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Banks

News about the roles of banks and banking in the Australian payments space

Fintech

+2

ANZ outage highlights digital payments cloud concentration by three major suppliers
LockSimple

Oct 28, 2025

•

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

As ANZ Worldline moves on LCR, are Suncorp and Shift4 in its future?
LockSimple

Oct 28, 2025

•

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

Cuscal set to gain new bank, government and fintech customers by year’s end, as ACCC clears the way for $75m Indue deal
LockSimple

Oct 28, 2025

•

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

ANZ and Everyday Rewards team up as interchange storm rages
LockSimple

Oct 21, 2025

•

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.

Cash

+2

CBA adopts QR cardless cash at ATMs to increase security
LockSimple

Oct 21, 2025

•

CBA adopts QR cardless cash at ATMs to increase security

CBA has replaced Cashless Card and Cardless Deposits using mobile phone numbers with a QR solution in an effort to reduce financial crime.

Banks

CBA, Westpac and ANZ lead the pack on branch closures
LockSimple

Oct 21, 2025

•

CBA, Westpac and ANZ lead the pack on branch closures

The Commonwealth Bank closed the most bank branches in the 12 months to July 2025, followed by Westpac and ANZ, according to the latest APRA numbers.

Banks

Distrust in major banks gives leg up to new payment types because “everything’s too expensive”
LockSimple

Oct 21, 2025

•

Distrust in major banks gives leg up to new payment types because “everything’s too expensive”

Around 40 percent of Australians express distrust towards the major banks, while “the cost of living crunch does not discriminate”, according to new research from Nielsen Consumer & Media View (CMV).

Fintech

+4

Payments companies from CBA to Westpac to ANZ Worldline may be enabling criminal gangs with illegal tobacco sales
LockSimple

Oct 21, 2025

•

Payments companies from CBA to Westpac to ANZ Worldline may be enabling criminal gangs with illegal tobacco sales

“Our message is clear: if you profit from illicit tobacco in Australia, you are operating illegally,” says Home Affairs Minister Tony Burke.

Fintech

+4

Square, CBA, NAB and Tyro ready to pull illegal tobacco terminals
LockSimple

Oct 14, 2025

•

Square, CBA, NAB and Tyro ready to pull illegal tobacco terminals

A number of Payment Service Providers say they are actively working to identify and block illegal tobacco businesses and remove their POS terminal services.

Banks

Angry customers as CBA payments go down ... again
LockSimple

Oct 7, 2025

•

Angry customers as CBA payments go down ... again

Days after the Reserve Bank named payments resilience as a major priority for the next two years, the country’s biggest bank crashed its payments services for the second time in two weeks.

Digital & Online

+2

Deanne Bannatyne named new CEO at NAB’s HICAPS
LockSimple

Oct 7, 2025

•

Deanne Bannatyne named new CEO at NAB’s HICAPS

Deanne Bannatyne has taken over the top job at NAB’s healthcare payments specialist, HICAPS.

Fintech

+1

Fintech freeze deepens as ANZ kills 1835i, leaving future of key investments unclear
LockSimple

Oct 7, 2025

•

Fintech freeze deepens as ANZ kills 1835i, leaving future of key investments unclear

The decision to kill its venture arm reflects internal pressures, a deteriorating external environment and an uncertain future for ANZ-backed fintechs left standing.

Cash

+2

No detail as Deloitte report on cash distribution “finalised”
LockSimple

Oct 7, 2025

•

No detail as Deloitte report on cash distribution “finalised”

Deloitte Access Economics has provided their final "independent" pricing mechanism report to Armaguard, the major banks and some major retailers, with it announced on Friday without any detail.

Fintech

+2

PayPal, CBA and Stripe rack up most complaints at AFCA
LockSimple

Oct 7, 2025

•

PayPal, CBA and Stripe rack up most complaints at AFCA

In 2025 PayPal overtook CommBank in the volume of merchant complaints filed with the Australian Financial Complaints Authority. Official AFCA data also shows complaints were received from users of ANZ “merchant facilities” even though the bank exited merchant acquiring in 2022.

Cash

+6

A big first year – our biggest stories
LockSimple

Sep 30, 2025

•

A big first year – our biggest stories

PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.

Fintech

+1

Payments companies looking more like banks as they grow business loans
LockSimple

Sep 30, 2025

•

Payments companies looking more like banks as they grow business loans

In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.

Cash

+1

Pocket money payments up 300% ... but kids learn along the way
LockSimple

Sep 30, 2025

•

Pocket money payments up 300% ... but kids learn along the way

Inflation is hitting parents’ hip pockets, with new Westpac data revealing more than half of Australian children are earning on average $25 per week – roughly 300% more their parents did back in the day.

Fintech

+2

ANZ Worldline's Discover deal brings 378 million extra cards
LockSimple

Sep 23, 2025

•

ANZ Worldline's Discover deal brings 378 million extra cards

In his first major announcement since being appointed interim CEO at ANZ Worldline, John Collins, has sealed a deal that enables his merchant customers to accept millions of extra international cards.

Banks

+1

Bank Australia launches translucent recycled plastic cards
LockSimple

Sep 23, 2025

•

Bank Australia launches translucent recycled plastic cards

Bank Australia has launched a range of translucent credit and debit cards made from recycled plastic.

Merchant Service Fees

+3

Banks and card schemes rebuked over threats on fraud, fees and rewards
LockSimple

Sep 23, 2025

•

Banks and card schemes rebuked over threats on fraud, fees and rewards

Lobbyists at the Australian Banking Association (ABA) were left red faced this week after being roundly rebuked over their relentless public threats to throttle spending on fraud protection, discount rewards points and ramp up card fees.

Digital & Online

+4

Derelict devices put spotlight on AusPayNet
LockSimple

Sep 23, 2025

•

Derelict devices put spotlight on AusPayNet

For many years the Reserve Bank has set an expectation on financial institutions to improve the reliability of payment services. So, how is it that banks and other providers are able to sell or rent payment devices that don’t work or appear to break down easily?

Cash

+3

Payments complexity plagues SME productivity, report
LockSimple

Sep 23, 2025

•

Payments complexity plagues SME productivity, report

A new report details the hidden cost of payment complexity for Australian businesses in a digital world, with cash flow ranked the number one menace.

Digital & Online

+2

Westpac adopts Mastercard’s new virtual card via Oracle
LockSimple

Sep 16, 2025

•

Westpac adopts Mastercard’s new virtual card via Oracle

Mastercard has launched a new virtual card option for Australia corporates, with Westpac becoming the first to activate the solution for clients using Oracle Fusion Cloud Enterprise Resource Planning (ERP).

Fintech

+6

With no consensus on card fees and surcharging, will the public interest prevail?
LockSimple

Sep 16, 2025

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With no consensus on card fees and surcharging, will the public interest prevail?

If the Reserve Bank wants consensus on its proposal for merchant fees and surcharging, it’s a lost cause. The best the central bank can hope for is a decision in the public interest, leveraging strong sentiment on issues such as scheme fees, least-cost routing and the burden on small business.

Fintech

+1

Does ANZ’s fintech fire-sale signal the beginning of a trend?
LockSimple

Sep 9, 2025

•

Does ANZ’s fintech fire-sale signal the beginning of a trend?

ANZ has dumped three fintech bets in a matter of days, a sharp shift away from underperforming payments-led experimentation.

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