May
Real-time payments’ early adopters reap rewards
With so many competing priorities and limited resources, banks are taking a measured approach to implementing instant payments tech.
Race to real-time payments: big business ditches legacy systems
Two-thirds of big businesses say real-time payments will affect their market position. A new survey shows who’s moving now, and who risks getting left behind.
How banks can fight fraud in an instant-payments world
Security needs to be ironclad as faster transactions mean less time to detect and stop illicit flows by cybercriminals.
Banks help businesses gain early-mover payments advantage
Lenders are embedding new technologies as regulators breathe down their necks and customers demand instant payments.
Cbus joins pilot program to speed up super payments
The fund has been part of the trial with a handful of large construction industry employers to get a clearer picture of how digital payments will work.
Armaguard, banks pick Deloitte to create utility pricing for cash
The biggest users of cash want contracts with the Lindsay Fox company to be regulated like other essential services such as water and energy.
Solvar scoops up 19.9pc of Earlypay as COG sells down
Sources said the trade was done at 22¢ per share, or at par with the current share price.
The curious case of a dubious result that scorched investors
If OFX’s results fell off the back of a truck, they were either the wrong set of numbers or landed in the hands of an idiot.
Airwallex local losses deepen despite global boom
Financial services company Airwallex files most of its earnings in the Cayman Islands, but its local numbers show it fell deeper into the red in 2024.
Tyro to cosy up to Stripe as Smartpay negotiates with Shift4
Tyro is expected to fully engage with Stripe now that it’s untethered from Smartpay.
Small business says Labor’s card surcharge ban will be inflationary
Hotel and cafe lobby groups will meet the RBA’s head of payments to raise concerns about plans for the surcharge ban this week.
Judo, Block shares smashed after misses
Quarterly updates from the business bank and payments player met a savage market reaction, with loan and sales growth undershooting because of business uncertainty.
Soon you can hand your credit card to AI. What could go wrong?
Visa is opening up its platform to artificial intelligence, allowing them to build bots authored to pay for everything from concert tickets to groceries.
April
Silicon Valley’s Stripe eyeballs Tyro’s languishing share price
Investors have become increasingly sceptical the ASX-listed payments group can compete against massive international rivals and the country’s major banks.
CBA and Westpac mull removing numbers from their credit cards
Australia is expected to be the first major market to embrace numberless credit cards in the next two years, according to Mastercard.
March
Here are the 2025 winners and losers
Treasurer Jim Chalmers’ fourth federal budget delivers a surprise election-eve tax cut for all working Australians. But not everyone is a winner.
RBA tells banks national interest not profit comes first on payments system
RBA assistant governor Brad Jones accused banks of putting profit over the national interest in the roll-out of a critical system that moves $18 trillion payments.
Payments business Findi launches $45m raising; taps three brokers
The broker syndicate included Morgans Corporate, MST Financial Services and Ord Minnett.
Smartpay, hurting from RBA’s surcharge review, gets takeover proposals
Given Tyro has offered $NZ1 a share, a significant premium to the last close, the target will be under pressure to formally consider the inbound interest.
RBA alarm over banks’ plans to shut key payments system
The Bulk Electronic Clearing System, which handles almost $18 trillion in payments, is being replaced. But the troubled transition has the RBA worried.