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PayDay News | Australian Payments News

Westpac confirms interchange pays for its credit card rewards

PayDay News
19 Nov, 2025
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Staff Reporter
PayDay News
19 Nov, 2025
Add us as a preferred source on Google
Westpac CEO, Anthony Miller told the Standing Committee on Economics yesterday that rewards are funded by interchange fees, despite the Reserve Bank ruling them an ineligible interchange cost.
Westpac confirms interchange pays for its credit card rewards
Westpac CEO, Anthony Miller confirmed that interchange fees were funding rewards Westpac CEO, Anthony Miller appeared at the Standing Committee on Economics yesterday and was questioned about interchange and rewards programs

Westpac CEO, Anthony Miller told the Standing Committee on Economics yesterday that rewards are funded by interchange fees, despite the Reserve Bank ruling them an ineligible interchange cost.

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