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Digital & Online

News about payments in the online and digital space

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+1

RBA downgrades RITS governance
LockSimple

Jun 24, 2026

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RBA downgrades RITS governance

The Reserve Bank's new RITS assessment drops governance to "partly observed", admits the post-2022 clean-up is running slow, and concedes the system will miss a reliability target it set for itself.

Digital & Online

+1

Australians yawn at CBDC as RBA explores future of digital money
LockSimple

Jun 10, 2026

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Australians yawn at CBDC as RBA explores future of digital money

Australians are more interested in solving real-world payment frustrations than adopting a digital version of the Australian dollar, according to early findings discussed by the Reserve Bank's Payments System Board.

Digital & Online

+1

RBA signs off on RITS review as overhaul gathers pace
LockSimple

Jun 10, 2026

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RBA signs off on RITS review as overhaul gathers pace

The Reserve Bank's Board has approved a fresh review of Australia's critical settlement system, with the findings set to be released as work ramps up on a major modernisation program for the payments' backbone.

Digital & Online

+1

ATO urging business to act now on Payday Super
LockSimple

Jun 3, 2026

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ATO urging business to act now on Payday Super

With less than 4 weeks until Payday Super becomes mandatory for Australian businesses, the ATO is urging employers to act now.

Digital & Online

+2

Kiwibank leads NZ business open banking while BlinkPay completes real time test
LockSimple

Jun 3, 2026

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Kiwibank leads NZ business open banking while BlinkPay completes real time test

Beating a raft of Aussie banks including Westpac and ANZ, Kiwibank has become the first bank in New Zealand to roll out open banking through all its digital channels for both individual and business customers, six months ahead of its regulatory deadline.

Fintech

+2

Worldline stays in the frame after finalising divestment of Paymark to Cuscal
LockSimple

Jun 3, 2026

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Worldline stays in the frame after finalising divestment of Paymark to Cuscal

Worldline has finalised the divestment of New Zealand’s iconic EFTPOS player, Paymark, to Cuscal for $27.5 million ... but the troubled European payments services business will continue to provide tech and software to Cuscal during a transition phase.

Digital & Online

Novatti helps UNSW expand payment options for Chinese students
LockSimple

May 27, 2026

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Novatti helps UNSW expand payment options for Chinese students

A top Australian university has partnered with Novatti to integrate Chinese payment platform Alipay and make fee payments more accessible for international students.

Digital & Online

+1

Ordermentum secures $55m backing to scale AI-powered infrastructure
LockSimple

May 27, 2026

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Ordermentum secures $55m backing to scale AI-powered infrastructure

Hospitality ecommerce startup Ordermentum has attracted a $55 million investment to support the company’s next phase of growth, including AI deployment and targeted acquisitions.

Merchant Service Fees

+3

Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours
LockSimple

May 27, 2026

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Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Virgin is quickly following Qantas into package tours and non-card partners as it moves to counter cuts to interchange and the card surcharging ban ahead of their implementation on October 1.

Cash

+3

Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%
LockSimple

May 20, 2026

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Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%

Bank reporting of illegal tobacco to AUSTRAC is ramping up and starting to have real world impacts, with suspect funds being confiscated after accounts were flagged by ANZ and Westpac. But there is a lot more to be done ... stores remain open and the trade continues to shift online, as illicit alcohol looms as the next big underworld threat.

Digital & Online

+1

Project Acacia closes with a quiet pivot: existing rails could do most of the wholesale CBDC's job
LockSimple

May 20, 2026

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Project Acacia closes with a quiet pivot: existing rails could do most of the wholesale CBDC's job

Project Acacia concludes that Australia's existing payments and settlement infrastructure can carry most of the load a production wholesale central bank digital currency was expected to, if industry coordinates. Unsurprisingly, Australian Payments Plus, one of 13 lead industry organisations on the project, and owner of the New Payments Platform (NPP), has come to the same view.

Digital & Online

+2

CBA’s lucrative NSW transport acquiring deal remains in place for now
LockSimple

May 13, 2026

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CBA’s lucrative NSW transport acquiring deal remains in place for now

The NSW Government’s decision to swap out its Opal providers has flow on effects to the current provider Cubic and its partners, but not Commonwealth Bank acquiring ... for now.

Cash

+5

Merchant fees hit record highs as card spending surges
LockSimple

May 13, 2026

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Merchant fees hit record highs as card spending surges

Visa and Mastercard credit card merchant fees both reached 0.99% in the March quarter - the highest levels on record - while debit fees also climbed sharply. The increases come as card spending hit historic highs, with credit up 12% and debit surging 15% year-over-year, putting additional pressure on retailers already facing margin compression.

Fintech

+1

Online gambling bans to impact PSPs and fintechs
LockSimple

May 13, 2026

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Online gambling bans to impact PSPs and fintechs

Payment Service Providers (PSPs) and fintechs are likely to lose a raft of lucrative customers after the Prime Minister announced that bans on online gambling products are being strengthened.

Digital & Online

+1

ANZ introduces streamlined international money transfers
LockSimple

May 6, 2026

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ANZ introduces streamlined international money transfers

ANZ said sending money overseas may be safer, simpler and faster thanks to its upgraded International Money Transfers feature on ANZ Plus.

Digital & Online

Apple's $31B services record that may worry the banks
LockSimple

May 6, 2026

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Apple's $31B services record that may worry the banks

Apple's services line just posted its biggest quarter ever - $31 billion and rising. For payments people, that single number tells you everything about where John Ternus is steering the company.

Digital & Online

+1

NAB card switch moving to the cloud
LockSimple

May 6, 2026

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NAB card switch moving to the cloud

NAB has started building a new cloud-based payments switch and intends to begin migrating its entire acquiring operation next year.

Digital & Online

Two-thirds of Aussie businesses embracing “social selling”
LockSimple

May 6, 2026

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Two-thirds of Aussie businesses embracing “social selling”

Social commerce is on the rise with both consumers and businesses turning to the platforms to buy and sell goods, according to a new study from PayPal.

Digital & Online

+1

10,000 pages of law and $140 billion in wages: inside Employment Hero's AI co-employment play
LockSimple

Apr 29, 2026

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10,000 pages of law and $140 billion in wages: inside Employment Hero's AI co-employment play

As Payday Super looms, Employment Hero is banking on AI to help streamline workforces and create return on investment.

Fintech

+1

Adyen partnership sees big savings for 1Cover
LockSimple

Apr 29, 2026

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Adyen partnership sees big savings for 1Cover

Travel insurer 1Cover claims a $35,000 saving by streamlining its payments stack through Adyen partnership.

Digital & Online

+1

ANZ Buys Out Worldline's 51% Stake in Merchant Payments Joint Venture
LockSimple

Apr 29, 2026

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ANZ Buys Out Worldline's 51% Stake in Merchant Payments Joint Venture

ANZ has pulled the trigger. The bank announced today it's entered a binding agreement to acquire Worldline S.A.'s 51% share in ANZ Worldline, the Melbourne-headquartered merchant payments joint venture that's been running since 2022.

Digital & Online

+1

Apple Pay “tax” row intensifies as inquiry evidence collides
LockSimple

Apr 29, 2026

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Apple Pay “tax” row intensifies as inquiry evidence collides

Inquiry evidence has sharpened the fight over Apple Pay fees, with banks warning of competitive barriers while the RBA’s own cost framework appears to entrench wallet charges.

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.

Digital & Online

Inside the transaction engine: Coles conquers online liquor delivery with Omnivore
LockSimple

Apr 29, 2026

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Inside the transaction engine: Coles conquers online liquor delivery with Omnivore

How Omnivore kept 985 Coles Liquor stores running through Christmas without a hitch.

Digital & Online

+1

ASX finally live with $125m CHESS Release 1
LockSimple

Apr 22, 2026

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ASX finally live with $125m CHESS Release 1

After years of regulatory pressure and a significant system crash, the ASX is finally live with CHESS Release 1, with all Approved Market Operators advised they were successfully connected this week.

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