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Cash

News about cash usage in Australia

Cash

+1

Cash strike hits Spring Carnival, as ACCC green lights continued collaboration
LockSimple

Oct 28, 2025

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Cash strike hits Spring Carnival, as ACCC green lights continued collaboration

Strike action from cash-in-transit workers hit the Spring Racing Carnival just days after the ACCC has issued a draft determination green lighting the Australian Banking Association (ABA) and other industry partners to develop ways to ensure the continued distribution of cash across Australia.

Cash

+2

CBA adopts QR cardless cash at ATMs to increase security
LockSimple

Oct 21, 2025

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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.

Cash

+1

Medicines and government services don’t qualify as “essential” under draft cash mandate rules
LockSimple

Oct 21, 2025

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Medicines and government services don’t qualify as “essential” under draft cash mandate rules

Only fuel and groceries have been classified as “essential purchases” under draft regulations released for comment on Friday, with medicines, government services and clothing among items failing to qualify.

Cash

+1

Regional disadvantage key in cash submissions, but major players keep their views secret
LockSimple

Oct 21, 2025

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Regional disadvantage key in cash submissions, but major players keep their views secret

After eight months in seeming purgatory, the mandating cash acceptance submissions are now available for viewing, but with major banks and retailers missing, it’s hard to decipher whose opinions on cash Treasury values.

Cash

+2

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

Oct 7, 2025

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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.

Cash

+5

Online set to dominate card transactions by end of 2026
LockSimple

Oct 7, 2025

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Online set to dominate card transactions by end of 2026

The latest RBA payments data reveals Australian card spending retreated to $92 billion in August, while device-not-present transactions broke through 45% of total payments for the first time, putting online and bill payments on track to dominate by end of 2026.

Cash

+6

A big first year – our biggest stories
LockSimple

Sep 30, 2025

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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.

Cash

+1

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

Sep 30, 2025

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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.

Cash

+5

RBA outlines action plan on payments resilience
LockSimple

Sep 30, 2025

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RBA outlines action plan on payments resilience

The Reserve Bank has outlined an action plan to improve payments resilience over the next two years as outages continue to rock public confidence in the system.

Cash

+3

'Bestie Tax' bites Australian generosity, PayPal data shows
LockSimple

Sep 23, 2025

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'Bestie Tax' bites Australian generosity, PayPal data shows

Paypal has revealed the true impact of the ‘Bestie Tax’ – the silent cost of sparing friends’ feelings at the expense of your own wallet.

Cash

+3

Payments complexity plagues SME productivity, report
LockSimple

Sep 23, 2025

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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.

Cash

+5

Regulators close to cash fix, and flag consultation on Amex, BNPL and Apple Pay
LockSimple

Sep 23, 2025

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Regulators close to cash fix, and flag consultation on Amex, BNPL and Apple Pay

Financial regulators are close to recommending a way forward for cash distribution in Australia, reiterating that hard currency remains an essential part of the economy and cash in circulation is at record highs. In the meantime, they have flagged yet another consultation - this time on Amex, BNPL and mobile wallets.

Cash

+5

Soaring merchant fees stoke boom in payments advisers
LockSimple

Sep 16, 2025

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Soaring merchant fees stoke boom in payments advisers

The opacity of merchant fee pricing across the globe is spawning a wave of litigation and burgeoning demand for payments experts. One of the world’s largest merchant advisory groups, BB Merchant Services, says it is expanding its presence in the Australian market.

Cash

+2

Debit spend up, while credit pays the bills
LockSimple

Sep 9, 2025

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Debit spend up, while credit pays the bills

July's RBA payment data, released on Monday, reveals diverging trends: credit cards struggle in-store but dominate bill payments, while strong debit card growth suggests returning consumer confidence in discretionary spending.

Cash

atmwest expands in Australia and Mauritius
LockSimple

Aug 12, 2025

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atmwest expands in Australia and Mauritius

atmwest is expanding its services into Australia’s larger cities and overseas - to the island nation of Mauritius.

Cash

+2

Monthly payments data report
LockSimple

Aug 12, 2025

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Monthly payments data report

The RBA released its retail payments data as at June 2025 on August 7, showing declines in in-store credit card spending and New Payments Platform (NPP) growth moderating.

Cash

+1

Small businesses face massive trek when Bendigo closes last branch on Tasmania’s West Coast
LockSimple

Aug 5, 2025

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Small businesses face massive trek when Bendigo closes last branch on Tasmania’s West Coast

More than 14 months after a government inquiry made a series of recommendations about regional branch closures, the only action has been a publicity stunt by the Australian Banking Association.

Cash

+1

Westpac still spruiking special fee offer to new business customers even though it will be scrapped in a few weeks
LockSimple

Aug 5, 2025

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Westpac still spruiking special fee offer to new business customers even though it will be scrapped in a few weeks

Westpac will slash the entitlements of business customers to free staff-assisted transaction services at the end of August. But that hasn’t stopped the bank from using the offer to lure new customers.

Cash

+2

Cash essential says ACCC while banks spruik digital
LockSimple

Jul 29, 2025

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Cash essential says ACCC while banks spruik digital

The ACCC reiterated the vital role that cash plays in the Australian economy at a banking conference in Sydney last week, while the big banks celebrated the rise of digital payments.

Cash

+3

Laxale and Husic to liven up new-look economics committee
LockSimple

Jul 29, 2025

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Laxale and Husic to liven up new-look economics committee

Free digital payments campaigner Jerome Laxale MP is returning to the Standing Committee on Economics, alongside the new Chair and former Industry and Science Minister, Ed Husic.

Cash

+3

Next Payments pulls ATMs from illegal tobacco stores but bank POS terminals remain
LockSimple

Jul 22, 2025

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Next Payments pulls ATMs from illegal tobacco stores but bank POS terminals remain

Despite not being subject to AUSTRAC rules, Next Payments has taken its own initiative on illegal tobacco, shaming banks and others that continue to provide terminals. CEO Tim Wildash simply says, "no (tobacco) licence, no ATM".

Cash

+1

Another consultation on cash announced
LockSimple

Jul 17, 2025

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Another consultation on cash announced

Cash has again become a hot topic this week with the Council of Financial Regulators and the ACCC releasing a consultation paper on cash distribution.

Cash

+1

Authentic Security gets ACCO status, whilst Armaguard gets another lifeline
LockSimple

Jul 15, 2025

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Authentic Security gets ACCO status, whilst Armaguard gets another lifeline

Authentic Security has confirmed its status as an Approved Cash Centre Operator (ACCO) after it was given the green light by the Reserve Bank on July 1st. The announcement coincides with Armaguard being awarded another $25 million lifeline.

Cash

+2

The thorny acronyms of criminals and payments: ATMs, POS and KYC
LockSimple

Jul 15, 2025

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The thorny acronyms of criminals and payments: ATMs, POS and KYC

The Australian payments system is wrestling with a multi-pronged crime problem: trying to clean up old-fashioned ATMs and point of sale (POS) terminals in illegal tobacco and vape stores, while struggling to corral a new breed of crypto ATMs that are quietly multiplying and also attracting criminals.

Cash

+3

Australia’s record credit card surge hides a surprising twist
LockSimple

Jul 8, 2025

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Australia’s record credit card surge hides a surprising twist

Credit card spending just hit a two-year high, but the real story isn't about consumers. It's about businesses on the brink.

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