Quest rocks NSW payments 30 May 2024 3:03AM Latest news Ian Rogers In a vindication of one of the most patient disruption plays in domestic payments, Quest Payments has won a whole of government contract to supply payments devices and related support services across.. read more
Briefs: Westpac slashes savings rate, $200 contactless limit extended, and more 20 September 2021 5:55AM Latest news Banking Day staff Westpac has cut the rate on its market leading bonus saver account, Life, by a massive 50 basis points to 2.5 per cent. read more
ANZ launches marketing program for merchant choice routing 16 March 2021 5:18AM Latest news George Lekakis 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
Banks crunch merchant costs with new mobile platform 09 March 2021 6:03AM Latest news George Lekakis 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
Briefs: ANZ Samsung Pay offers eftpos, contactless limit increases extended again 09 March 2021 5:53AM Latest news ANZ has expanded its Samsung Pay capability, allowing debit card customers to choose the eftpos network when making a payment. read more
Eftpos expedites QR code rollout 25 February 2021 5:50AM Latest news George Lekakis 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
Quest: new smartphone payment system 05 February 2021 6:09AM Latest news Bernard Kellerman The Australian Payments Network has approved the release of the "Tap-to-Phone with PIN" technology, developed by Quest Payment Systems. read more
Another BNPL offers tap and pay 04 November 2020 6:38AM Latest news John Kavanagh Buy now pay later provider Laybuy has joined Zip Co in giving its customers a facility to use their BNPL accounts while making contactless payments on merchant terminals, claiming a significant enhanc.. read more
Digital trial for Opal 22 October 2020 5:53AM Latest news Three financial services companies, Mastercard, EML and Commonwealth Bank, are working on a trial of digital payments service on New South Wales public transport. read more
Now shoppers can Zip while they tap 21 October 2020 6:14AM Latest news John Kavanagh Zip Co has been granted a principal issuer licence with Visa, which will allow users of Zip’s buy now pay later service to make contactless payments on merchant terminals. read more
Heritage launches new Eftpos service for Samsung Pay users 13 October 2020 6:25AM Latest news George Lekakis Payments innovator, Heritage Bank, is set to deepen its presence in the digital payments market with the launch of new Eftpos-enabled services for users of Samsung Pay. read more
Briefs: Hawker joins Westpac board, Contactless limit increase extended 24 September 2020 6:30AM Latest news Banking Day staff A former head of Westpac’s business and consumer banking division, Michael Hawker, is taking up a position on the bank’s board. read more
The digital wallet comes of age 15 September 2020 6:17AM Latest news John Kavanagh Payment-enabled devices accounted for 8 per cent of in-person consumer payments in Australia last year, increasing from just 1 per cent three years ago. read more
Retailers call out banks over inaction on contactless payments 21 May 2020 5:56AM Latest news George Lekakis Small business groups and government agencies are ramping up pressure on the major banks to offer least cost routing on contactless debit transactions as part of merchant servicing plans. 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
Eftpos marooned as NSW 'completes' contactless rollout 24 September 2019 3:50PM Payments, mobile & wallets George Lekakis The US company charged with building a new contactless fare system for Sydney public transport has announced the roll out is complete - but the new platform cannot process Eftpos-based payments on mil.. read more
Analysis: ACCC and the NSW fare system 24 September 2019 3:47PM Payments, mobile & wallets George Lekakis The Berejiklian government's apparent sidelining of the only Australian-owned payments scheme that can compete effectively against the likes of Visa and Mastercard warrants urgent and meticulous scrut.. read more
Thousands of CBA merchants missing out on lower fees 16 July 2019 3:54PM Payments, mobile & wallets George Lekakis Commonwealth Bank has confirmed that merchant access to cheaper methods for processing contactless card payments is still not available on all merchant terminals it has issued to retailers. read more
Suncorp eyes new merchants with contactless debit offer 18 April 2019 4:05PM Payments, mobile & wallets George Lekakis Suncorp will be the first regional bank to launch least cost routing on contactless debit transactions for its merchant customers across Australia. read more
Contactless savings only "weeks away" for NAB merchants 09 April 2019 4:39PM Payments, mobile & wallets George Lekakis National Australia Bank is expected to launch merchant choice routing for contactless debit transactions to its small business customers by the end of the month. read more