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New Financial Assistance Hub

February 2021 Monthly News: assistance hub launched

18 February 2021

“For the first time, banks are unveiling an industry-wide Financial Assistance Hub. The site aims to inform and assist bank customers so they know exactly where they stand, and the support their banks will provide them.”

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AP+ update to debit cards with eftpos on mobile wallets
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Australian Payments Plus (AP+) has made good progress on its technical update to debit cards on mobile wallets. The update will ensure consumers can continue to make payments via eftpos from 1 Jan 2025. However, a small minority of consumers will need to remove and re-add their debit card to their mobile wallet. AP+ and… Read more »

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Media Releases
Ensuring debit cards in mobile wallets
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The Australian Banking Association (ABA) is informing customers about an important update that may affect some debit cards used in mobile wallets. Australian Payments Plus (AP+) is implementing a technical update to ensure that consumers can continue to make payments via eftpos from 1 January 2025. A small number of consumers who added their debit… Read more »

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Media Releases
Regulatory initiatives grid pilot a step in the right direction
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The Australian Banking Association welcomes the launch today of the Regulatory Initiatives Grid (RIG) pilot as an important step forward in improving transparency of the regulatory pipeline across key Government agencies and regulators.   ABA CEO Anna Bligh said better coordination of regulation would provide additional certainty for Australian banks.  “Banks recognise that effective regulation is… Read more »

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