayTo to cut superannuation payment processing from four days to one, as employers adjust to the ...

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