Sydney car dealership under fire for $55 cash ‘surcharge’
The dealership said it was a cash handling fee that was mislabelled as a surcharge. Meanwhile, card surcharges are generally less than 1.5%.
Government releases draft legislation for Apple and Google Pay regulation
If passed the legislation would give the RBA power to regulate the likes of Apple and Google Pay like traditional payment methods.
Apple Pay just dismantled the control of banks and giant cards over merchants
Apple’s basic game plan this time is to get in ahead of the banks and regulators by using the iPhone’s tap-payments acceptance capability to open the market.
Apple’s iPhone ‘tap to pay’ system hits Australia, as SMEs weigh up fees and trust concerns
Australian small businesses can now accept payments directly through their iPhone, promising greater mobility to traders while upheaving the highly competitive point-of-sale (POS) market.
CBA wants urgent Apple regulation, direct access to iPhone payments as fees soar
The CBA has called for urgent regulation for Apple Pay in a Senate Economics Committee submission this week, saying time is of the essence.
Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
RBA changes mind, says Least Cost Routing can now happen on mobile wallets like Apple Pay
The Reserve Bank of Australia has substantively shifted its position on how banks and credit card schemes prioritise their products in mobile wallet Apple Pay.
What Apple’s BNPL product means for its users, and how the company benefits
With the launch of Apple Pay Later, the world's largest tech company is trying to consolidate its foothold in the world of consumer finance, and increase its profitability.
‘It’s actually a threat’: Apple crashes the buy now, pay later party, putting fintechs on high alert
Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.
Australian-founded startup Fast will cease operations, just a year after raising $131 million
Fast has announced it will cease operations, ending a one-touch payment system which once hoped to challenge Amazon for global e-commerce supremacy.
Apple has entered the payments race, and it’s brought the fastest car
If you're 'in payments' you’d be upset because Apple has decided to turn its iPhone into a payments processing device.
Hundreds of ANZ customers lose access to post office banking after corporate stand-off ends in tears
About 900 businesses regularly using postal banking will no longer be able to after negotiations between ANZ and Australia Post broke down.
