PSP

CashPSPFinTechSchemeACCCCBDCPayToOnlineRegulationDigitalA2AReportingConnectIDNPPGovernmentTap and PayAP+BECSOutagesPlatformChequecommercial cardsLCROpinionContractBlended pricingBanksAIScamsCryptoMerchant FeesTreasurerCybercrimeTransitIdentityFeesAnalysisRBASurchargingcredit carddebit cardBank@PostInflationMobile WalletFinancial crimepre paid cardsATMStart-upsFraud
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.

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).

PSPPSP
+2+2
Least Cost Routing enablement still has a long way to go
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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.

PSPPSP
+3+3
If Smartpay's for sale, where does that leave Cuscal?
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If Smartpay's for sale, where does that leave Cuscal?

Smartpay has confirmed it is looking at offers to sell the company, after PayDay News broke the story last week.

PSPPSP
+1+1
New blood for Send Payments’ Board
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New blood for Send Payments’ Board

International payments and foreign exchange specialist, Send Payments, has appointed two new Board members, including an ex bank CEO, as the company positions for its next phase of expansion.

PSPPSP
+3+3
Novatti’s brand refresh signals future vision
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Novatti’s brand refresh signals future vision

Novatti has launched a brand refresh, representing the company’s growth and future vision.

PSPPSP
+5+5
Illegal tobacco sales serviced by banks and fintechs. What's the law?
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Illegal tobacco sales serviced by banks and fintechs. What's the law?

Illegal tobacco stores are popping up around the country in what is fast becoming multi-billion dollar market for organised crime which appears to be serviced by multiple banks and fintechs for payments.

PSPPSP
+3+3
SmartPay pilots in New Zealand amid rumours of a sale
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SmartPay pilots in New Zealand amid rumours of a sale

Smartpay has successfully implemented an initial customer pilot of its new New Zealand acquiring offering, amid rumours that the company may be up for sale.

PSPPSP
+6+6
RBA looking closely at “free” blended rates business model
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RBA looking closely at “free” blended rates business model

The Governor of the Reserve Bank, Michele Bullock, says the marketing of blended card fees as a free service to merchants is an “unexpected consequence” of the current surcharging rules that is being carefully considered.

PSPPSP
+4+4
Zeller claims 20k new customers while launching bank-like services for start ups
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Zeller claims 20k new customers while launching bank-like services for start ups

Payments Service Provider (PSP) Zeller reports it has grown its small business customer base to 85,000, while launching a range of bank-like products aimed at Australian start-ups and founders.