Engineering payments fraud
The New Payments Platform may already be the fraudsters' payments system of choice, if European experience is any guide.
Source: bankingday.com
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RBA releases report on interlinking fast payment systems for cross-border transfers
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
Source: finextra.com
Would Chalmers' new ACCC reforms have halted these mergers?
Treasurer Jim Chalmers has announced sweeping changes to the ACCC's powers. Would they have halted Australia's largest mergers?
Source: crikey.com.au
Banking Day
A priority for the payments industry in 2024 will be getting started on the transition of all domestic direct entry electronic payments from the Bulk Electronic Clearing System to the New Payments Platform, which may prove to be a very challenging project.
Source: bankingday.com
Putting some 'friction' back into the payments system
The Minister for Financial Services Stephen Jones has backed calls to put some “friction” back into the retail payments system to enable more effective fraud detection.
Source: bankingday.com