Cards

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

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 economics of ...
November 1 is when things get messy

November 1 is when things get messy

When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to the bill ...
Coles Pay closes as the company steps into bank rewards void

Coles Pay closes as the company steps into bank rewards void

Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card ...
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 ...
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 ...
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 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 ...

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