News
April 05: RBA Cuts Hit Card Rewards; Qantas Points Without Credit Cards
2+ day, 5+ hour ago (287+ words) What exactly did the RBA change? The RBA moved to ban card surcharging for consumers and to reduce interchange fees that flow from merchant banks to card issuers. Lower acceptance costs should appear at checkout. Details and timing will be…...
Australia Card Surcharge Ban April 01: RBA Caps Fees, Boosts Transparency
6+ day, 8+ hour ago (502+ words) The RBA surcharge ban takes effect on 1 October 2026. It will prohibit merchants from adding a credit card surcharge at checkout and reduce interchange caps across debit and credit. Networks must comply through scheme rules and acquirer contracts. The Bank also…...