Interchange, surcharging in strife as RBA payments review revs up 16 October 2024 5:58AM Latest news Ian Rogers The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more
PSB poised to regulate mobile wallets 01 March 2024 5:43AM Latest news Ian Rogers Apple may be the focus of regulatory intervention threatened by the Payments System Board. read more
The pandemic is good business for Apple Pay 23 July 2020 3:56AM Latest news John Kavanagh Apple Pay has enjoyed increased take-up by banks in recent months, with Westpac, ME Bank and Heritage Bank all joining since April. The latest to offer the service to its customers is AMP Bank. read more
1s and 10s play at non-bank contactless 15 May 2020 5:36AM Latest news John Kavanagh Apple Pay is growing strongly as it was always going to, despite Aussie banks delaying the rollout by years. read more
Apple Pay for Westpac's customers by mid-2020 20 December 2019 5:15PM Payments, mobile & wallets Bernard Kellerman Westpac has promised to have Apple Pay ready for its retail customers by June 2020. If achieved, this would rank Australia's second largest retail bank at about number 100 in terms of speed to market. read more
Revealed: The fees Aussie banks pay for Apple Pay 22 May 2019 3:54PM Payments, mobile & wallets George Lekakis Australian banks are incurring significantly higher fees for offering Apple Pay to debit cardholders than their counterparts in the US. read more
Worldpay ramps up chase for Aussie and Kiwi merchants 27 March 2019 5:22PM Payments, mobile & wallets George Lekakis Worldpay, the global online payments processor, is eyeing a large slice of the Australasian merchant acquiring market after announcing an expansion of its operations in Australia and New Zealand. read more
Briefs: Norman PERLer, Westpac and NAB may flip on ApplePay, Qantas ditches S&P, Beaumont back to NZ 18 December 2018 5:28PM Briefs Banking Day staff The latest Commonwealth Bank issue is the parking lot for some of the cash of the estate of retail tycoon Ian Norman. read more
Apple Pay pipsqueak a fintech caution 06 August 2018 4:01PM Fintech Ian Rogers There's little wanderlust around fintechs and much cynicism about the state of play in this much hyped industry sector, this week's assessment of competition in finance from the Productivity Commissio.. read more
Interchange interred by 2019 04 August 2018 1:51AM Latest news George Lekakis In a double whammy for the big banks that dominate the payments cards space, all card interchange fees will be abolished by the end of next year, while merchant fees may also be capped. read more
ANZ responds to App security concerns 17 July 2018 2:41PM ANZ George Lekakis ANZ has rejected some of the findings of a Forrester Research report, which last week failed the performance of the bank's mobile banking app because of concerns over security and a lack of customer.. read more
Brief: Afterpay and ApplePay on the disrupters list 18 June 2018 3:25PM Briefs Banking Day staff Afterpay and ApplePay are among the top ten brands Australian consumers consider to be "the most disruptive". read more
Cuscal and eftpos to start offering Apple Pay 07 February 2018 4:56PM Payments, mobile & wallets Bernard Kellerman Customers at six Cuscal-sponsored customer owned financial institutions have been given the choice of using Apple Pay with their eftpos-only cards. read more
Brief: Apple Pay rumours resurface 12 December 2017 5:46PM Briefs Banking Day staff Westpac and NAB last night moved to downplay rumours circulating in the payments industry that they have entered strategic talks with Apple Pay. read more
Briefs: Co-op Money NZ on 'negative' outlook, ANZ adds wearables payments, interest only losing out, 07 December 2017 5:52PM Briefs Banking Day staff Fitch Ratings has revised its outlook on New Zealand Association of Credit Unions (trading as Co-op Money NZ) to Negative from Stable and affirmed its Long- and Short-Term Issuer Default Ratings at 'B.. read more
Bendigo masters Apple Pay 04 December 2017 4:36PM Payments, mobile & wallets Banking Day staff It's a MasterCard-only rule for any interested customers of Bendigo and Adelaide Bank as their bank belatedly makes Apple Pay available to customers. read more
Briefs: Moody's says Aussie banks stable, BNZ launches Apple Pay 25 October 2017 6:03PM Briefs Banking Day staff Moody's Investors Service has released a report confirming the outlook as 'stable' for the Australian banking system. read more
ANZ expands Apple Pay wallet to snare eftpos customers 19 October 2017 5:34PM Major Banks Bernard Kellerman Of all the Big Four banks, ANZ remains alone in its willingness to deal with Apple Pay and is therefore the only major bank that can utilise the new technology, as it has done by making mobile payment.. read more
eftpos pairs up with Apple Pay 18 October 2017 6:19PM Payments, mobile & wallets Banking Day staff ANZ Access Card customers will now be able to make in-store eftpos purchases using their iphone or Apple Watch. read more
NAB signs up with Apple Pay in NZ 10 October 2017 5:18PM Payments, mobile & wallets George Lekakis National Australia Bank has loosened its resistance to offering customers access to Apple Pay, after its New Zealand subsidiary announced it would be available to its iPhone users by the end of the mo.. read more