Tag Archives: eftpos

Big banks still ‘feeding’ off SMEs

Ombudsman Kate Carnell says she’s concerned that major banks still haven’t lowered costs for the use of debit cards. Despite promises, she says, the banks still haven’t put into action the “least-cost routing” of debit cards’ tap-and-go payments. ‘Still waiting’ “The House of Representatives Standing Committee on Economics recommended banks …

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ARA pushes for streamlining payment options

The Australian Retailers Association has released its submission to the draft report of the Productivity Commission (PC) inquiry into competition in the financial system, advocating for payment reform to promote a more competitive, lower-cost payments system. ARA Executive Director Russell Zimmerman says key issues for retailers already struggling with high …

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Eftpos launches on Android Pay

Almost two million eftpos-only cardholders across Australia will now be able to pay using their Android mobile devices, with ANZ and Cuscal being the first Australian financial institutions to make the service available to eftpos-only cardholders. The service will use Australia’s first domestic token service provider (TSP) for increased security, …

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