Banks
News about the roles of banks and banking in the Australian payments space
Banks
+1
Mar 18, 2026
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CHOICE: banks not doing their bit to stop financial elder abuse
A CHOICE report has found that most banks aren’t complying with their own industry code of practice to stop elder financial abuse - costing vulnerable people several billions of dollars a year.
Banks
+1
Mar 18, 2026
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US Ripple buys remnants of BC Payments for Aussie licence
US crypto outfit Ripple is buying the remnants of Banking Circle’s original Australian entity, BC Payments Australia, to obtain an Australian Financial Services License (AFSL) quickly.
Banks
+1
Mar 11, 2026
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Is Matos’ next move to ramp up or sell off ANZ Worldline and the Suncorp merchant business?
Well-versed in the art of acquiring, ANZ’s Nuno Matos now faces a payment headache – what to do with Suncorp’s 3,000 merchant customers, and his troublesome joint venture partner Worldline.
A2A
+1
Mar 11, 2026
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Macquarie wields PayID in catch up rental payments
By launching PayID on DEFT, Macquarie Bank is matching CBA and RentPay on real time payments – strengthening its ongoing campaign to dominate the $85bn-a-year rental payments market.
Fintech
+9
Mar 4, 2026
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ParliPay - hours of action-packed TV with a pinch of fiction
Last week I spent two days watching the parade of banking and payment seniors strut their stuff in Canberra at the House Economics Committee – the ParliPay hearings.
Fintech
+3
Feb 25, 2026
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CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI
The country’s biggest bank will be able to offer customers Dynamic Least-Cost Routing (DLCR) and improved outage resilience by year end, after it snapped up local innovative fintech IPSI.
Banks
+1
Feb 25, 2026
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NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus
With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.
Banks
+1
Feb 18, 2026
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After a booming profit, CBA now says domestic issuing and acquiring run at a loss!
Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.
Cash
+1
Feb 18, 2026
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Cash demand up at branches as closures continue
The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.
Banks
+1
Feb 18, 2026
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CBA takes the lead on scams and fraud as credit growth bolsters banks
Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.
A2A
+1
Feb 18, 2026
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PayTech merger talk as banks demand controls over “free ride” NPP entrants
With growing rumours about consolidation of real time PayTech companies, the big banks want them to cough up extra dollars for network builds and provide more assurances that new entrants can be trusted.
Banks
+1
Feb 11, 2026
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CBA report: how it’s approaching AI
The Commonwealth Bank (CBA) has released a report outlining how it envisions, develops, deploys and manages Artificial Intelligence (AI) at an organisational level with a focus on responsible practices.
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.
