Consumers surcharged on more of their payments

The frequency of merchants surcharging on card transactions has increased over the past few years, and merchants are just as likely to surcharge on a debit card transaction as on a credit card payment.. read more

PEXA ramps up its opposition to interoperability

Just days after a PEXA senior executive told investors that Australia’s e-conveyancing interoperability program was “complex and challenged” and should be reviewed, the company’s chief executive told.. read more

Wisr AGM a debacle

Wisr shareholders made their feelings about the recent executive and board upheavals at the consumer finance company clear yesterday, when they voted down the remuneration report and two other resolut.. read more

Banks to adopt confirmation of payee

Banks are stepping up their efforts to protect their customers against scams, announcing the launch of a Scam-Safe Accord whose first project will be the development of a confirmation of payee system. read more

Rising hardship to be a long-term problem

A significant number of Australian “risk leaders” expect higher levels of default and hardship to last for the next couple of years, and are tightening their credit criteria in response. read more

ABS leads securitisation market growth

The very strong growth in the issuance of asset-backed securities, and one of the questions up for discussion at yesterday’s Australian Securitisation Forum annual conference was whether ABS issuers c.. read more

Tyro wins contract dispute

Tyro Payments has won a breach of contract case against one of its agents, with the Supreme Court of New South Wales restraining Kounta Pty Ltd from trying to sell competing services to Tyro merchants.. read more