LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Risky ride for Amex while RBA decides its fate

Editor
1 Jul, 2026
Add us as a preferred source on Google
Warwick Ponder
Editor
1 Jul, 2026
Add us as a preferred source on Google
Over the next two years, the Reserve Bank of Australia will scrutinise potential competition and efficiency issues associated with American Express, while the company takes a risky bet on merchants continuing to honour its cards without the ability to surcharge its hefty fees.
Risky ride for Amex while RBA decides its fate
Image generated by AI.

Over the next two years, the Reserve Bank of Australia will scrutinise potential competition and efficiency issues associated with American Express, while the company takes a risky bet on merchants continuing to honour its cards without the ability to surcharge its hefty fees.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Sleepless payments: the mental health cost of keeping money safe
Scams, AI attacks and constant availability are testing payments workers’ wellbeing, from fraud desks to armoured trucks, as employers face pressure to address workloads, recovery time and job
Hello Clever says wellbeing starts before workers burn out
Hello Clever’s people chief Celia Baée says payments businesses must look beyond wellbeing programs, building trust through accountable leadership, sustainable workloads and support as AI and rapid change
AusPayNet says protecting mental health must be central as AI reshapes payments
AusPayNet’s Annette Young says staff wellbeing underpins payments resilience, urging employers to provide clarity, build confidence with AI and collaborate on the human impact of technological change.
Payments resilience starts with people: Global Payments
Global Payments’ Colin Baines says round-the-clock demands, cyber risks and technological change require sustainable workloads, practical support and leaders who treat staff wellbeing as a shared responsibility.
Amex “no surcharge” exodus?
American Express may face an acceptance revolt beyond the government, council and retail business that already block its cards in Australia. Three of Australia’s major banks – Westpac,

RELATED STORIES ▸

Late eftpos cuts online fees while hiking prop rates at POS
Late eftpos cuts online fees while hiking prop rates at POS
Late eftpos cuts online fees while hiking prop rates at POS
Australian Payments Plus (AP+) has slashed online eftpos interchange by up to 70%, but small proprietary debit purchases rise 40% ...
Woolies and CBA turn on grocery rewards for 9M customers
Woolies and CBA turn on grocery rewards for 9M customers
Woolies and CBA turn on grocery rewards for 9M customers
The same day surcharging was “banned” and credit card rewards shrank across Australia, Woolworths’ and Commonwealth Bank went live with ...
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Organisations across the economy are rejecting credit cards, adding new fees and prices are rising at retailers and bowsers as ...
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the ...
Business cards to boom as consumer rewards take RBA haircut
Business cards to boom as consumer rewards take RBA haircut
Business cards to boom as consumer rewards take RBA haircut
Banks are cutting consumer rewards while offering ABN holders 375,000-point bonuses, as government-issued NAB cards retain commercial rates, exposing small ...
Square debit switch puts pressure on eftpos and Cuscal
Square debit switch puts pressure on eftpos and Cuscal
Square debit switch puts pressure on eftpos and Cuscal
Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information