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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…...
Fresh perspective on card surcharge ban: Here’s why it will hurt some businesses
9+ mon, 2+ week ago (374+ words) The Reserve Bank of Australia’s proposed ban on credit card surcharges could worsen inflation and force up prices for all consumers, the Australian Travel Industry Association (ATIA) warned. The RBA announced earlier this year it was looking to ban surcharges…...
Visa warns Reserve Bank fee cut plan will backfire on shoppers
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…...
Bullock blasts banks as she presses to end card surcharges
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…...
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…...