Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
Small businesses sandbagged across regional Victoria as Echuca residents brace for further flooding
Victorian communities have rallied around small businesses affected by severe flooding, as shopfronts in Echuca brace for the chance of further inundation in the coming days.
Cash-in-hand leniency is well and truly over, ATO says, after receiving 43,000 ‘shadow economy’ tip-offs
The ATO has unveiled new data on its 'shadow economy' enforcement activities, as it cracks down on unregulated transactions estimated to keep $11 billion from the taxpayer each year.
The industries most vulnerable to rising COVID-19 cases and rising costs
Australia's retail, hospitality, and service sectors appear more susceptible to the financial impact of rising COVID-19 case numbers than other industries.
Australian businesses now delaying invoice payments by a week longer than six months ago, report says
Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.
“Many small retailers are not opening every day”: Business groups urge government to rethink axed COVID-19 isolation payment amid staff shortage
The Morrison government's Pandemic Leave Disaster Payment scheme, which provided $750-a-week lump sum payments to workers required to self-isolate after testing positive for COVID-19, expired on June 30.
‘It’s actually a threat’: Apple crashes the buy now, pay later party, putting fintechs on high alert
Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.
Australian-founded startup Fast will cease operations, just a year after raising $131 million
Fast has announced it will cease operations, ending a one-touch payment system which once hoped to challenge Amazon for global e-commerce supremacy.
Sole traders: How to tackle your EOFY planning
Here are Jo Doye, director at Alluvia Financial's top three EOFY planning focus points for sole traders as tax season approaches.
Credit is out, debit is in: How COVID-19 has influenced consumer behaviour
The COVID-19 pandemic keeps sorting out winners from losers. And the humble debit card is now a huge winner.
How businesses can crisis-proof their payment structures
There has never been a more opportune time for businesses to pivot their approach to payment tech, writes Monoova head of growth Tyson Hackwood.
Why betting company Smarkets lets employees decide how much they get paid
Letting employees decide how much they get paid could be the future of wage negotiation, Smarkets chief executive Jason Trost believes.
