News about fees including interchange, scheme fees and margin
Publication of the RBA’s payments roadmap put Tyro’s share price under pressure on Tuesday, but the business fallout will be more widely distributed in the payments sector.
Fintech
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Small business groups say the RBA’s proposed reforms won’t bring down card fees anywhere near as much as anticipated, and consumers will end up paying higher prices.
Merchant Service Fees
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With its future under the cloud of a languishing share price, US rivals looking to Australia for acquisitions, and the RBA set to up end its business model, Tyro is vowing to go it alone.
Visa and Mastercard's interchange fees infringe competition law, a London tribunal has ruled in the latest round of the ongoing legal battle.
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When the Reserve Bank of Australia (RBA) kicks off its consultation on the Review of Merchant Card Payment Costs and Surcharging next Tuesday, Australia will have three big payments consultations running in tandem. Why?
Visa has started informing clients about two upcoming scheme fee hikes, PayDay News understands.
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Federal Treasurer Jim Chalmers has ducked for cover after his office was asked to explain why taxpayers are wearing the cost of government agencies only being able to accept online debit card payments processed through the Visa and Mastercard networks.
For many years PayPal has been a leading online processor of merchant transactions. However, recent financial disclosures indicate that the company is losing ground in the Aussie payments market to Stripe and others.
If you spend any time on internet forums talking about the value of premium credit cards, you will stumble across any number of self-styled experts who willingly dish out advice but are just cosplaying.
A group of prominent European retailers has renewed calls to regulate fees charged international card schemes (ICS) on card transactions, saying a lack of controls is seriously undermining efforts to reduce the cost of card payments.
In 2021 the Reserve Bank gave banks 12 months to roll out least-cost routing for card-not-present payments. However, in 2025 the RBA-managed online payments platform - EasyPay – still hasn’t processed an eftpos transaction.
The European Commission is investigating the fees charged by Visa and Mastercard after a group of Europe's biggest retailers asked it to take action under EU antitrust rules.
New data reveals external dependencies remain a critical vulnerability for the Australian payments system, following a Mastercard outage in March which triggered the most widespread disruption to card payment services seen since reporting began four years ago.
The UK’s payments regulator may have published its final report for its current review but is not done with Mastercard and Visa, following a 25% increase in scheme fees since a surcharge ban was implemented.
With endless talk about United States tariffs and trade imbalances over the past week, nobody in Australia is talking about the elephant in the room – United States payments, technology and tech platforms are siphoning billions of dollars from the Australian economy annually.
Mastercard has unveiled a five year “vision” for Australian payments, but an industry expert is concerned it will reduce competition, add complexity and keep fees high.
The RBA latest 6-monthly data on Least Cost Routing (LCR) highlights not only how far there is to go to full enablement, but the reasons why Australia’s acquirers aren't there yet.
