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Cards

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

Cards

When eftpos cuts rewards, will the global schemes win back market share?
LockSimple

May 6, 2026

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When eftpos cuts rewards, will the global schemes win back market share?

Australian Payments Plus is quietly switching off the eftpos card-matching engine that it said is declining and under-utilised. The result could push shoppers back to credit rails just as the Reserve Bank is trying to reduce costs in the system.

Digital & Online

+1

Brace yourselves! Big change coming for millions of Xero, MYOB and QuickBooks users
LockSimple

Apr 29, 2026

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Brace yourselves! Big change coming for millions of Xero, MYOB and QuickBooks users

Xero tells 1.7 million small businesses to buckle up, get ready and possibly hike prices ahead of two big payments changes – the surcharge ban and Payday Super.

Cards

EV giant Chargefox lands on WEX Motorpass, as Visa and Mastercard circle
LockSimple

Apr 29, 2026

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EV giant Chargefox lands on WEX Motorpass, as Visa and Mastercard circle

As competition from Visa and Mastercard in the Australian fleet card market intensifies, WEX Motorpass just became the first multi-brand fuel card to integrate EV charging with Chargefox which has partnerships with the likes of NRMA, RACV, RACQ, RAA, RAC, RACT, Coles, Woolworths, McDonalds and a network of councils and universities.

Merchant Service Fees

+2

Fee fog thickens as Visa and Mastercard sidestep parliamentary scrutiny
LockSimple

Apr 29, 2026

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Fee fog thickens as Visa and Mastercard sidestep parliamentary scrutiny

As the Reserve Bank moves to increase transparency on fees, the global card giants deflect detailed parliamentary questions on $2 billion in scheme fees. They have instead leaned on global narratives, while avoiding direct answers on Australian cost increases and merchant impacts.

Government

+1

INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal
LockSimple

Apr 29, 2026

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INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal

NSW commuters will see enhanced services, a new Opal app and the rollout of 25,000 new readers, under a $820m deal announced by the NSW Government yesterday. Officials compared the upgrade to replacing tech from “the start of the century such as the Blu-Ray Player and the first Blackberry”.

Cards

As fuel soars Visa and Mastercard take aim at Australia's fleet card market
LockSimple

Apr 22, 2026

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As fuel soars Visa and Mastercard take aim at Australia's fleet card market

The global payments giants are partnering with big banks like Westpac to move into territory long dominated by Fleet Card and WEX's Motorpass, and petrol station operators said the incumbents have had it too good for too long.

Regulation

+2

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program
LockSimple

Apr 22, 2026

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Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program

The Reserve Bank of New Zealand is keen to prioritise an account-to-account network but industry body Payments NZ is concerned that security issues should take priority.

Fintech

+2

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia
LockSimple

Apr 22, 2026

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Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia

Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.

Digital & Online

+3

Perfume and petrol: what two April data drops reveal about the Aussie wallet
LockSimple

Apr 22, 2026

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Perfume and petrol: what two April data drops reveal about the Aussie wallet

Experian's latest Business Pulse paints one picture of the Australian consumer. CommBank's March Household Spending Insights paints another. Read them side by side, and the shape of 2026 gets interesting fast.

Merchant Service Fees

+2

The NFC chip, the banks, and the distraction from the bigger payments fight
LockSimple

Apr 22, 2026

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The NFC chip, the banks, and the distraction from the bigger payments fight

As the Reserve Bank mulls over the scope of its second payments consultation, it must consider whether regulating Google and Apple will really produce a more resilient and efficient payments system for consumers and merchants, or just deliver a win for the banks?

Cards

+1

Transport for NSW delivers concession transit while Littlepay turns on Wellington tap
LockSimple

Apr 22, 2026

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Transport for NSW delivers concession transit while Littlepay turns on Wellington tap

While Melbourne’s myki tap and go transit payments trial continues, a local fintech has delivered a working system to New Zealand’s capital Wellington in just 6 months. Meanwhile, NSW has finally delivered a tap option for concession travellers.

Merchant Service Fees

+3

Wake up! Only 162 days before surcharge ban kicks in
LockSimple

Apr 22, 2026

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Wake up! Only 162 days before surcharge ban kicks in

With just 162 days left until the first round of changes to Australia’s retail payment system, the payments industry is having mixed reactions to the most significant changes in a generation, but you wouldn’t know it.

Merchant Service Fees

+2

ACCC takes on Mastercard in Federal Court
LockSimple

Apr 15, 2026

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ACCC takes on Mastercard in Federal Court

The ACCC's landmark competition case against Mastercard opened in the Federal Court on Monday, with senior counsel for the regulator, John Sheahan, walking Justice Wigney through the evidence.

Fintech

+2

Accommodation providers look for cheaper pay options in wake of surcharge ban
LockSimple

Apr 15, 2026

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Accommodation providers look for cheaper pay options in wake of surcharge ban

With Australia's planned ban on card surcharges set to take effect on 1 October, GoCardless said accommodation providers are seeking lower-cost payment alternatives to protect margins.

A2A

+1

Bank lobby conflates NPP costs with cards fees ... and threatens more fees!
LockSimple

Apr 15, 2026

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Bank lobby conflates NPP costs with cards fees ... and threatens more fees!

Small businesses and cardholders might soon be paying higher card fees to help the big banks’ build the New Payments Platform (NPP) and defend their profits from multinationals, according to bank lobbyists.

Cards

Bowser bandits target fuel cards and petrol pumps
LockSimple

Apr 15, 2026

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Bowser bandits target fuel cards and petrol pumps

Desperate motorists have resorted to stealing fuel cards from rental cars or simply speeding off without paying for petrol.

Cash

+5

Cash still growing as ATM withdrawals hit a six-year high and debit surges
LockSimple

Apr 15, 2026

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Cash still growing as ATM withdrawals hit a six-year high and debit surges

ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.

Merchant Service Fees

+1

Commercial card printing frenzy as banks chase interchange
LockSimple

Apr 15, 2026

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Commercial card printing frenzy as banks chase interchange

The RBA's commercial card carve-out has handed banks, schemes and loyalty programs a licence to hunt 4m ABN holders in Australia to fill $910m revenue hole.

Fintech

+2

Shift4 in the frame as Cuscal moves on NZ Paymark
LockSimple

Apr 15, 2026

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Shift4 in the frame as Cuscal moves on NZ Paymark

Cuscal is buying New Zealand’s answer to eftpos - Paymark – in a deal that may secure a brighter future for one of its biggest customers, Shift4, in the land of the long white cloud.

Merchant Service Fees

+2

The RBA killed the one tool that could help SMEs navigate the surcharge ban
LockSimple

Apr 15, 2026

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The RBA killed the one tool that could help SMEs navigate the surcharge ban

The Reserve Bank, the same regulator that banned surcharging, has also killed the idea of a payments comparison website, the one tool that would have let small businesses actually shop around for a better deal on card acceptance fees. And it did so despite Australia's biggest bank offering to pay for it.

Regulation

+2

Citizens left holding the bill as the government undermines its payments reform agenda
LockSimple

Apr 8, 2026

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Citizens left holding the bill as the government undermines its payments reform agenda

As Canberra bans surcharges in October, a glaring loophole has been left open that hands NAB the country's biggest commercial card windfall. Taxpayers will be forced to cover the cost of expensive corporate credit cards used to pay for government services, while public servants will inflict pain on small businesses every time they open their wallets, forcing up prices.

Fintech

+3

Game on. PSPs and acquirers fight to survive in a post-surcharge world
LockSimple

Apr 8, 2026

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Game on. PSPs and acquirers fight to survive in a post-surcharge world

Ahead of what is likely to be the biggest Payment Service Provider (PSP) and acquiring market shakeup in decades, Tyro, Zeller, Westpac and CBA are already wooing customers for the post-surcharging world, while ANZ remains mum on its plans for ANZ Worldline.

Merchant Service Fees

+2

“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban
LockSimple

Apr 8, 2026

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“Own goal”: 87% of Aussies brace for 3.5% price hike after surcharge ban

New research from Money.com.au reveals that just one-third of Australians support the government's surcharge ban, with 87% expecting retailers to respond by raising prices, potentially triggering a fresh inflation spike at the worst possible time.

Cash

+4

"The fees don't disappear": voices calling foul on Australia's surcharge ban
LockSimple

Apr 8, 2026

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"The fees don't disappear": voices calling foul on Australia's surcharge ban

Over the past week, commentary from across industry - Brad Kelly, the co-founder of the Independent Payments Forum (IPF), John Arnott, Director of AMP Bank Go, Jason Bryce, a Melbourne-based financial journalist and founder of CashWelcome.org, and Dr Fei Gao, Lecturer from the University of Sydney Business School - has highlighted the level of concern about the RBA’s decision during a period of high inflation and economic uncertainty.

Fintech

+3

Fintechs grapple with stark no-surcharge future
LockSimple

Apr 1, 2026

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Fintechs grapple with stark no-surcharge future

Following the Reserve Bank’s no surcharge decision, a gaggle of well-known fintechs including Zeller, Shift4, Zero, PayNuts, Square and Tyro may need to rebuild their business models and, in some cases, technology stacks, or risk losing massive market share back to the big banks.

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