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

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

Australia’s central bank sees little need for a digital dollar for consumers, but is pushing ahead with plans to reshape RITS for ...
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Australia’s card networks have joined forces on an industry marketing “education” campaign to sell the October surcharge ban they lobbied for, after ...
ANZ puts December hard stop on Suncorp merchant acquiring

ANZ puts December hard stop on Suncorp merchant acquiring

Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their ...
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. ...
CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

Commonwealth Bank will cut its blended merchant fees to 0.99% from October, but the reduction does not appear to pass on all ...
Qantas, Virgin renegotiate with banks, loyalty profits to slow

Qantas, Virgin renegotiate with banks, loyalty profits to slow

Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, ...
CBA secures exclusive deal to issue Discover charge cards, with more likely to come

CBA secures exclusive deal to issue Discover charge cards, with more likely to come

Move over American Express, Commonwealth Bank (CBA) just secured the exclusive rights to be Discover's issuer in Australia, with plenty of perks ...
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 ...
AUSTRAC: payment platforms need better fraud checks

AUSTRAC: payment platforms need better fraud checks

AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification as the ...
Visa, Mastercard back bill platforms as surcharge workarounds

Visa, Mastercard back bill platforms as surcharge workarounds

Bill platforms including Sniip, pay.com.au and B2Bpay will still charge card payers fees after October 1, on volume the Reserve Bank's ban ...
Double trouble: CBA glitch triggers multiple false debit card charges

Double trouble: CBA glitch triggers multiple false debit card charges

Just days after posting a record profit, Commonwealth Bank has suffered a card processing error which saw some of its World Debit ...
Another Mastercard outage hits Australian payments as cards decline

Another Mastercard outage hits Australian payments as cards decline

Mastercard suffered another Australia-wide payments outage on Saturday, rendering cards held by millions of Commonwealth Bank, Westpac, Macquarie, Revolut, Bendigo and Bankwest ...

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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