Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by the ANZ Worldline joint venture.
The way we make payments has fundamentally shifted. Only around 13% of Australian payments were made with cash in 2022 and we’re more comfortable making purchases online than ever before. In 2022, 18% of retail payments were online, up from 12% in 2019 and just 4% in 2007 and that figure jumps again in categories like leisure, holidays and bills.
Two of Australia’s major banks are considering whether to offer discounted interchange fees for small businesses under a special program currently being rolled out by Visa.
ANZ Worldline Payment Solutions – a joint venture between ANZ and global payments leader Worldline (Euronext: WLN) – announced that it now offers Tap to Pay on iPhone to its customers in Australia, enabling seamless and secure contactless payment acceptance technology.