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Cards

News about card payments, including debit, credit and pre-paid cards

Cash

+3

Alan Townsend appointed CEO of EFTEX
LockSimple

Feb 4, 2026

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Alan Townsend appointed CEO of EFTEX

Australian-based payments services provider EFTEX has announced Alan Townsend as their new Chief Executive Officer.

A2A

+2

AP+ scales up cybersecurity defences
LockSimple

Feb 4, 2026

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AP+ scales up cybersecurity defences

Australian Payments Plus (AP+) is bulking up its cyber security and fraud capabilities across its critical infrastructure, as Australia comes under increasing threat from bad actors.

Digital & Online

+2

Australia’s near $1 billion card fraud problem sees only slight decline
LockSimple

Feb 4, 2026

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Australia’s near $1 billion card fraud problem sees only slight decline

Despite significant industry action to reduce card fraud, the endemic problem is still costing Australia more than $850 million a year – mainly due to criminal activity on overseas websites, according to the latest AusPayNet data.

Fintech

+2

Growing pains. Square wants scheme regulation as it expands market focus
LockSimple

Feb 4, 2026

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Growing pains. Square wants scheme regulation as it expands market focus

The US-based group is celebrating 10 years in the Australian market and says more regulation is needed on card schemes as it shifts gears to chase bigger merchants.

AI

+1

Mastercard rollout shows AI shopping has reached the checkout
LockSimple

Feb 4, 2026

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Mastercard rollout shows AI shopping has reached the checkout

The card schemes are racing to embed themselves in the surging AI shopping universe, with multiple players scrambling to reap fees and other benefits from a new payments ecosystem.

Regulation

+1

Show me the money! Supermarket rewards face new disclosures
LockSimple

Feb 4, 2026

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Show me the money! Supermarket rewards face new disclosures

Loyalty programs at Woolworths and Coles could be subject to additional regulation, forcing the grocery giants to explain the monetary value of rewards points every six months.

Government

+1

Victoria’s $1.7B late open loop transport finally ... in testing!
LockSimple

Jan 28, 2026

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Victoria’s $1.7B late open loop transport finally ... in testing!

After three long years, delays, overruns and a $1.7 billion spend, Victorians are finally a step closer to “testing” their credit and debit cards on public transport – but it’s going to a be a slow rollout.

Merchant Service Fees

+2

Will American Express cop more regulation?
LockSimple

Jan 28, 2026

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Will American Express cop more regulation?

The combination of the RBA review into card fees and the House inquiry into credit cards and digital payments have increased calls to beef up the regulation of American Express in Australia.

Digital & Online

+2

B2B virtual cards – risk tool and growth engine
LockSimple

Jan 21, 2026

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B2B virtual cards – risk tool and growth engine

The inherent risks associated with the booming digital economy have birthed a fast growing, lucrative and almost invisible payments ecosystem in business to business (B2B) virtual card payments and AI tools.

Fintech

+3

Square using machine learning and AI to cut off illicit tobacco
LockSimple

Jan 21, 2026

•

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

+1

Thredd and Paywith power grocery loyalty and rewards on prepaid
LockSimple

Jan 21, 2026

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Thredd and Paywith power grocery loyalty and rewards on prepaid

Thredd is partnering with Sydney-based payment orchestration platform Paywith to launch a new prepaid card program for loyalty and rewards with a “large Australian grocery retailer”.

Cash

+3

Australian card payments cross $1.1 trillion milestone
LockSimple

Jan 14, 2026

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Australian card payments cross $1.1 trillion milestone

Australian card payment volumes have crossed the $1.1 trillion threshold for the first time, reaching $1.105 trillion over the past 12 months. The milestone reflects continued growth in consumer card usage.

Merchant Service Fees

+2

Credit card companies face Canberra scrutiny in early 2026 as Trump calls for US interest rate cap
LockSimple

Jan 14, 2026

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Credit card companies face Canberra scrutiny in early 2026 as Trump calls for US interest rate cap

As the Australian Parliament readies for its first inquiry into credit cards in over a decade, US President Donald Trump has called for a one-year cap on credit card interest rates at 10 per cent.

Fintech

+2

Merchant Warrior takes on Asia with Nomupay partnership
LockSimple

Jan 14, 2026

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Merchant Warrior takes on Asia with Nomupay partnership

Brisbane-based payment gateway Merchant Warrior has announced a partnership with global fintech Nomupay to bring its platform to customers in Hong Kong, Thailand, Malaysia, and the Philippines.

Fintech

+2

Strapped for cash? Sports sponsorship payments influence that never shows up in the register
LockSimple

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.

Digital & Online

+2

Aussie eftpos moves on outage risks with Stand-in Processing but will card issuers play?
LockSimple

Jan 7, 2026

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Aussie eftpos moves on outage risks with Stand-in Processing but will card issuers play?

In an increasingly less-cash world, Australia’s domestic card network eftpos has moved to reduce the impact of bank outages with a new Stand-in Processing feature - but will card issuers be willing to wear the risk?

Digital & Online

+1

Airlines lead Christmas loyalty frenzy as DJs backpedals on window displays
LockSimple

Dec 17, 2025

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Airlines lead Christmas loyalty frenzy as DJs backpedals on window displays

With the RBA interchange cut coming down the pipe next year, shoppers are being tempted this Christmas with a myriad of offers to join a growing range of loyalty schemes.

Fintech

+2

Airwallex takes on Square, PayPal, Stripe and Adyen with global omnichannel POS play
LockSimple

Dec 17, 2025

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Airwallex takes on Square, PayPal, Stripe and Adyen with global omnichannel POS play

Aussie-born payments outfit Airwallex is about to venture into the POS terminal market globally, with a slick new machine to take on big players like Square, PayPal, Stripe and Adyen in 2026.

Fintech

+4

Blockley hangs up his payments consulting hat
LockSimple

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.

Cash

+12

Massive year in payments but 2026 looms even larger
LockSimple

Dec 17, 2025

•

Massive year in payments but 2026 looms even larger

There will be little rest for the payments industry this summer, as businesses, regulators and lawmakers get ready for a raft of big changes in the New Year. In the final edition of PayDay News for 2025, we look at the big changes this year, and what to expect in 2026.

Fintech

+2

Mint Payments partners with Zip Co to add flexible payment options for travel merchants
LockSimple

Dec 17, 2025

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Mint Payments partners with Zip Co to add flexible payment options for travel merchants

Mint Payments and Zip Co have partnered to introduce flexible payment options for travel bookings across Mint’s merchant network.

Merchant Service Fees

+3

Chargeback fees surge as AI reshapes online payments and merchants bear the cost
LockSimple

Dec 10, 2025

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Chargeback fees surge as AI reshapes online payments and merchants bear the cost

Bank disputes processes are giving way to automated, opaque and more expensive fintech systems, costing merchants big dollars in fees as online sales boom.

Government

+1

Ciggies cheaper than ‘90s, as payments industry dawdles and ABS commits to collect data
LockSimple

Dec 10, 2025

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Ciggies cheaper than ‘90s, as payments industry dawdles and ABS commits to collect data

Despite promises from the payments industry to crack down on illicit tobacco sellers, punters can still use their cards to purchase a packet of illegal cigarettes, cheaper today than they were more than a quarter of century ago when Paul Keating was PM and Nirvana’s Smells Like Teen Spirit topped Australia’s Hot 100.

Digital & Online

+3

Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high
LockSimple

Dec 10, 2025

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Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high

Credit card companies Visa and Mastercard will join digital wallet providers Apple Pay and Google Pay to front a new parliamentary inquiry in 2026, as Australia’s revolving credit card debt and online spending soars to new highs.

Cash

+2

Device-not-present transactions account for 85% of card payment growth
LockSimple

Dec 10, 2025

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Device-not-present transactions account for 85% of card payment growth

The dominance of device-not-present payments continues to reshape the Australian payments landscape. The latest RBA data shows that of the $107.4 billion increase in annual card spend over the past year, $90.8 billion, 84.6% of total growth, has come from online shopping, bill payments and subscriptions.

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