News
What the RBA payments shake-up means for your frequent flyer points
1+ day, 21+ min ago (165+ words) What the RBA payments shake-up means for your frequent flyer points'AFR Are bulk credit card frequent-flyer points for the chopping block? And if so, what's the best strategy now? From the upcoming Highflyer magazine, out on February 27. As a consumer,…...
RBA could backtrack on plan to ban credit card surcharges
2+ mon, 2+ week ago (121+ words) Minutes from the Payments System Board meeting show the central bank is also considering steps to appease the big banks" concerns about interchange fees The Reserve Bank of Australia might water down its controversial proposal to impose a ban on…...
RBA hits back at CBA, says SMEs shouldn’t pay for credit card rewards
5+ mon, 4+ week ago (222+ words) The Reserve Bank says moves to cut payment costs for small business are aimed at reducing cross-subsidies built into the system including frequent flyer points. Gift 5 articles to anyone you choose each month when you subscribe. The Reserve Bank of…...
How your credit card points will suffer from the RBA crackdown
7+ mon, 2+ day ago (178+ words) A big part of the funding for credit card reward schemes offered by Visa and MasterCard comes from the interchange fee the RBA wants to cap. Gift 5 articles to anyone you choose each month when you subscribe. The Reserve Bank's…...