Interchange creeps into NPP

Following ongoing volume growth of the NPP and the addition of new services such as PayTo, Australian Payments Plus is proposing significant changes to the NPP’s wholesale pricing arrangements. read more

AWA rebels at Bendigo Alliance

AWA Alliance Bank, a Geelong-based former credit union, is seeking to disassociate from the Alliance Bank network of Bendigo and Adelaide Bank, and amalgamate with Beyond Bank. read more

Westpac worst for payments outages

ANZ was embarrassed by a seven hour outage affecting Eftpos and the bank’s banking app on Friday. Westpac's record on outages is even more embarrassing.  read more

Australian Unity Bank in the red

Mutual financial services group Australian Unity has elected to prop up its banking division, topping up the bank’s capital by $4.8 million during the 2023 financial year. read more