Payment systems

tap card payment

Original media release (7/06/2023) from the Treasurer, The Hon Dr Jim Chalmers MP: The Albanese Government is taking the next important steps to modernise the way Australians make and receive payments. The Strategic Plan for Australia’s Payments System released today presents a roadmap for the development of the sector. Our vision is for a modern, world?class and…

Read More Modernising the Payment System

sitting person with cane

The Australian Communications Consumer Action Network (ACCAN), along with the Public Interest Advocacy Centre (PIAC), has found that while direct debit may work for some consumers direct debits automatic system and lack of flexibility created unfair additional costs and financial distress for vulnerable consumers. In a media release (05/04/2023) ACCAN said: A thriving and competitive…

Read More Direct Debit for Telcos and Utilities a Problem for Vulnerable Consumers

Post thumbnail

ASIC has released its first review of the rapidly growing buy now pay later industry. The review of this diverse and evolving market has found that buy now pay later arrangements are influencing the spending habits of consumers, especially younger consumers. A buy now pay later arrangement allows consumers to purchase and obtain goods and…

Read More ASIC puts spotlight on the rapidly growing buy now pay later industry