Cards

News about card payments, including debit, credit and pre-paid cards.

Visa credit hits 1%, the largest annual fee rise of any scheme

Visa credit hits 1%, the largest annual fee rise of any scheme

Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, ...
ATO confirms card payments review, with Amex ban talk rife

ATO confirms card payments review, with Amex ban talk rife

After pushing the Reserve Bank of Australia (RBA) to allow a surcharge ban, card schemes have already been ejected from Macquarie’s multi-billion ...
NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms

NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms

CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as NAB, ANZ ...
HSBC retail exit leaves future of Australian credit card portfolio in limbo

HSBC retail exit leaves future of Australian credit card portfolio in limbo

Just weeks after being slapped with a $35 million fine for failing to protect scam victims, HSBC's decision to exit Australian retail ...
No need for myki – Victoria’s buses complete the $2 billion tap puzzle

No need for myki – Victoria’s buses complete the $2 billion tap puzzle

Better late than never. Victorians and visitors to the Garden State no longer need to struggle with myki. From this week, you ...
Virtual WEX and the big fleet payments shake-up

Virtual WEX and the big fleet payments shake-up

WEX has been primarily known as a fuel card business in Australia since the 1980s but it was only ever the visible ...
Gift card and loyalty player Ogloba enters Aussie and NZ markets

Gift card and loyalty player Ogloba enters Aussie and NZ markets

With credit card loyalty schemes under pressure, Hong Kong-based Ogloba has appointed former Shift4, Wex and Placard veteran Larry Samuels to lead ...
Credit follows debit as mobile taps cross the halfway mark

Credit follows debit as mobile taps cross the halfway mark

Preference for mobile over physical cards already seen among debit users is now showing up in credit, with more than half of ...
Tap-and-go cash “gouge”: Mastercard ramps up ATM scheme fees

Tap-and-go cash “gouge”: Mastercard ramps up ATM scheme fees

More Australians are pulling out cash by tapping a phone, watch or card at the ATM and Mastercard is cashing in with ...
Risky ride for Amex while RBA decides its fate

Risky ride for Amex while RBA decides its fate

Over the next two years, the Reserve Bank of Australia will scrutinise potential competition and efficiency issues associated with American Express, while ...
Is high-cost “Ultra” premium debit really the future of rewards?

Is high-cost “Ultra” premium debit really the future of rewards?

As we move through the next phases of the RBA’s changes, we will learn exactly how the schemes and issuers intend to ...
EFTEX celebrates 25 years after first ATM transaction

EFTEX celebrates 25 years after first ATM transaction

From a single ATM transaction to processing almost 200 million payments worth $30 billion a year, EFTEX is celebrating 25 years as ...

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