September
Open banking limps to life with ANZ customers seeking full picture
ANZ is the first major bank to use open banking to aggregate multiple accounts through its app. Ultimately, it will be used as a tool to lure new customers.
- James Eyers
Apple, Google respond to payment cost heat by backing eftpos
The US tech giants will enable “least-cost routing” for new cards on their smartphones to try to help merchants save costs by avoiding Visa and Mastercard.
- James Eyers
ASIC sets off the crypto fire alarm, Canberra will have to respond
Delegates to this week’s Summit pleaded for clarity about how digital assets are defined under corporate laws.
- James Eyers
Digital debt collector worth $350m after big money raise
Business booms for InDebted when cost-of-living hits consumers. It has attracted new investors, including a super fund to back a rare valuation increase.
- Paul Smith
ASIC wants crypto start-ups to hold financial services licences
The corporate regulator will appear at the AFR Crypto and Digital Assets Summit on Monday with a warning to developers in the polarising sector.
- James Eyers and Max Mason
Bitcoin is going mainstream. Can Australia join the party?
Twenty-thousand crypto believers descended on Singapore this week – and the companies they represented may surprise you.
- James Eyers
- Opinion
- Chanticleer
Year’s biggest IPO would happily sneak on to the ASX, if it could
The market is at a record high but it is not the time to be screaming IPO plans from the top of Martin Place.
- Anthony Macdonald
RBA warms to its own digital currency – but only for other banks
The central bank says it could save billions of dollars by making transactions faster. But it has decided digital cash for the public is far riskier.
- James Eyers
Why you pay $5.08 for a $5 coffee
The notoriously complex area of retail payment costs is in the political spotlight, and set to force a response from the central bank. Here’s how it works.
- James Eyers
Morrison Securities boomerangs to US backer in receivership sale
Magellan-backed FinClear and Bell Potter took a peek at the due diligence before tapping out, perhaps in recognition of Beaconsfield’s upper hand in the proceedings.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cuscal considers IPO plans after recording a surge in earnings
The payments processor owned by mutual banks and credit unions is lining up meetings with prospective investors as it attempts to hit the ASX before Christmas.
- James Eyers
August
Mastercard argues cash costs more than card in bid to stymie fee limit
A Boston Consulting Group report commissioned by the global payments giant has found there are plenty of “hidden” costs to using cash, which could be reduced.
- James Eyers
Josh Foreman’s InDebted in Series C funding round, US expansion eyed
With a toehold in the US market, which now accounts for 80 per cent of total revenue, the company has its eye on huge addressable market.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Zip nails comeback, predicts huge US transaction growth
Zip shares took a breather after a strong run driven by its pivot to profitability.
- James Eyers
Card payment surcharge billions under RBA microscope
The RBA has brought forward an inquiry into card payment costs amid increased political scrutiny of the estimated $4 billion that Australians pay in fees each year.
- Updated
- James Eyers
This trader spotted a ‘really big gap’ – and made a fortune
Stake’s Matt Leibowitz loved his job as a derivatives trader, but when his friends started asking how to invest in US stocks, he saw an opportunity.
- Yolanda Redrup
Apple finally opens up tap-and-go, but banks remain very wary
In a decision seemingly forced by a European antitrust deal, the US tech giant said access to the payment functionality would be granted to outside developers.
- Paul Smith
Familiar with the consumer data right? Here’s why you should be
The philosophical basis for the right is that data generated by consumers of commercial services is their property and not that of the company.
- James Eyers
- Exclusive
- Open banking
‘Badly executed’: Labor unveils plans to simplify consumer data right
A raft of enhancements to the open banking and energy sector data-sharing regime will be unveiled on Friday to boost adoption.
- James Eyers
Superhero swoops on MYOB’s Slate Super
The online share-trading platform is one step closer to its goal of becoming a superannuation platform of scale after nabbing the $502 million fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport