Contactless/NFC

• 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

• 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

• 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

ANZ has expanded its Samsung Pay capability, allowing debit card customers to choose the eftpos network when making a payment. read more

• 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

• 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

• 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

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

• 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

• 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

• 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

• 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

• 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

• John Kavanagh

Apple Pay is growing strongly as it was always going to, despite Aussie banks delaying the rollout by years. read more

• 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

• 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

• 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

• 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

• 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

• George Lekakis

Australia's peak retail group is warning the major banks to give all retailers equal access to the Eftpos processing of contactless debit transactions after ANZ acknowledged that thousands of its merc.. read more