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PayDay News | Australian Payments News

Regulation

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

The fault lines in Australia’s payments

The fault lines in Australia’s payments

Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...
Australia Post to drop Western Union as AUSTRAC opens investigation

Australia Post to drop Western Union as AUSTRAC opens investigation

Western Union is now under enforcement investigation over its agent network six weeks before its biggest Australian agent walks after 22 years. ...
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. ...
No deposits, as ACCC puts banks on a short leash for ATM trial

No deposits, as ACCC puts banks on a short leash for ATM trial

The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, but has ...
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 ...

TRENDING ▸

The fault lines in Australia’s payments

Affirm and Shopify launch Shop Pay Installments in Australia

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

Adyen consolidates Melbourne’s Limitless payments across six Asian markets

Fintechs push RBA to open NPP access and unlock A2A competition

RBA puts retail digital dollar on ice as tokenised wholesale push grows

Banks line up against Amex as RBA weighs three-party regulation

Card costs push cash-friendly Vietnam to leapfrog plastic for A2A

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