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RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue
The Reserve Bank of Australia (RBA) has told a large industry forum in Sydney that it has “significant and ongoing” concerns about small businesses having to pay much higher fees for card processing than big business.
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AUSTRAC expects payments industry to know and report illegal tobacco sellers
AUSTRAC has warned elements of the payments industry currently supplying payments terminals and ATMs to illegal tobacco shops that it expects them to follow the law, know their customers and report illegal transactions.
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AUSTRAC expects payments industry to know and report illegal tobacco sellers
AUSTRAC has warned elements of the payments industry currently supplying payments terminals and ATMs to illegal tobacco shops that it expects them to follow the law, know their customers and report illegal transactions.
Australia regulates Crypto to unleash opportunities, while Washington moves to make the US the “Bitcoin superpower”
Just after US President Donald Trump highlighted his very public support for cryptocurrency, the Australian Government has moved to regulate and “provide clarity and certainty to the digital assets sector”.
Inquiry to adjudicate industry split over property settlement monopoly
The members of a Senate Committee Inquiry face the daunting task of shaping the future of a cornerstone of the Australian economy – buying property - against a backdrop of industry discontent, outages and big business profits.
