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Featured Posts

PSPPSP

+5+5

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.

PSPPSP

+3+3

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.

GovernmentGovernment

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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.

CybercrimeCybercrime

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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.

PSPPSP

+6+6

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.

NPPNPP

+3+3

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.

Latest Posts

PSPPSP

+4+4

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).

ACCCACCC

+4+4

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

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

Find a post

PSPPSP

+4+4

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).

ACCCACCC

+4+4

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

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”

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

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.

OnlineOnline

+4+4

Inquiry to adjudicate industry split over property settlement monopoly

The members of a Senate Committee Inquiry face the daunting task of shaping the future of a cornerstone of the Australian economy – buying property - against a backdrop of industry discontent, outages and big business profits.

PSPPSP

+2+2

Least Cost Routing enablement still has a long way to go

The RBA latest 6-monthly data on Least Cost Routing (LCR) highlights not only how far there is to go to full enablement, but the reasons why Australia’s acquirers aren't there yet.

FinTechFinTech

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Sphere rides the payment rails for climate action and welcomes new CEO

Australian payments and eco tech outfit, Sphere, has onboarded two more bank customers and a new CEO.

DigitalDigital

+3+3

tikpay team up with MineSec for cost-effective mobile-based transit

Aussie transit payment startup tikpay has selected Singapore-based MineSec to help them offer a more flexible, cost-effective and innovative mobile solution for commuters that doesn’t rely on expensive hardware.

A2AA2A

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Azupay and Gr4vy partner on NPP eCommerce solutions

Azupay has teamed up with US platform Gr4vy to help bring real-time, account-to-account payment solutions to Australian eCommerce businesses.

A2AA2A

+4+4

IPF urges immediate action to protect critical payments following damning BECS migration assessment

The payments industry must take immediate steps to protect and regulate fees on critical payments like wages, superannuation, health, welfare and pensions that are being migrated from the aging Bulk Electronic Clearing System (BECS), according to a new report by Independent Payments Forum Australia (IPF).

OutagesOutages

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The devastating human impact of PEXA settlement outages

A downsizing dream became a real estate settlement nightmare for two elderly Sydneysiders who were recently caught in one of PEXA’s regular outage “incidents”.

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