‘Tap and go’ reforms would save merchants $290m a year, says small business ombudsman

A parliamentary committee recommendation for banks to reduce ‘tap and go’ transaction fees has attracted support from the Australian Small Business and Family Enterprise...

Excessive payment surcharge ban now in effect; consumer advocate encourages no surcharges

All businesses across Australia are now banned from hitting customers with excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express...

Small businesses urged to prepare now for forthcoming excessive payment surcharge ban

The Australian Competition & Consumer Commission (ACCC) is urging small business owners to prepare themselves for the excessive payment surcharge ban that will apply...

How InstallEx reduced the business burden of processing payments from its customer base

Having a pool of regular, paying customers is a huge boon in business but it’s by no means a guarantee of healthy cash flow...

Eftpos set to donate $2 million

Eftpos has pledged to donate up to $2 million to fight skin cancer and diabetes after running a campaign which sought community voting on how its donation should be spent.

Minimum EFTPOS spend finally dying out

Australia is turning its back on cash – almost 90 per cent of consumer payments now made online and through cards.

Consider independent EFTPOS options, businesses told

Rises in credit and debit card interchange fees will create income of $1.23 billion for banks this financial year and doesn't reflect the level of service the providers deliver, leading independent EFTPOS provider Tyro to urge businesses to consider alternative options.

Payment industry warned to better infrastructure or face intervention

An “unacceptable number” of payment system outages over the past 12 months has led the Reserve Bank of Australia’s (RBA) payment arm to warn the industry to boost innovation and stability or face regulatory intervention.

A look at the changing payments landscape

While Australians recognise the name, many don’t know how eftpos works and what happens when customers press ‘CHQ’, ‘SAV’ or ‘CR’ at the checkout.

Consumers to face rising EFTPOS charges

Consumer confidence will likely take another hit unless the big banks reject a looming deadline to raise EFTPOS fees, with proposed new “interchange fees” to come into effect from 1 October.


Australia facing its worst economic contraction in history

The ABS confirmed Australia’s first recession since 1990 after recording two consecutive quarters of economic decline. After being hammered by the pandemic, bushfires and drought,...

Let’s Talk: Investing to Succeed

Figuring out where to best invest your time and money is a difficult task. As businesses scale, leaders’ daily tasks become more and more...

Pandemic Leave Disaster Payment offered to Victorian workers living in NSW or SA

People who live in New South Wales and South Australia but work in Victoria are now eligible for a $1,500 Pandemic Leave Disaster Payment...

Afterpay doubles revenue and partners with Worldpay to go global

Despite the global economic slow-down, the shift to online spending and move from traditional forms of credit have boosted Afterpay’s position domestically and internationally. Afterpay...