A comprehensive survey of Australia’s small and mid-sized businesses has found owners and operators are increasingly turning to personal credit, loans from friends and family, and savings as a means of plugging cash flow gaps.
Two thirds of Australians are planning to spend less on gifts, sale shopping and family entertainment this Christmas, according to a new survey by finance comparison website Mozo.com.au.
The Australian Retailers Association (ARA) is urging its members to consider their right to apply surcharges for credit card purchases, with consumers who pay in cash likely to welcome the practice.
In today’s day and age of credit card fraud, hackers and identity theft, the need for credit card data protection and customer payment security has never been so great.
Contactless smart cards are expected to boom in the Asia-Pacific region as soon as 2012 once key implementation projects are fully operational according to new research.
Credit card holders have long been seduced by the lure of a free toaster, frequent flyer miles or cash back — and small businesses are no exception, with many using personal credit cards for regular business expenses.
Virgin Money’s launch of new credit cards and an online savings account is good news for consumers who have been victims of gouging by the four major banks.
Australians prefer using other methods of payment over credit cards, with RBA statistics showing only 41.88% of card transactions involve credit cards, compared to 50.34% five years ago.
Australian shoppers are yet to resume spending since the global financial crisis, with many concerned over the security of their jobs as the economy recovers.
Westpac has announced a change in policy for credit card owners and will now charge interest on interest and as well as on fees paid by customers for items such as late payments.
