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Cards

News about card payments, including debit, credit and pre-paid cards

Featured

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Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
LockSimple

Sep 30, 2026

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Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset

Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the RBA cuts interchange rates and CommBank prepares a rewards-heavy Discover charge card.

Featured

+1

Business cards to boom as consumer rewards take RBA haircut
LockSimple

Sep 29, 2026

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Business cards to boom as consumer rewards take RBA haircut

Banks are cutting consumer rewards while offering ABN holders 375,000-point bonuses, as government-issued NAB cards retain commercial rates, exposing small merchants to higher costs under Canberra’s own rules from October.

Cards

Square debit switch puts pressure on eftpos and Cuscal
LockSimple

Sep 22, 2026

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Square debit switch puts pressure on eftpos and Cuscal

Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future economics of Australia’s domestic debit network.

Cards

Coles Pay closes as the company steps into bank rewards void
LockSimple

Sep 16, 2026

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Coles Pay closes as the company steps into bank rewards void

Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers increasingly shift their spending towards debit.

Commentary

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November 1 is when things get messy
LockSimple

Sep 16, 2026

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November 1 is when things get messy

When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to the bill shock.

Cards

Banks line up against Amex as RBA weighs three-party regulation
LockSimple

Sep 10, 2026

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Banks line up against Amex as RBA weighs three-party regulation

Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to bring three-party card networks inside equivalent regulation.

Cards

NAB and AP+ warn card tokenisation closing off least-cost routing
LockSimple

Sep 10, 2026

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NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on how far regulators should intervene and who should be targeted.

Cards

ANZ puts December hard stop on Suncorp merchant acquiring
LockSimple

Sep 9, 2026

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ANZ puts December hard stop on Suncorp merchant acquiring

Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their broader migration onto ANZ systems and products.

A2A

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Debit tips into double digits and pulls away from credit
LockSimple

Sep 9, 2026

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Debit tips into double digits and pulls away from credit

Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. Credit managed 7.2%, to $477.7 billion. Its own rate edged up from 7.1%, but the gap to debit widened to 2.9 percentage points.

Cards

CBA secures exclusive deal to issue Discover charge cards, with more likely to come
LockSimple

Sep 2, 2026

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CBA secures exclusive deal to issue Discover charge cards, with more likely to come

Move over American Express, Commonwealth Bank (CBA) just secured the exclusive rights to be Discover's issuer in Australia, with plenty of perks for high-end cardholders and an impressive acceptance footprint in countries like India, the Americas, Europe, China, Japan and Korea.

Cards

Qantas, Virgin renegotiate with banks, loyalty profits to slow
LockSimple

Sep 2, 2026

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Qantas, Virgin renegotiate with banks, loyalty profits to slow

Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, as Virgin flags 3-year Velocity overhaul.

Commentary

+1

CBA Discover deal to shake up local card market
LockSimple

Aug 26, 2026

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CBA Discover deal to shake up local card market

Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card schemes - Australia’s biggest bank just partnered with Discover.

Cards

Westpac NZ adds personalised cashback to hotpoints cards
LockSimple

Aug 26, 2026

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Westpac NZ adds personalised cashback to hotpoints cards

Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted merchant rewards directly through its Westpac One digital banking platform.

Cards

CBA takes rewards beyond cards and partners with Discover ahead of interchange cut
LockSimple

Aug 19, 2026

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CBA takes rewards beyond cards and partners with Discover ahead of interchange cut

Ahead of the interchange crunch on October 1, Commonwealth Bank (CBA) is extending rewards across everyday banking, allowing nine million customers to earn points on mortgages, savings, insurance and a new Discover premium card.

Cards

Visa credit hits 1%, the largest annual fee rise of any scheme
LockSimple

Aug 12, 2026

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Visa credit hits 1%, the largest annual fee rise of any scheme

Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, and up five basis points over the year, further than any other scheme. Amex was the bigger mover in the quarter, and eftpos the only scheme merchants paid less to accept than a year ago.

Cards

ATO confirms card payments review, with Amex ban talk rife
LockSimple

Aug 6, 2026

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ATO confirms card payments review, with Amex ban talk rife

After pushing the Reserve Bank of Australia (RBA) to allow a surcharge ban, card schemes have already been ejected from Macquarie’s multi-billion dollar rent and strata payments portal DEFT, and the Australian Tax Office (ATO) is now considering its options.

Cards

HSBC retail exit leaves future of Australian credit card portfolio in limbo
LockSimple

Aug 5, 2026

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HSBC retail exit leaves future of Australian credit card portfolio in limbo

Just weeks after being slapped with a $35 million fine for failing to protect scam victims, HSBC's decision to exit Australian retail banking leaves thousands of credit card customers and staff awaiting answers.

Cards

NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms
LockSimple

Aug 5, 2026

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NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms

CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as NAB, ANZ and Westpac cut rewards.

Cards

No need for myki – Victoria’s buses complete the $2 billion tap puzzle
LockSimple

Jul 29, 2026

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No need for myki – Victoria’s buses complete the $2 billion tap puzzle

Better late than never. Victorians and visitors to the Garden State no longer need to struggle with myki. From this week, you can tap your credit and debit card to pay for all public transport, including buses.

Cards

Gift card and loyalty player Ogloba enters Aussie and NZ markets
LockSimple

Jul 15, 2026

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Gift card and loyalty player Ogloba enters Aussie and NZ markets

With credit card loyalty schemes under pressure, Hong Kong-based Ogloba has appointed former Shift4, Wex and Placard veteran Larry Samuels to lead its new local operations, saying it wants to revolutionise ‘retailer currency’ with its white-label platform that combines payment infrastructure, mobile, loyalty, and turnkey B2B distribution.

Cards

Virtual WEX and the big fleet payments shake-up
LockSimple

Jul 15, 2026

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Virtual WEX and the big fleet payments shake-up

WEX has been primarily known as a fuel card business in Australia since the 1980s but it was only ever the visible tip of this mammoth payments business. Its pitch for the next decade is virtual, mobility and open loop as it confronts Visa and Mastercard head-on at the bowser and EV charging station.

Cards

Credit follows debit as mobile taps cross the halfway mark
LockSimple

Jul 8, 2026

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Credit follows debit as mobile taps cross the halfway mark

Preference for mobile over physical cards already seen among debit users is now showing up in credit, with more than half of all contactless in-store credit card transactions now being made with a mobile device.

Commentary

+1

Is high-cost “Ultra” premium debit really the future of rewards?
LockSimple

Jul 1, 2026

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Is high-cost “Ultra” premium debit really the future of rewards?

As we move through the next phases of the RBA’s changes, we will learn exactly how the schemes and issuers intend to keep interchange as high as possible and merchants paying for cardholder privileges. Could Revolut’s high-cost, single-network “Ultra” card be part of that answer?

Cards

Risky ride for Amex while RBA decides its fate
LockSimple

Jul 1, 2026

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Risky ride for Amex while RBA decides its fate

Over the next two years, the Reserve Bank of Australia will scrutinise potential competition and efficiency issues associated with American Express, while the company takes a risky bet on merchants continuing to honour its cards without the ability to surcharge its hefty fees.

Cards

Tap-and-go cash "gouge": Mastercard ramps up ATM scheme fees
LockSimple

Jul 1, 2026

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Tap-and-go cash "gouge": Mastercard ramps up ATM scheme fees

More Australians are pulling out cash by tapping a phone, watch or card at the ATM and Mastercard is cashing in with a big scheme fee increase which will likely be passed on to consumers.

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