The RBA will not prohibit banks from setting a default routing network on dual-network cards, but said it expects faster progress on enabling least-cost routing.
October 2, 2023A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
June 9, 2023This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.
March 22, 2023Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don't.
July 14, 2022NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
May 6, 2021From November 2021, all intermediaries for incoming cross-border payments must be able to receive ISO 20022 enhanced message content, and to pass on those messages in full.
February 27, 2020AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.
August 9, 2019'Card-not-present' fraud accounts for 85% of all card fraud, as criminal activity migrates to online channels following the success in chip technology in preventing in-person fraud.
August 23, 2018