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FinTechFinTech
+3+3
Sir John to advise on Bolt’s fintech charge
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Sir John to advise on Bolt’s fintech charge

Former New Zealand Prime Minister, Sir John Key, has joined Bolt Group’s Advisory Board as Chair, as the latest high-profile appointment to the fledgling Australian FinTech.

PSPPSP
+3+3
Fiserv in the Clover over Aussie small business potential
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Fiserv in the Clover over Aussie small business potential

Fiserv is finally launching it payments solution Clover in Australia, going head to head with the banks, Square, Tyro, Smartpay, Zeller and Stripe in the small business market.

PSPPSP
+5+5
RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue
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RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue

The Reserve Bank of Australia (RBA) has told a large industry forum in Sydney that it has “significant and ongoing” concerns about small businesses having to pay much higher fees for card processing than big business.

CybercrimeCybercrime
+1+1
Swinburne and KordaMentha launch Financial Crime Lab in Hawthorn
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Swinburne and KordaMentha launch Financial Crime Lab in Hawthorn

Swinburne University of Technology and KordaMentha have launched a new Financial Crime Lab in Hawthorn Victoria to help Australia’s fight against billions of dollars worth of financial crime.

GovernmentGovernment
+2+2
We're too ashamed to talk about scams, says survey
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We're too ashamed to talk about scams, says survey

Only 8 per cent of Australians say they would be comfortable talking to their family about being scammed, a new Commonwealth Bank survey reveals.

PSPPSP
+6+6
AUSTRAC expects payments industry to know and report illegal tobacco sellers
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AUSTRAC expects payments industry to know and report illegal tobacco sellers

AUSTRAC has warned elements of the payments industry currently supplying payments terminals and ATMs to illegal tobacco shops that it expects them to follow the law, know their customers and report illegal transactions.

PSPPSP
+4+4
Bolt welcomes new Chair, David Foster
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Bolt welcomes new Chair, David Foster

Former Suncorp Bank CEO, and Chair of Bendigo and Adelaide Bank Chair and Youi Insurance, David Foster, is now taking on a new role as Chair of payments outfit, the Bolt Group (Bolt).

NPPNPP
+3+3
Industry urged to consider the national interest with NPP migration
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Industry urged to consider the national interest with NPP migration

In Sydney this week, a packed room of Australian payments industry heavyweights was asked to pull together to ensure the New Payments Platform (NPP) delivers value for money and is in the national interest.

ACCCACCC
+4+4
Supermarket inquiry was a missed opportunity on payments competition
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Supermarket inquiry was a missed opportunity on payments competition

The final report for the ACCC's supermarkets inquiry was a missed opportunity to shine the spotlight on unfair card fees paid by Australian small businesses, says the Australian Association of Convenience Stores (AACS).

GovernmentGovernment
+2+2
Tap and go payments arrive on some regional NSW and Qld buses
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Tap and go payments arrive on some regional NSW and Qld buses

The NSW Government is rolling out tap and go payment options to 400 town bus services throughout regional NSW.

RegulationRegulation
+2+2
Australia regulates Crypto to unleash opportunities, while Washington moves to make the US the “Bitcoin superpower”
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Australia regulates Crypto to unleash opportunities, while Washington moves to make the US the “Bitcoin superpower”

Just after US President Donald Trump highlighted his very public support for cryptocurrency, the Australian Government has moved to regulate and “provide clarity and certainty to the digital assets sector”.

GovernmentGovernment
+3+3
Federal Government debit surcharges continue, despite proposed ban
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Federal Government debit surcharges continue, despite proposed ban

Aussies are continuing to cop debit card surcharges for Federal Government services such as new passports, visas and national parks entry, despite a proposed ban.

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