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PayDay News | Australian Payments News

Regulation

News on regulation, including from Treasury, the RBA, ACCC, AUSTRAC and other authorities.

Public interest test on the line with RBA submission due in days

Public interest test on the line with RBA submission due in days

Submissions to the Reserve Bank's payments review close Friday, with a warning of lopsided debate pushing wallets and Amex ahead of cards, ...
Harvey Norman, Latitude fined $55m over misleading interest-free campaign

Harvey Norman, Latitude fined $55m over misleading interest-free campaign

Harvey Norman and Latitude have been hit with $55 million in Federal Court penalties after misleading millions of Australians about the true ...
Australia’s clubs can’t hire their way out of AUSTRAC’s new maths

Australia’s clubs can’t hire their way out of AUSTRAC’s new maths

Kinectify CEO, Joseph Martin, is in Australia for a few weeks, having just signed a run of club clients and met roughly ...
Banks praised on illicit tobacco but industry says it’s an excise issue

Banks praised on illicit tobacco but industry says it’s an excise issue

Metcash's first profit lift in the category and a wave of state raids suggest enforcement is starting to land, yet retailers, economists ...
RBA’s next payments war set to engulf Apple, Amex, BNPL and Big Tech

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

A new Reserve Bank review set to land tomorrow will open a fresh front on the payments battleground before merchants and the ...
ASX admits CHESS claims misled market, faces $20.5m penalty

ASX admits CHESS claims misled market, faces $20.5m penalty

The Australian Securities and Investments Commission (ASIC) has struck a proposed settlement with ASX Limited after the market operator admitted it misled ...
Amex ordered to compensate customer after privacy breach

Amex ordered to compensate customer after privacy breach

The Australian Privacy Commissioner has ordered American Express Australia to compensate a customer, apologise and strengthen internal controls after finding the card ...
Inside a Telstra impersonation scam that hit a Sydney grandmother

Inside a Telstra impersonation scam that hit a Sydney grandmother

I'm writing about this scam because the mechanics of it map almost perfectly onto the scam categories regulators are now trying to ...
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 ...
Industry considers who pays when PayTo goes wrong

Industry considers who pays when PayTo goes wrong

More than 30 payment providers met with Australian Payments Plus (AP+) on Friday, as Revolut’s recent zombie fraud issue pushed PayTo's awkward ...
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 — ...
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 ...

TRENDING ▸

Visa credit hits 1%, the largest annual fee rise of any scheme

Banktech, Next Payments ride cash wave as no surcharge bill shock looms

The Interchange Bench

CBA says payments resilience now a competitive advantage as geopolitical risks grow

Reforms converge to reshape PayTo protections as demand for card alternative grows

Customers waiting as real-time ‘future by committee’ inches forward

What can we learn from Malaysia on A2A retail?

AusPayNet’s first resilience report skips the Telstra outage

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