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News
California inflation relief debit cards set to expire April 30, leaving unclaimed funds at risk
4+ mon, 2+ week ago (261+ words) State urges residents to use Middle Class Tax Refund balances before deadline; unused funds will revert to general fund LOS ANGELES — California officials are urging residents to act quickly as Middle Class Tax Refund (MCTR) debit cards — issued during the…...
Inflation relief debit cards with unclaimed funds set to expire April 30th
4+ mon, 3+ week ago (127+ words) If you still have an inflation relief debit card from a few years ago, you might want to use it or lose it. In 2022, California issued $9 billion in direct payments that were sent to nearly 32 million Californians under the Middle…...
'It's going to shock a lot of businesses': surcharge impact to be felt in the Riverina
5+ mon, 1+ week ago (386+ words) Wagga business owners have mixed feelings about the impending surcharge ban on EFTPOS transactions. Customers will no longer have to pay hidden charges from October 2026 as the Reserve Bank moves to stamp out fees for electronic payments. The announcement made…...
RBA surcharge cuts and the ramifications for the card giants
5+ mon, 1+ week ago (283+ words) RBA’s surcharge ban strips away industry excuses and forces banks and small business to confront costs, all as payment behemoth Mastercard faces a defining showdown with the ACCC. Expert news and commentary, accessible anytime on web & app. Swipe through the…...
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…...
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…...
Australia to scrap card surcharges in October
5+ mon, 1+ week ago (293+ words) The RBA noted businesses charging the same rate on all cards. Australia’s central bank is removing surcharges on debit, prepaid, and credit cards on designated eftpos and card networks, saying that it no longer achieves its original purpose. Separately, the…...
Shoppers set to wear cost of card surcharge ban
5+ mon, 1+ week ago (46+ words) Cheyanne is a business reporter at The West Australian. Prior to joining the team in Perth, she spent nine months at the Pilbara News, covering general news, council, court and sports. Cheyanne holds a double major in Journalism and Global…...
Reserve Bank hands down card surcharge decision
5+ mon, 1+ week ago (296+ words) The RBA says it will remove card surcharges by 1 October. Image: yuttapon/stock.adobe.com The Reserve Bank of Australia (RBA) has published its Review of Merchant Card Payment Costs and Surcharging, with reforms now set to be introduced to…...
Card surcharges are officially dead in Australia from October
5+ mon, 1+ week ago (231+ words) The Reserve Bank of Australia has officially banned card payment surcharges across all eftpos, Mastercard and Visa networks nationwide. Stay up to date with what’s happening in and around Melbourne here. Alongside the surcharge removal, the RBA is lowering the…...