Banks
News about the roles of banks and banking in the Australian payments space
Banks
+1
Jan 28, 2026
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NAB scam warning: social media & high-profile Aussies
Criminals impersonating well-known Australians - including nabtrade market analyst Tom Piotrowski - are increasingly using social media to lure people into investment scams and rip them off, according to NAB.
Fintech
+3
Jan 21, 2026
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Square using machine learning and AI to cut off illicit tobacco
While a group of payments providers are actively working to help stop criminals, others appear to be sanguine, with well-known terminal providers still very visible in illegal tobacco and vape stores.
Fintech
+2
Jan 14, 2026
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Strapped for cash? Sports sponsorship payments influence that never shows up in the register
The major card schemes and big banks are ubiquitous in their sponsorship of Australia’s major sporting codes and events but hide behind the sporting codes administrators as they wield influence.
Cash
+2
Jan 7, 2026
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Mandate kicks off a big year for cash policy, as ACCC greenlights ABA collaboration on distribution despite concerns
The Cash Acceptance Mandate became law on January 1 and the ACCC has now greenlighted the Australian Banking Association (ABA) to collaborate on cash distribution despite stakeholder concerns - kicking off a huge year for cash policy in Australia.
Fintech
+4
Dec 17, 2025
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Blockley hangs up his payments consulting hat
After 37 years of consulting for some of the nation’s biggest banks and global card schemes, the big end of town’s gun for hire Lance Blockley is hanging up his hat at The Initiatives Group (TIG) and passing on the mantle.
Banks
+1
Dec 3, 2025
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NAB completes Citibank migration, becomes nation’s super Issuer
NAB just became Australia’s biggest card issuer with the completion of the Citibank migration, and now it wants relief on the Reserve Bank’s proposed interchange cuts.
Cash
+1
Nov 26, 2025
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Can an ATM passion project assist remote cash distribution blues?
NAB CEO Andrew Irvine has revealed his “passion project” - a multi-deposit ATM - to assist cash distribution in remote communities, but it turns out he isn't the only one in the industry with a deep enthusiasm for the technology.
Banks
+1
Nov 19, 2025
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NAB races to land Citi migration by December as customers brace for rewards change
Former Citi customers will be migrated to the new MyCard platform but more work remains on balances and with partners, as looming RBA interchange cuts threatens existing rewards.
Fintech
+3
Nov 12, 2025
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ANZ Worldline gets tough on illegal tobacco as AUSTRAC targets banks and PSPs
“Just like the banks, payment platform providers should already be alive to the risks of illicit tobacco profits and consider who they are providing services to and how much risk they carry,” AUSTRAC.
Fintech
+3
Nov 12, 2025
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Tyro locks in new CEO as suitors continue to circle
Shareholders are agitating for incoming chief Nigel Lee to realise some value for the company.
Fintech
+3
Nov 5, 2025
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Tyro and Square cut off illicit tobacco merchants, as KYC rules go out the window
As violence escalates in Australia’s $10b illegal tobacco wars, Tyro and Square have started pulling out payments terminals - while other PSPs and payment facilitators are sitting on their hands and counting the fees.