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…...

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…...

11+ mon, 2+ week ago   (854+ words) Reserve Bank plans to drive down the fees on credit and debit card transactions will ultimately hurt Australian consumers while denying the country new technology that could make trips to supermarkets a thing of the past, one of the world’s…...

11+ mon, 3+ week ago   (769+ words) Reserve Bank governor Michele Bullock has ridiculed the nation’s banks and credit card providers, dismissing claims they will cut spending to prevent card fraud in response to plans by the RBA to slash fees paid by shoppers when they use…...

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,…...

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…...