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News
Michael Moynihan: As habits change, it is important cash infrastructure remains available
3+ mon, 9+ hour ago (1579+ words) If you have old punts, or damaged euro notes, you can drop them in to the Central Bank, says Karen O'Leary. File picture: Leah Farrell/Rollingnews.ie The impact of snow on cash withdrawals. The national habit of wrinkling banknotes....
RBA to remove card surcharges in payments system overhaul
5+ mon, 5+ day ago (436+ words) Pet Industry News is Australia and New Zealand’s leading news service for the pet industry. The Reserve Bank of Australia plans to remove card surcharges as part of broader reforms intended to cut payment costs and boost competition. In a…...
Card Surcharge Ban Starts Soon: Here’s What You Need to Know
5+ mon, 1+ week ago (323+ words) Australia says goodbye to surprise card fees! Learn how the RBA’s new rules will save you billions starting October 1 and what it means for businesses. As part of the RBA’s long-awaited review of merchant card payment costs, Australians will no…...
BIG BANKS THE ONLY WINNERS IN RBA’S SURCHARGE BAN BLUNDER | Australian Association of Convenience Stores
5+ mon, 1+ week ago (466+ words) The Australian Association of Convenience Stores (AACS) has warned shoppers will ultimately pay more for products after the Reserve Bank of Australia (RBA) announced a half baked ban on card surcharges but gave the big banks and international card companies…...
RBA ban surcharges on most debit and credit cards
5+ mon, 1+ week ago (85+ words) National Seniors Australia Supported by NSA’s Review of Retail Payments Regulation 2024 Submission and highlighted through the ‘Keep Cash’ campaign, the RBA has banned surcharges on most debit and credit cards. At NSA, your voice is valued. Discover how we campaign…...
RBA bans surcharging, travel costs to rise
5+ mon, 1+ week ago (228+ words) The Reserve Bank of Australia (RBA) has announced a ban on surcharging for debit and credit card transactions, effective from 1 October 2026. This decision, according to the Australian Travel Industry Association (ATIA), will lead to increased travel costs for Australians and…...
Australia Bans Credit Card Surcharges and Slashes Interchange Fees to EU Levels — Is the U.S. Next?
5+ mon, 1+ week ago (809+ words) Eric Bank, Finance Writer Adam West, News Editor Our experts and industry insiders blog the latest news, studies and current events from inside the credit card industry. Our articles follow strict editorial guidelines. The Reserve Bank of Australia (RBA), the…...
RBA SURCHARGE BAN: BAD FOR BUSINESS AND CONSUMERS
5+ mon, 1+ week ago (850+ words) Australia’s Reserve Bank has ruled on the future of surcharges, deciding to end the practise on card payments from 1 October, in what is described as a “political fix” for the problems facing businesses. For years consumers opting to use their…...
Decades of dodgy card surcharging set to come to an end
5+ mon, 1+ week ago (798+ words) Personal finance and money advice / Credit cards and loans Checked for accuracy by our qualified fact-checkers and verifiers. Find out more about fact-checking at CHOICE When the Reserve Bank of Australia (RBA) introduced the payment card surcharging framework in 2003, it…...
RBA’s surcharge hit on the banks may miss bigger picture
5+ mon, 1+ week ago (104+ words) AFR Regulators rightly want the big four to be unquestionably resilient, but some senior bankers wonder whether the surcharge move sends a different message. In recent weeks, as it has become clear the Iran war won’t end quickly, the federal…...