Payments, Mobile & Wallets

• Ian Rogers

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. read more

• Ian Rogers

The leading cause of payments outages are issues with third parties, analysis by the Reserve Bank of Australia has found. read more

• Ian Rogers

Following its entry into Eftpos and the New Payments Platform, JP Morgan Australia is poised to enter the acquiring business. read more

• Ian Rogers

The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more

• Ian Rogers

Mobile wallets’ share of payments will soon be 50 per cent and growing even faster. read more

• Ian Rogers

The Federal Court has ruled in favour of the ACCC in proceedings against Mastercard, over the relevance of Reserve Bank of Australia payments data to a marathon civil trial scheduled for next year. read more

• Ian Rogers

Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” read more

• Ian Rogers

Interchange fees in New Zealand may be slashed hard, if one of the preferred reform options outlined by the Commerce Commission ends up being adopted. read more

• Ian Rogers

American Express will pay a penalty of $8 million following a ruling by the Federal Court that the cancelled application rates for the DJs Amex Cards two years ago were a circumstance that would reaso.. read more

• Ian Rogers

ASIC has approved a new version of the Australian Banking Association’s Banking Code of Practice. The new Code won’t commence until the end of February 2025. read more

• Ian Rogers

Ellis Connolly, the Reserve Bank’s head of payments policy touched on every hot-button issue in online payments in a speech yesterday, one that foreshadows “a holistic review” on the Reserve Bank’s ap.. read more

• Ian Rogers

A clutch of opinionated voices have formed the Independent Payments Forum. They are Brad Kelly, Warwick Ponder, Russell Zimmerman, and Peter Drennan. A trio of influential small business associations.. read more

• 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

Armaguard will need to be transparent and open its books to scrutiny, as the banks have long insisted, or there may be no further offers of financial support forthcoming from the industry. read more

• John Kavanagh

The Reserve Bank is open to the prospect of limiting the use of surcharging by merchants, with one option to prohibit surcharging on debit card transactions. read more

• Ian Rogers

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more

• John Kavanagh

The Australian Taxation Office has conducted raids on business suspected of using, manufacturing or supplying electronic sales suppression tools to avoid paying tax, and it has issued a warning to bus.. read more

• Ian Rogers

Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more

• John Kavanagh

Reports of scam losses to the ACCC’s Scamwatch service declined in the December quarter, with decreases in all the common forms of scam activity. read more

• John Kavanagh

Providers of low cost credit contracts, including buy now pay later companies, will have to hold a credit licence and comply with modified responsible lending obligations under proposed changes to the.. read more