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Controversial buy now pay later provider Openpay has caved-in to public fury over its credit contracts, saying it will amend its terms and conditions to exclude death as a default event. read more

The terms and conditions of buy now pay later provider Openpay are coming under scrutiny from payments experts after the company revealed it was adding a major private hospital network to its list of.. read more

ANZ has launched a marketing campaign aimed at its business customer base to highlight the potential benefits of adopting merchant choice routing to manage contactless debit card transactions. read more

Australia’s newest bank might be facing possible enforcement action from regulators after it was expelled as a member of the financial industry’s peak external dispute resolution scheme. read more

Afterpay’s share price could come under further pressure in the next week amid mounting industry speculation that global payments giant PayPal is preparing to launch a buy now pay later business in Au.. read more

The Australian banking industry is on the cusp of a second revolution in the contactless payments market that promises to deliver cheaper service plans to small businesses. read more

Normally the ACCC would be expected to tap the RBA’s expertise to assess the merits of any planned merger in the payments market, but that practice might have to be shelved when it comes to a merger a.. read more

ANZ shareholders continue to pay a heavy price for the bank’s ill-fated foray into Malaysian banking, with the local bank flagging more losses from its exposure to the scandal-plagued AmBank group. read more

ME Bank is facing potential legal action from ASIC over failing to notify thousands of home borrowers that their fixed rate loans were due to expire and be repriced at variable rates. read more

Eftpos Australia will begin piloting a new Quick Response (QR) code payments platform in June, with a view to launching a national multi-channel transaction network next year. read more