RBA issues warning after new data shows NAB and ANZ failing retailers on merchant fees 18 August 2023 5:36AM Latest news George Lekakis The Payments System Board will mandate the rollout of least cost routing services by Australian banks unless they lift their performance by the middle of next year. read more
Rent racket confronts RBA 18 February 2023 1:45PM Latest news Ian Rogers Even more timely, reliable and granular data on rents has made the to do list of the Reserve Bank following the hearing with the House Economics Committee. read more
NeRF gets Feds on board the NPP 06 July 2020 6:08AM Latest news John Kavanagh The New Payments Platform is getting around to speeding up payments by government agencies. read more
RBA set to unlock murky payments pricing 10 December 2019 5:24PM Payments, mobile & wallets George Lekakis Senior RBA payments officials, including Reserve Bank Governor Philip Lowe, will figure prominently in the proceedings of AusPayNet's annual conference in Sydney today and their overriding message is.. read more
POLi surplus to Post 06 September 2019 4:36PM Payments, mobile & wallets Ian Rogers Australia Post is scouting for a buyer for its POLi Payments service, five years after acquiring the business. read more
Jane Hume carries financial chalice 27 May 2019 4:12PM Finance regulation Ian Rogers and John Kavanagh Two junior ministers will share responsibility for financial services in Scott Morrison's new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume w.. read more
Byres granted ten year tenure at APRA 05 November 2018 4:55PM Finance regulation Banking Day staff Wayne Byres will serve a further five year term as chair of APRA. read more
Banks fall into line on contactless reform 22 May 2018 4:40PM Payments, mobile & wallets George Lekakis Secret commercial arrangements between banks and global card schemes are unlikely to be scrutinised in the current round of hearings of the Hayne Royal Commission. read more
Industry given 6 months to combat online card fraud 26 February 2018 4:48PM Payments, mobile & wallets Banking Day staff The Payments System Board has put banks on notice; they must act effectively to reverse the ever-rising incidence of credit card and debit card fraud in Australia. Six months is the timeline spelled o.. read more
PayPal executive crosses to Tyro 24 January 2017 5:00PM Tyro Payments Ian Rogers An American executive with a PayPal pedigree is joining the team at Tyro Payments. Kareem Al-Bassam will be the loss-making bank's new head of product. read more
Android NFC no match for Apple's, plead banks 21 November 2016 4:47PM Payments, mobile & wallets John Kavanagh In their ongoing wrangle with Apple, Australian banks insist that relying on the Android platform for a digital wallet is a hopeless option. They warn that, if forced down that path, local wallets wou.. read more
Dual-debit duel set for encore performance 21 November 2016 4:42PM Payments, mobile & wallets Ian Rogers A row over business rules around digital wallets among card schemes has the Payments System Board riding shotgun. Look out for a consultation paper next month. Three years ago Eftpos had a hand from t.. read more
Household assets to income ratio 471% 27 August 2016 5:07PM Mortgages Banking Day staff <!-- /* Font Definitions */ @font-face {font-family:Cambria; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-si.. read more
NPP spreads fertiliser on payments 24 June 2016 4:10PM New Payments Platform Ian Rogers The fourth quarter of 2017 is now the slated time for Australia's New Payments Platform to lurch into action. read more
Versatile Lovney leads NPP 24 June 2016 4:07PM New Payments Platform Ian Rogers Bankcard holds the record, at 32 years, for the lifetime of a collaborative banks' payments scheme in Australia. Another scheme, a step removed from consumer credit, is rolling down the line in the fo.. read more
Gillard spells out bank run terror 30 September 2014 3:07PM Major Banks Ian Rogers Memoirs of Labor luminaries continue to add perspective on the banking side of the 2008 world economic crisis. read more
Swan prepared as the crisis hit 20 August 2014 3:48PM Major Banks Ian Rogers ANZ and NAB were "keen to merge" in June 2008, writes the former treasurer, Wayne Swan, in his book 'The Good Fight'. read more
Court brands card case 'artificial' 23 September 2003 10:00AM Payments, mobile & wallets MasterCard and Visa probably won't be entertaining lengthy thoughts of an appeal over the Federal Court's decision on Friday to dismiss the application by the card schemes to overturn the Reserve Bank.. read more