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Mastercard outage triggered record disruption in card payments, data reveals
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Mastercard outage triggered record disruption in card payments, data reveals

New data reveals external dependencies remain a critical vulnerability for the Australian payments system, following a Mastercard outage in March which triggered the most widespread disruption to card payment services seen since reporting began four years ago.

FintechFintech
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Prospects for competition in e-conveyancing fading fast
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Prospects for competition in e-conveyancing fading fast

Prospects for real competition in the electronic conveyancing sector now rest on a Senate inquiry in Canberra, after one of two prospective competitor to monopoly player PEXA walked away and payments industry body AusPayNet launched a new “code of practice” in an effort to avoid regulation.

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The devastating human impact of PEXA settlement outages
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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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Impact of Mastercard global outage lessened by LCR at Aussie merchants
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Impact of Mastercard global outage lessened by LCR at Aussie merchants

Least Cost Routing (LCR) came to the rescue on Sunday, as Mastercard users were unable to make online, in-person or ATM transactions on the US network.

OutagesOutages
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RBA to intervene after ASX CHESS batch outage
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RBA to intervene after ASX CHESS batch outage

The Reserve Bank of Australia (RBA) will make regulatory interventions after a major operational incident hindered millions of ASX trades on 20 December 2024.

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PEXA outages plague Aussie property settlements amidst competition concerns
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PEXA outages plague Aussie property settlements amidst competition concerns

Australia’s monopoly electronic property settlement exchange platform PEXA (Property Exchange Australia LTD) appears to have seen off a potential probe by the competition regulator and handed a lengthy delay for network interoperability - and any real competition.