Australian consumers continue to increasingly embrace debit cards, while credit card activity remains flat. Consumers made 177.2 million debit card transactions in October, up 15.2% from 153.8 million ...
The Reserve Bank of Australia won’t allow surcharges on debit and credit cards from October, a move that will hit banks’ revenue and bring the country in line with peers in Europe and the UK. (March ...
To narrow a disparity in debit interchange pricing, Australia's central bank will cap fees for signature and PIN debit transactions later this year. The caps will shrink revenue for banks and for ...
Last year, more than 2 million Australians lost a combined total of $2.2 billion to card fraud, according to the Australian Bureau of Statistics. Card fraud involves the use of credit, debit, or ...
Jody McDonald is a freelance writer based in Brisbane who specialises in writing about business, technology and the future of work. She’s helped a range of SaaS platforms and tech companies share ...
Australia's treasurer has asked the central bank to consider forcing large- and medium-sized banks and debit card issuers to give merchants a multiple network option that would allow payments to be ...
Parpera, a money management platform for sole traders, freelancers, and startup founders, has launched Australia’s “first” embedded finance business experience “using a debit card linked directly to ...
The Australian Competition and Consumer Commission (ACCC) has started legal proceedings in the Federal Court against Mastercard Asia Pacific and Mastercard Australia for alleged anti-competitive ...
Credit card loyalty and reward programs are already about to take a battering, as banks prepare to recalibrate their programs in reaction to sweeping reforms taking place in the payments market this ...