Optus outage: Federal government urges compensation for small businesses
Compensation for small businesses hit by yesterday's Optus network outage "has to be on the table," Financial Services Minister Stephen Jones says, as entrepreneurs across the country deal with the aftermath of lost sales and severed communications.
Liven takes the fight to Square with launch of new Android POS solution for the Aussie market
Australian hospitality tech platform Liven is aggressively recruiting restaurants and cafes affected the recent Square outage, promising free migration and zero-fee options to businesses which swap to its new Android point-of-sale (POS) system.
RBA gives Big 4 banks another ten months to lift their game on least-cost routing
The Reserve Bank of Australia has given breathing room to the major banks and payment service providers failing to promote least-cost routing among merchants, saying they have until June 2024 to boost merchant uptake before facing a regulatory crackdown.
Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
NSW will soon digitise high-risk work licences, says Victor Dominello
NSW Minister for Customer Service and Digital Government Victor Dominello is continuing his all-out push against paper before stepping down from politics.
Payments unicorn Zeller now chasing growth among big business clients after building SME solutions
A gloomy economic outlook and worsening consumer sentiment have not dampened optimism at payments unicorn Zeller, which claims a significant uptick in big business users is propelling its revenue growth.
John Durie: Least cost routing in the spotlight as ACCC pursues Mastercard over misuse of power
The ACCC's case against Mastercard is its second-ever section 46 case since the law was amended five years ago, alleging the payments giant misused its market power.
John Durie: ACCC takes Mastercard to court over card payment agreements with retailers
The ACCC alleges that after the RBA changed the rules in 2017 to demand so-called least cost routing, Mastercard did deals with the major retailers in an attempt to sidestep the new directives.
Eftpos to launch QR-code payments: What does it mean for SMEs?
Eftpos is partnering with banks, retailers and fintechs to allow for payments using QR codes. What does it mean for small businesses?
eftpos accredited under TDIF scheme
The payment platform has been named as the first accredited private identity exchange under the federal TDIF.
Competition regulator approves eftpos, BPAY and NPPA merger
After a lengthy approval process the competition watchdog has given the green light for BPAY, eftpos and NPP Australia to merge under the banner of Australian Payments Plus.
Committee behind eftpos, BPAY merger refutes claims it will lead to higher merchant fees
The Industry Committee behind the slated merger of BPAY, eftpos and the NPP says its proposal will not lead to higher merchant fees.
