Fees

CashPSPFinTechACCCCBDCOnlineRegulationDigitalA2AReportingConnectIDNPPGovernmentTap and PayAP+BECSOutagesPlatformChequecommercial cardsLCROpinionContractBlended pricingBanksAIScamsCryptoMerchant FeesTreasurerCybercrimeTransitIdentityFeesAnalysisRBASurchargingcredit carddebit cardBank@PostInflationMobile WalletFinancial crimepre paid cardsATMStart-upsFraud
ACCCACCC
+4+4
Supermarket inquiry was a missed opportunity on payments competition
Premium

Supermarket inquiry was a missed opportunity on payments competition

The final report for the ACCC's supermarkets inquiry was a missed opportunity to shine the spotlight on unfair card fees paid by Australian small businesses, says the Australian Association of Convenience Stores (AACS).

GovernmentGovernment
+3+3
Federal Government debit surcharges continue, despite proposed ban
Premium

Federal Government debit surcharges continue, despite proposed ban

Aussies are continuing to cop debit card surcharges for Federal Government services such as new passports, visas and national parks entry, despite a proposed ban.

CashCash
+2+2
Banks and the cost of doing business
Premium

Banks and the cost of doing business

Another day, and another “challenge” for the banks. NAB CEO and Australian Banking Association Chair (ABA), Andrew Irvine sat down for a panel discussion at the Trans-Tasman Business Circle Annual Economic Forecast event last Friday and lamented the cost of cash, saying “cash is viewed as free and digital payments are viewed as having a surcharge. This is actually the wrong pricing signal because the cost of a digital payment versus a physical payment is much, much lower.”

AIAI
+2+2
Adyen using AI to reduce fraud and costs for merchants
Premium

Adyen using AI to reduce fraud and costs for merchants

Adyen has announced an AI-powered payment optimisation suite which it claims will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments.

CashCash
+4+4
Monthly Payments Data Report
Premium

Monthly Payments Data Report

The RBA released its Retail Payments data as at December 2024 on the 7th of February. Here are the latest results.

RegulationRegulation
+7+7
Fees charged by card schemes under increased regulatory scrutiny around the world
Premium

Fees charged by card schemes under increased regulatory scrutiny around the world

The giants of the payment card industry, Visa and Mastercard are under an intensifying spotlight in a range of jurisdictions, including the UK, EU and Australia, with a key focus on the opaque scheme fees these companies dictate to banks and merchants. At least 80% of these fees are borne by merchants.

CashCash
+7+7
Get some rest during the holidays because 2025 will be a big year for payments
Premium

Get some rest during the holidays because 2025 will be a big year for payments

Some well-earned rest may be needed for payments industry executives and policy boffins over the holidays, before they face a very busy 2025.

RegulationRegulation
+8+8
Westpac backs scheme fee cap and dissecting blended pricing
Premium

Westpac backs scheme fee cap and dissecting blended pricing

Westpac has taken aim at the “complex” fees charged by card schemes like Visa and Mastercard, as well as controversial “blended” pricing plans imposed on many small businesses, in a comprehensive response to the Reserve Bank of Australia’s inquiry into merchant fees and surcharging.

CashCash
+2+2
CBA slammed for new cash withdrawal fee at branches and post offices
Premium

CBA slammed for new cash withdrawal fee at branches and post offices

The Assistant Treasurer has lashed out at the Commonwealth Bank’s decision to charge some customers $3 for withdrawing cash at its branches and post offices or over the phone.