Calls to end unnecessary high transaction fees
Peak industry bodies are calling for action to stop unnecessarily high debit card transaction fees being passed on to consumers.
Calls to end unnecessary high transaction fees Read More »
least cost routing
Top tips for retailers to save on merchant fees
Merchants are losing millions each year by not utilising LCR, but using these steps from Mangala Martinus, businesses can help rectify that.
Top tips for retailers to save on merchant fees Read More »
Eftpos announces new online security technology
The latest stage of eftpos’ online security technology is now live, with banks and merchants set to introduce the capability shortly.
Eftpos announces new online security technology Read More »
Suncorp helps support small business with ‘Wave and Save’
Suncorp’s new ‘Wave and Save’ aims to help businesses save on merchant fees through Least Cost Routing (LCR).
Suncorp helps support small business with ‘Wave and Save’ Read More »
RBA’s decision on Least Cost Routing falls short of industry expectations
The RBA has completed its Review of Retail Payments Regulation and decided to not mandate Least Cost Routing.
RBA’s decision on Least Cost Routing falls short of industry expectations Read More »
Australians back card fee choices of small businesses
A survey has found 83 per cent of Australians support small business’ ability to choose the cheapest option to process debit card payments.
Australians back card fee choices of small businesses Read More »
ACCC gives payment systems merger the green light
The ACCC has authorised the merger of BPAY, eftpos, NPPA but has said that the availability of least cost routing would be safeguarded.
ACCC gives payment systems merger the green light Read More »
Industry welcomes Treasurer Frydenberg’s backing to mandate Least Cost Routing
Treasurer Josh Frydenberg has called on the Reserve Bank of Australia to mandate Least Cost Routing (LCR) for cashless payments.
Industry welcomes Treasurer Frydenberg’s backing to mandate Least Cost Routing Read More »
Industry bodies launch petition to rally against crippling merchant fees
Peak retail bodies have launched a petition urging the Reserve Bank of Australia to take urgent action on debit card merchant fees.
Industry bodies launch petition to rally against crippling merchant fees Read More »
Small Business Ombudsman backs calls for least cost routing
A group of 12 leading organisations are calling on banks to make ‘least cost routing’ available to small businesses as a matter of urgency.
Small Business Ombudsman backs calls for least cost routing Read More »
RBA caution banks on ‘tap and go’ routing
The Reserve Bank of Australia has called on banks to make least-cost-routing services more widely available to small businesses. In her keynote address at the Morgan Stanley Disruption Evolved webcast yesterday, the RBA’s Assistant Governor (Financial Systems) Michelle Bullock said payment patterns had seen large and sudden shifts since the onset of COVID-19. Signalling the
RBA caution banks on ‘tap and go’ routing Read More »