A2A
News about Account-to-Account (A2A), PayTo, PayID, BECS and AP+
A2A
+1
Jun 24, 2026
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Zombie fraud accelerates PayTo liability upgrade
A $3 million Revolut zombie fraud incident appears to have accelerated an upgrade of PayTo, with a meeting of the industry’s top brass demanding the urgent fix to the fraud liability framework and the blocking of new risky merchants until the issue is resolved.
Featured
+1
Jun 23, 2026
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QuickBooks taps Employment Hero as Payday Super deadline looms
As the clock ticks down on Payday Super and the closure of the ATO's small business clearing house, QuickBooks has turned to Employment Hero to help automate compliance for thousands of Australian businesses.
Fintech
+1
Jun 10, 2026
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Volt and Trade Nation launch real-time payments for Australian traders, starting a global partnership
Kicking off a global launch in Australia with PayID, a partnership between Volt, Trade Nation and Praxis promises to bring A2A capabilities through a single integration to trading clients.
Cash
+2
Jun 3, 2026
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Cards remain top of the charts but is cash making a comeback?
The Reserve Bank has released the results of the 2025 Consumer Payments survey, showing that cards remain king, account-to-account adoption remains slow, and cash might be making a resurgence.
Fintech
+2
May 27, 2026
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AP+ compliance breaches shrouded in secrecy as incident concerns rise
A published "naughty list" of NPP breaches fails to properly name the companies responsible or the penalties applied, despite increasing concern about recent incidents like the $3 million social media fraud scheme that forced fintech Revolut to suspend its PayTo service.
Fintech
+1
May 26, 2026
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Box seats for A2A faithful as AP+ opens the kimono at PSP forum
A large group of account to account (A2A) fintechs including Azupay, Bolt Group, Constantinople, DSPANZ, Fat Zebra, Flash Payments, Fusion Pay, Global Payments, GoCardless, Linkly, Merchant Warrior, Monoova, Ozedi, Paydock, Paypa Plane and Stripe have been given a front row seat on development of the New Payments Platform as the debate over its vision and roadmap intensifies.
Fintech
+3
May 20, 2026
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Cuscal and Tyro – A tale of two cities
Perception is everything in the financial markets and right now investors like Cuscal but have serious doubts about Tyro’s future, creating a mammoth task for CEO Nigel Lee to re-establish confidence.
Fintech
+2
May 20, 2026
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No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud
Wannabe Aussie bank Revolut has declined to name a date for the return of its PayTo service after 250 of its “dormant” zombie accounts were used to defraud about $3 million from unsuspecting consumers on social media.
Fintech
+1
May 13, 2026
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Banking Circle customer chaos - first Binance and now Revolut’s $3m zombie PayTo fraud bungle
Hundreds of zombie Revolut accounts have been used to fleece about $3 million using fraudulent PayTo requests via Banking Circle’s tech stack ... but nobody wants to talk about why it wasn't spotted sooner. The "incident" follows another Banking Circle customer - Binance - having to be unplugged unceremoniously from the New Payments Platform (NPP) in January.
Fintech
+1
May 13, 2026
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Bonza and Revolut show how PayTo can go wrong ... but who pays the bill?
Who pays for PayTo fraud and chargebacks is an issue that needs to be ironed out quickly as transactions grow in the market. Monoova confirms what consumers don’t want to hear - “it’s complex”.
Cash
+5
May 13, 2026
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Merchant fees hit record highs as card spending surges
Visa and Mastercard credit card merchant fees both reached 0.99% in the March quarter - the highest levels on record - while debit fees also climbed sharply. The increases come as card spending hit historic highs, with credit up 12% and debit surging 15% year-over-year, putting additional pressure on retailers already facing margin compression.
Fintech
+1
May 6, 2026
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Revolut shuts down PayTo after “incident”
Wannabe Aussie bank Revolut has turned off PayTo following an unexplained incident, with its New Payments Platform (NPP) access provider - understood to be Banking Circle - AP+ and regulators clamming up when approached for comment.
Fintech
+1
Apr 29, 2026
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Ant International & Citi launch PayTo for Australian SMEs
Ant International and Citi plan to launch PayTo on Ant’s service in Australia aimed directly at the small business market.
Fintech
+2
Apr 22, 2026
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Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia
Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.
Fintech
+1
Apr 22, 2026
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Mystery to shroud BECS future until July: AusPayNet
Despite potential impacts on NPP-centric fintechs and other payments stakeholders, AusPayNet won’t make public the results of its assessment of options to upgrade the Bulk Electronic Clearing System (BECS) until July.
A2A
+1
Apr 22, 2026
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Why the Government won’t move to NPP except in emergencies
The Reserve Bank has told a Parliamentary Inquiry why Government agencies aren’t moving to the New Payments Platform except in emergency situations - and it’s still all about bulk payments, reach, resilience and cost.
A2A
+1
Apr 15, 2026
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Bank lobby conflates NPP costs with cards fees ... and threatens more fees!
Small businesses and cardholders might soon be paying higher card fees to help the big banks’ build the New Payments Platform (NPP) and defend their profits from multinationals, according to bank lobbyists.
Cash
+5
Apr 15, 2026
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Cash still growing as ATM withdrawals hit a six-year high and debit surges
ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.