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News
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…...
RBA to end card surcharges as cash usage dwindles
5+ mon, 1+ week ago (40+ words) SMH.com.au The Reserve Bank has announced an end to surcharges on bank card payments, as cash usage continues to dwindle. Updated March 31, 2026 — 3:37pm,first published 3:33pm...
Australia Bans Card Payment Surcharges Starting October 2025
5+ mon, 1+ week ago (516+ words) BoE Holds Rates at 3.75% as Middle East Energy Shocks Stall Disinflation WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo Bank of Japan Signals Rate Flexibility Amid Yen Volatility Bank of Japan Faces Rate Uncertainty Amid Middle East Oil…...
Australia to ban surcharges on payment cards, cut bank fees
5+ mon, 1+ week ago (370+ words) Published on 03/30/2026 at 11:02 pm EDT SYDNEY, March 31 (Reuters) - Australian consumers will no longer face surcharge fees on card payments after the country's central bank said it would ban the widely disliked practice as inefficient and opaque. Wrapping up a months-long…...
Australian central bank bans card surcharges to save $1.6B
5+ mon, 1+ week ago (244+ words) The Reserve Bank of Australia announced a landmark ban on card surcharging effective Oct. 1, a sweeping reform designed to eliminate roughly $1.6 billion in annual fees currently slugged to consumers. In a policy decision handed down on March 31, RBA Governor Michelle…...
Australia to ban surcharging on payment cards, deliver savings worth A$2.5 billion
5+ mon, 1+ week ago (247+ words) SYDNEY, March 31 (Reuters) – Australia’s central bank said on Tuesday that it would end surcharges on debit and credit card payments for consumers from October 1, while lowering interchange fees paid by businesses in steps estimated to save about A$2.5 billion a…...
RBA credit and debit card surcharge ban to push up fees and rates
5+ mon, 1+ week ago (119+ words) The changes will come into effect in October after months of discussions with major banks, which are worried about a $660 million hit to their revenue. Credit card customers risk being slugged with higher fees and interest rates by the major…...
Banking customers warned about new debit card spend rules from March
6+ mon, 2+ week ago (265+ words) Major changes will impact how people spend money in shops Households are being warned to prepare for major changes around contactless spending in shops, restaurants and other places. The £100 contactless payment limit is being scrapped from March 19. This potentially means…...