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News
Cash is King: Is cash making a comeback?
1+ mon, 2+ week ago (686+ words) Increasingly when we buy, we reach not for our wallets, but for our phones. When we check our balance, we feel the vibration of a notification, not the rustle of loose change in our pockets. But is cash making a…...
Demand for "cash" shows no signs of slowing down
1+ mon, 3+ week ago (169+ words) logos-pres.md Demand for “cash” shows no signs of slowing down According to the latest data from the National Bank of Moldova (NBM), in June alone, cash withdrawals increased by 371 million lei (+2.3%) compared to the previous month, reflecting consistently high…...
Cash is king (but is it?)
3+ mon, 5+ day ago (19+ words) Money market funds offer stability, but after tax and inflation, long-term returns may barely preserve investors’ purchasing power....
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…...
RBA weighs in, to lower costs for business
5+ mon, 1+ week ago (378+ words) Still ahead today, RBA March meeting minutes: The Reserve Bank of Australia has announced sweeping reforms to the country’s payments system, including a ban on card surcharges and a reduction in interchange fees, in a move expected to deliver around…...
Fed issues biennial report on debit card transactions in 2023
7+ mon, 2+ week ago (312+ words) Recently, the Fed released its eighth biennial report on debit card transactions, providing an in-depth look at industry trends for 2023, pursuant to Section 920 of the EFTA. The report stated that payment card networks processed 100.7 billion debit and prepaid card transactions…...
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
8+ mon, 3+ week ago (148+ words) An official website of the United States Government Official websites use.gov Secure.gov websites use HTTPS Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card…...
RBA boss takes swipe at queries on card surcharges
11+ mon, 3+ week ago (437+ words) Reserve Bank boss Michele Bullock has hit back at the banking lobby and a Liberal MP after financial institutions took aim at the RBA's efforts to weed out unfair card payment surcharges. Speaking before a parliamentary economics committee on Monday,…...
The RBA wants to ban debit and credit card surcharges. Banks are fighting back
11+ mon, 4+ week ago (727+ words) Banks say the RBA and government are not telling consumers about the true cost of the changes, including higher fees and weakened loyalty programs Banks have threatened to increase credit card fees and make it harder to earn rewards if…...