13 Feb 18 @ 17:26

Australias new Faster Payments platform has been officially launch and is the result of collaboration between 13 members of Australia’s financial services industry, including Australia’s four major banks and the... read more

17 Oct 16 @ 14:19

Australia’s banks have argued in their joint response against Apple Pay to the Australian Competition and Consumer Commission (ACCC) that Apple’s arguments against collective negotiation on accessing Apple Pay due... read more

29 Jun 16 @ 10:03

New standards on how much businesses can surcharge their customers for credit and debit card purchases start in September. However, it’s not clear how the rules will be policed and whether... read more

30 Jul 15 @ 16:57

Contactless cards have been issued in Australia since 2006 but a major push on the acceptance side only started in the second-half of 2010. The technology is starting to gain... read more

10 Jul 15 @ 11:37

Debit card transaction values increased from $274.9 billion in 2010 to $315.3 billion in 2014, at a CAGR of 4.90%; while, the credit card transaction values recorded a CAGR of... read more

08 Apr 15 @ 15:41

Regulation of the digital currency marketplace would need to be co-ordinated by a global body such as the Basle-based Bank for International Settlements, according to the Reserve Bank of Australia.... read more

30 Jan 15 @ 15:02

Australia’s new payment system will be delayed by a year after five institutions stepped back from funding the $1 billion project. It has also emerged that the project will be... read more

12 Dec 14 @ 09:00

With Apple leading the market, banks losing some control, and Bitcoin blockchain used to design new financial products, it looks like an exciting year ahead for the mobile payments space.... read more

02 Dec 14 @ 11:24

Australia’s new payment system will be delayed by a year after five institutions stepped back from funding the $1 billion project. It was announced on Tuesday that the Reserve Bank of Australia-backed real... read more

06 Aug 14 @ 15:03

The Milestones Report released today by the Australian Payments Clearing Association, the payments industry self-regulatory body, shows that as with cheques, Australian consumers are increasingly giving up cash in favour... read more

25 Oct 13 @ 17:09

The Reserve Bank of Australia and the Australian Payments Clearing Association have proposed creating a new industry body called the Australian Payments Council, to better coordinate the country’s payments system.... read more

08 Jul 13 @ 02:38

The payments industry has begun a collaborative program to develop new, fast, flexible and data-rich payments infrastructure for Australia.  The program commenced with the first meeting of the New Payments... read more