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PayDay News | Australian Payments News

Surcharging

News about surcharging and consumer fees and how these are being regulated.

Is Amex sleepwalking into regulatory and customer nightmare?

Is Amex sleepwalking into regulatory and customer nightmare?

Visa spent 15 years killing surcharges now it wants the banks to do the dirty work

Visa spent 15 years killing surcharges now it wants the banks to do the dirty work

With every major scheme now committed to no-surcharge rules from October 1, attention turns to the wording no one will publish, the ...
US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules

US scheme twins Visa and Mastercard move in lockstep on “no surcharge” rules

Just days after eftpos and American Express, card scheme giants Visa and Mastercard have formally confirmed what most of the payments industry ...
Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Struggling small businesses and their customers will be forced to pay for costly premium Amex rewards programs and international card fees, after ...
eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos owner Australian Payments Plus (AP+) plugs least cost routing as merchants prepare to swallow billions in fees and questions swirl about ...
The RBA hasn’t banned surcharges — and the difference matters

The RBA hasn’t banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — ...
Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

While the Reserve Bank of Australia (RBA) and ACCC have only talked about surcharge restrictions for Visa, Mastercard and eftpos, US payments ...
Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Virgin is quickly following Qantas into package tours and non-card partners as it moves to counter cuts to interchange and the card ...
Schemes to play cop as the ACCC walks away from surcharging beat

Schemes to play cop as the ACCC walks away from surcharging beat

The ACCC is walking away from its role of regulating and policing card surcharging, leaving it to the big card companies – ...
Business groups seek urgent guidance on non-card discount rules

Business groups seek urgent guidance on non-card discount rules

As the surcharge ban looms, industry groups are predicting the return of cash discounts and the introduction of benefits for account-to-account payments ...
From Orlando: what America’s surcharge surge says about Australia’s October 1 scheme rule

From Orlando: what America’s surcharge surge says about Australia’s October 1 scheme rule

While the Reserve Bank has given the green light for the US card schemes to impose their “no surcharge” bans on merchants ...
No clarity on murky surcharge rules as high-cost Amex considers its own Aussie ban

No clarity on murky surcharge rules as high-cost Amex considers its own Aussie ban

Industry insiders say Amex may seize the opportunity to jump on the “no-surcharge” bandwagon despite its high fees, lack of regulation and ...

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