Card Fee Ban Could Backfire on Cash Customers

Card fee ban could backfire on cash customers

Small businesses would be forced to pass on higher costs across the board, warning the Reserve Bank’s proposed ban on surcharges could backfire on consumers.

Warning as banks back scrapping card surcharges for consumers

Australia’s surcharging framework has been described as ‘broken’.

Banks back scrapping card surcharges for consumers

The Australian Banking Association supports a ban on credit card surcharges for consumers but baulked at capping the fees that merchants pay card issuers.

Banks back card surcharge ban, but slam RBA’s fee cap proposal

Australian banks strongly support banning card surcharges, but want the RBA to rethink its proposed cap on the fees merchants pay card issuers. The post Banks back card surcharge ban, but slam RBA’s fee cap proposal appeared first on SmartCompany.

Australian banks support card surcharging ban, urge alternative on interchange fees

Australian banks strongly support the RBA’s proposed ban on debit and credit card surcharges, while overwhelmingly calling for an alternative pathway forward on interchange fees.  The ABA has made the following calls in a submission to the RBA’s current consultation on the Review of Merchant Card Payment Costs and Surcharging:  proceed with a comprehensive surcharging ban make no changes to the overall level of debit and credit interchange sett…