Outages freeze out ANZ cardholders again 22 March 2022 6:18AM ANZ Bank says it is considering technical improvements to its national card payments processing platform following a sequence of outages last week. read more
Consumer advocates target BNPL providers in global campaign 17 March 2022 6:18AM A high-powered coalition of consumer advocates from nine countries are mounting an international lobbying campaign to stamp out legal loopholes that allow buy now pay later businesses to avoid being r.. read more
Cashpoint owners in talks to sell ATM business 16 March 2022 6:24AM The reconfiguration of Australia’s ATM sector is set to take another turn, with industry sources indicating that independent ATM operator Cashpoint Payment Solutions Pty Ltd has been put up for sale. read more
Geopolitical tensions intensify operational risks for Aussie banks 15 March 2022 6:06AM ASX-listed BNPL provider Openpay yesterday moved to dispel concerns that data relating to its Australian customer base was being stored or used by an external service provider in Ukraine. read more
Zip faces funding challenge as US investors get cold feet 15 March 2022 6:04AM Leading members of Australia’s embattled buy now pay later sector face more challenges trying to fund their operations after one of North America’s largest industry players was forced to suspend a sec.. read more
Flood-battered Lismore residents still waiting on return of three major banks 10 March 2022 6:18AM The country’s major banks are scrambling to restore transactional banking services in flood ravaged parts of New South Wales, with ANZ indicating last night that it might not be able to provide custom.. read more
Beforepay directors acquiring shares on market 10 March 2022 6:16AM A bout of on-market buying of Beforepay shares by three directors of the company in the last week has done little to inspire investor support for the struggling payday lending business. read more
Floods expose myopia of big banks’ war on cash 08 March 2022 6:30AM The destructive floods dislocating communities in regional and urban parts of eastern Australia have exposed the perils of aligning the digitisation of the national payments system with a strategic mi.. read more
Macquarie’s white label cards business looks ‘untenable’ 03 March 2022 5:52AM A cloud hangs over Macquarie Group’s white label credit card business as the bank’s freeze on new issuance of Woolworths and Myer Visa cards enters its third year. read more
CBA prunes strategic exposure to China 02 March 2022 6:58AM CBA chief executive Matt Comyn is nearing another milestone in his strategic program to simplify the group’s banking portfolio after negotiating a deal to offload most of the bank’s interest in boomin.. read more