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Major banks unable to meet commitment to modernise direct debits

According to the Reserve Bank, several major banks will not be able to meet the current timeline for the launch of the PayTo service. The new PayTo service, which is set to modernise the existing d

Jon braggEllis connollyPhilip lowePayments platformReal time payments summitConsumer dataReserve bankMomentum mediaInvestor daily

RBA presses banks to update online payments tech

Australia's central bank is pressing the country's commercial banks to meet deadlines on new payments systems that will make it easier and cheap.

Ellis connollyPhilip loweReserve bankNew payments platform

ASX to drop, RBA rate decision awaited

Australian shares are poised to fall; Wall Street swings positive, as rate jitters rattle investors. US 10-yr yield nears 3 per cent.

New yorkUnited statesUnited kingdom generalUnited kingdomTom porcelliWarren buffettMike wilsonEllis connollyAlexander lukashenkoScott morrisonTim wilsonZoe danielJoel jacksonMorgan stanleyCf industriesBerkshire hathaway

Here is what s on the economic calendar in Asia - RBA day

The Reserve Bank of Australia monetary policy announcement is due Tuesday 03 May 2022

Ellis connollyReserve bankZealand building permitsPayments policyReal time payments summitForexlive economic calendar

Australian Payment Plus CEO Lynn Kraus highlights digital identity, QR codes and online commerce among innovation priorities

The new company formed to coordinate major bank investment in payment innovation will focus on QR codes, digital identity, online commerce and digital wallets.

Ellis connollyCatherine brennerReserve bank

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