Banks
News about the roles of banks and banking in the Australian payments space
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.
Fintech
+2
Oct 29, 2025
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ANZ outage highlights digital payments cloud concentration by three major suppliers
Amazon and Microsoft host the lion’s share of digital payments infrastructure amid concerns about data sovereignty and outages.
LCR
+1
Oct 29, 2025
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As ANZ Worldline moves on LCR, are Suncorp and Shift4 in its future?
With the ANZ acquisition of Suncorp leaving the future of its acquiring business uncertain and Shift4 buying up big parts of Worldline in the US, ANZ Worldline appears to be lifting its game on product development and Least-Cost Routing.
Fintech
+2
Oct 29, 2025
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Cuscal set to gain new bank, government and fintech customers by year’s end, as ACCC clears the way for $75m Indue deal
Cuscal is set to welcome about 20 new bank, government and fintech customers to its fold, after the ACCC cleared the way for its proposed $75 m acquisition of Indue Limited.
Banks
+1
Oct 22, 2025
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ANZ and Everyday Rewards team up as interchange storm rages
In the midst of fierce debate about the future of credit card rewards programs and interchange, ANZ and Woolworths Group’s Everyday Rewards have announced a new loyalty partnership.
