Logo
PAYDAY NEWS
Search
HOME
TOPICS
ARCHIVE
ABOUT US
ADVERTISE WITH US
LOGIN
UPGRADE
Logo
PAYDAY NEWS

Regulation

News on regulation, including from Treasury, the RBA, ACCC, AUSTRAC and other authorities

Regulation

+1

RBA's next payments war set to engulf Apple, Amex, BNPL and Big Tech
LockSimple

Jun 24, 2026

•

RBA's next payments war set to engulf Apple, Amex, BNPL and Big Tech

A new Reserve Bank review set to land tomorrow will open a fresh front on the payments battleground before merchants and the industry have recovered from the interchange and surcharge shock.

Regulation

Amex ordered to compensate customer after privacy breach
LockSimple

Jun 17, 2026

•

Amex ordered to compensate customer after privacy breach

The Australian Privacy Commissioner has ordered American Express Australia to compensate a customer, apologise and strengthen internal controls after finding the card issuer failed to adequately protect personal information from unauthorised employee access.

Regulation

ASX admits CHESS claims misled market, faces $20.5m penalty
LockSimple

Jun 17, 2026

•

ASX admits CHESS claims misled market, faces $20.5m penalty

The Australian Securities and Investments Commission (ASIC) has struck a proposed settlement with ASX Limited after the market operator admitted it misled investors about the progress of its troubled CHESS replacement project.

Digital & Online

+1

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

Jun 10, 2026

•

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.

Regulation

+1

Industry considers who pays when PayTo goes wrong
LockSimple

Jun 10, 2026

•

Industry considers who pays when PayTo goes wrong

More than 30 payment providers met with Australian Payments Plus (AP+) on Friday, as Revolut’s recent zombie fraud issue pushed PayTo's awkward liability question out of conference panels and into the operator's boardroom.

Regulation

+1

Inside a Telstra impersonation scam that hit a Sydney grandmother
LockSimple

Jun 10, 2026

•

Inside a Telstra impersonation scam that hit a Sydney grandmother

I'm writing about this scam because the mechanics of it map almost perfectly onto the scam categories regulators are now trying to price into law, and because the loss landed at a number, $3,000, that's about to mean something very specific under Australian rules. It’s also a case of a person’s brain being hacked, and not their phone!

Digital & Online

+1

RBA signs off on RITS review as overhaul gathers pace
LockSimple

Jun 10, 2026

•

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.

Merchant Service Fees

+4

The RBA hasn't banned surcharges — and the difference matters
LockSimple

Jun 10, 2026

•

The RBA hasn't banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — and that's a surcharge nobody agreed to.

Regulation

+1

QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA
LockSimple

Jun 3, 2026

•

QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA

Continuing investment and marketing spend on QR, Crypto and PayTo payments have failed to convince consumers to walk away from the convenience and speed of traditional cards, according to the Reserve Bank of Australia’s latest Consumer Payment Behaviour Survey. But PayID is bucking the trend and starting to take off.

Regulation

Record electric vehicle sales as the bowser bites family budgets
LockSimple

Jun 3, 2026

•

Record electric vehicle sales as the bowser bites family budgets

Boasting nearly $700 a year savings, the switch to electric vehicles has never looked so good for Aussies amid the Middle East conflict-induced petrol price hikes.

Fintech

+1

From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition
LockSimple

May 27, 2026

•

From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition

ASIC is preparing a pathway for payments fintechs and platforms like Stripe, Block, PayPal and Tyro to ramp up competition with banks in the increasingly hot business lending market and Buy Now Pay Later.

Regulation

+2

ACCC assesses competition impact of Mastercard’s BVNK acquisition
LockSimple

May 20, 2026

•

ACCC assesses competition impact of Mastercard’s BVNK acquisition

The ACCC has called for submissions about the potential competition impacts of Mastercard’s proposed $1.8 billion acquisition of stablecoin infrastructure company BVNK.

Cash

+3

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

May 20, 2026

•

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.

Fintech

+1

CGT reform fears spark fintech founder backlash over innovation exodus
LockSimple

May 20, 2026

•

CGT reform fears spark fintech founder backlash over innovation exodus

Australia’s fintech sector has warned proposed capital gains tax reforms could cripple startup investment, weaken employee equity incentives and push founders, talent and capital offshore just as global competition for technology innovation intensifies.

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

•

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.

Cash

+1

ACCC and RBA to step up in cash distribution role
LockSimple

May 6, 2026

•

ACCC and RBA to step up in cash distribution role

Whilst the new pricing model for Armaguard continues to be delayed, Treasury is requesting feedback on a cash distribution bill, one that assigns new powers to the ACCC and RBA to ensure the sustainability of cash services in Australia.

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

•

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.

Digital & Online

+1

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

Apr 29, 2026

•

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.

Merchant Service Fees

+2

Fee fog thickens as Visa and Mastercard sidestep parliamentary scrutiny
LockSimple

Apr 29, 2026

•

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.

Digital & Online

+1

ASX finally live with $125m CHESS Release 1
LockSimple

Apr 22, 2026

•

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.

Cash

+1

Cash use trending up and “essential”: RBA
LockSimple

Apr 22, 2026

•

Cash use trending up and “essential”: RBA

With $107 billion in cash notes circulating in the economy, the Reserve Bank reaffirms its commitment to “ensure cash remains a viable means of payment". New data shows around half of Australians use cash every week, and about 1.5 million adults rely on it as their main form of payment.

Regulation

+2

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

Apr 22, 2026

•

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.

Merchant Service Fees

+4

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

Apr 22, 2026

•

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

•

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.

Merchant Service Fees

+2

Schemes allow surcharging in the US as RBA shuts the door here
LockSimple

Apr 15, 2026

•

Schemes allow surcharging in the US as RBA shuts the door here

In a cruel irony for Australian small businesses, Mastercard and Visa have changed the rule book in the US to allow surcharging on credit cards, just as the Reserve Bank of Australia bans the practice in Australia.

Load more

LinkedIn
Subscription Terms
Privacy Policy
Manage Profile

© 2026 Sapphire Executive Business Services.
beehiivPowered by beehiiv