Eftpos – News, Research and Analysis – The Conversation

November 14, 2023

Cash may no longer be king, but the Optus debacle shows it is still necessary

Chris Vasantkumar, Macquarie University

Electronic payments are convenient and are increasingly replacing cash, but when a network fails, the impact can bring a country to a halt.

ANZ has already struck a deal with Apple for its contactless payment system but now four other banks are arguing the company is making competition difficult. Monica Davey/EPA

October 19, 2016

Apple Pay dispute may mean less opportunity to pay with your mobile

Steve Worthington, Swinburne University of Technology

The competition in Australia’s contactless payment industry is heating up as Apple Pay sets up in Australia. However some banks claim the company is making the system less competitive.

The Reserve Bank regulates interchange fees - the credit card fees paid by merchants - but why? Image sourced from www.shutterstock.com

October 13, 2015

Why the Reserve Bank isn’t the right regulator for our payments system

Sinclair Davidson, RMIT University and Jason Potts, RMIT University

RBA has no comparative advantage or good reason to regulate the Payments System. Australia already has a specialist agency to regulate industry – the ACCC.

Apple Pay could help make contactless payments mainstream. Monica Davey/EPA/AAP

September 10, 2014

With Apple Pay, Apple just took payment security to the banks

Steve Worthington, Swinburne University of Technology

Today’s launch of the Apple Pay mobile payments service has the potential to eliminate the need for us to carry payment cards in our purses or wallets - but as always converting potential to reality is…

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