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PayDay News | Australian Payments News

Outages

News about payments outages, their causes and their effect on Australians.

Invest and coordinate: more work ahead to build real time resilience

Invest and coordinate: more work ahead to build real time resilience

Commonwealth Bank, Westpac, ANZ and NAB are among the industry players who who could make better use of “underutilised critical infrastructure” to ...
RBA confirms an expired certificate took down Australia’s payments settlement backbone

RBA confirms an expired certificate took down Australia’s payments settlement backbone

The RBA's post-incident report on the 27 January RITS outage reveals an uncomfortable truth: the plumbing that moves billions through Australia's financial ...
Missed deadline on RBA outage review – the system keeps breaking

Missed deadline on RBA outage review – the system keeps breaking

Australia built a cashless economy on infrastructure that can't stay online. The Reserve Bank knows it. The telcos know it. And now, ...
RBA releases details of CS crisis powers to protect financial markets

RBA releases details of CS crisis powers to protect financial markets

The Reserve Bank of Australia (RBA) has published its rules for intervening if there is a threat to domestic financial stability or ...
Expiring certificates crashed RBA batch settlements

Expiring certificates crashed RBA batch settlements

Expiring certificates were responsible for a 7 hour Reserve Bank outage that saw pays and property settlements delayed for up to four ...
RBA outage delays some payments for four days

RBA outage delays some payments for four days

Pays were late and property settlements delayed after a 7 hour Reserve Bank outage last week caused flow-on impacts across the industry ...
Aussie eftpos moves on outage risks with Stand-in Processing but will card issuers play?

Aussie eftpos moves on outage risks with Stand-in Processing but will card issuers play?

In an increasingly less-cash world, Australia’s domestic card network eftpos has moved to reduce the impact of bank outages with a new ...
ATO urges employers to move early on payday super or risk compliance nightmare

ATO urges employers to move early on payday super or risk compliance nightmare

Employers have been warned to move early on payday super, with the ATO expecting 25 times the number of rejected contribution payments ...
Triple Zero woes raise questions over critical payments infrastructure

Triple Zero woes raise questions over critical payments infrastructure

Australia’s critical infrastructure regime covers 13 sectors including financial services, but is the regime in the sector as strong and resilient as ...
ANZ outage highlights digital payments cloud concentration by three major suppliers

ANZ outage highlights digital payments cloud concentration by three major suppliers

Amazon and Microsoft host the lion’s share of digital payments infrastructure amid concerns about data sovereignty and outages. ...

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