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LATEST STORIES

AI driven social media scam surge warning: Westpac

Westpac is warning Australian businesses and households to brace themselves for a “new wave of personalised, AI driven scams” this year, and wants social media platforms to step up.

Digital & Online

Citizens left holding the bill as the government undermines its payments reform agenda

As Canberra bans surcharges in October, a glaring loophole has been left open that hands NAB the country's biggest commercial card windfall. Taxpayers will be forced to cover the cost of expensive corporate credit cards used to pay for government services, while public servants will inflict pain on small businesses every time they open their wallets, forcing up prices.

Regulation

Feedback on costly NPP bulk payments solution due today

As the industry struggles to satisfy the Reserve Bank that the New Payments Platform can deal with the Government’s high priority bulk payments for essential services including welfare, veterans, pensions and the public service payroll, Australian Payments Plus is looking for feedback on a potential fix – but it comes with a big price tag and ongoing costs.

A2A

Game on. PSPs and acquirers fight to survive in a post-surcharge world

Ahead of what is likely to be the biggest Payment Service Provider (PSP) and acquiring market shakeup in decades, Tyro, Zeller, Westpac and CBA are already wooing customers for the post-surcharging world, while ANZ remains mum on its plans for ANZ Worldline.

Fintech

How the RBA created the surcharge snafu it now blames on others

Amidst high inflation, global uncertainty and surging fuel prices, Michele Bullock announced the controversial surcharging ban last week by saying the system "no longer works as intended." What she didn't say is that she was one of the people who made it work the way it did.

Regulation

Meta’s $10B blind spot for illegal tobacco and gangland payments

Facebook and Instagram have become a digital shopfront for criminal tobacco gangs and the payment platforms, including Stripe and PayPal, that enable their operations – all delivered by Australia Post.

Digital & Online