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Consumers will feel effect of RBA changes to credit card ...
Consumers will feel effect of RBA changes to credit card fees
The Reserve Bank is planning to cap credit card fees paid by merchants and the ACCC will force businesses to recover only their costs in card surcharges.
by Shaun Drummond
Credit card mischief costs banks $50m in two years | afr.com
Banks have been ordered to pay $50 million in refunds and compensation to credit card customers over the past two years, an analysis of action taken by the Australian Securities and Investment Commission shows.
Responsible lending practices in relation to credit cards, along with home loans and car finance packages, will be the focus of initial hearings of the banking royal commission...
ANZ cuts credit card rates by 2 percentage points | afr.com
ANZ cuts credit card rates by 2 percentage points
ANZ's board held a regular meeting on Friday.
New credit card payment app Tap2App to challenge banks and ...
A new payments app is set to launch in Australia that will offer businesses a way to take credit card payments on a phone, without any extra hardware, unlike traditional Eftpos terminals or even the Square reader.
The Tap2App app, from US start-up xPressTap, turns any near field communication (NFC) enabled smartphone or tablet into a virtual card reader, which it claims can reduce merchant fees...