Cards

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

Banks line up against Amex as RBA weighs three-party regulation

Banks line up against Amex as RBA weighs three-party regulation

Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to ...
NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and AP+ warn card tokenisation closing off least-cost routing

NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on ...
Debit tips into double digits and pulls away from credit

Debit tips into double digits and pulls away from credit

Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. ...
ANZ puts December hard stop on Suncorp merchant acquiring

ANZ puts December hard stop on Suncorp merchant acquiring

Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their ...
Qantas, Virgin renegotiate with banks, loyalty profits to slow

Qantas, Virgin renegotiate with banks, loyalty profits to slow

Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, ...
CBA secures exclusive deal to issue Discover charge cards, with more likely to come

CBA secures exclusive deal to issue Discover charge cards, with more likely to come

Move over American Express, Commonwealth Bank (CBA) just secured the exclusive rights to be Discover's issuer in Australia, with plenty of perks ...
Westpac NZ adds personalised cashback to hotpoints cards

Westpac NZ adds personalised cashback to hotpoints cards

Westpac New Zealand has added personalised cashback offers to its hotpoints Mastercard program, using customer spending patterns to deliver targeted merchant rewards ...
CBA Discover deal to shake up local card market

CBA Discover deal to shake up local card market

Amongst the noise of CommBank’s announcement about its Yello rewards program there was a more significant announcement that has rocked the card ...
CBA takes rewards beyond cards and partners with Discover ahead of interchange cut

CBA takes rewards beyond cards and partners with Discover ahead of interchange cut

Ahead of the interchange crunch on October 1, Commonwealth Bank (CBA) is extending rewards across everyday banking, allowing nine million customers to ...
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 ...

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