24

A review of the Buy Now Pay Later Code says it should be revised to clarify its suitability criteria for offering BNPL products and to introduce commitments around unsolicited credit limit increases. read more

Debt collection software company Paycepaid has acquired Australian Debt Recoveries, as it implements a strategy to become “a fully integrated end-to-end account receivables solution” provider. read more

EML Payments has had a “nil growth cap” imposed on its Irish subsidiary, PFS Card Services Ireland Ltd, after the Central Bank of Ireland found that the company had made limited progress with its reme.. read more

The local mortgage-backed securities market showed no obvious signs of pressure during March, as AMP Bank, Thinktank, Firstmac, LaTrobe and Liberty all got deals away. read more

ING Bank Australia has cut its fixed home loan rates and is now offering the lowest four and five-year rates on the Canstar database. read more

The Australian Competition and Consumer Commission has warned that so-called “bank impersonation scams” are becoming increasingly sophisticated and hard to detect. read more

Non-bank lender Firstmac may be back on the hunt for a banking licence after acquiring a 19.9 per cent stake in BNK Banking Corp. read more

Around 30 per cent of in-person consumer payments are made with a mobile device – a huge increase from levels only a few years ago. read more

Mastercard is using its accreditation under the Trusted Digital Identity Framework to conduct an age verification pilot with Service New South Wales and alcohol delivery company Tipple. read more

The Reserve Bank has been telling merchant acquirers for some time that it wants them to make least cost routing available to merchants taking contactless card payments. Everyone got the memo but NAB. read more