Optus outage: Federal government urges compensation for small businesses
Compensation for small businesses hit by yesterday's Optus network outage "has to be on the table," Financial Services Minister Stephen Jones says, as entrepreneurs across the country deal with the aftermath of lost sales and severed communications.
Regional banking inquiry: NSW tourism hotspot, Tasmanian business advocates to argue why cash is king
Businesses, councils, and banking representatives will speak at public hearings held by the Senate Standing Committee on Rural and Regional Affairs and Transport.
Card transaction surcharging on the rise, Zeller says, as merchants seek cost-saving measures
Australian fintech Zeller says half of all transactions processed through its terminals in May 2023 included a surcharge for customers.
Small, but vocal, Facebook groups are calling for Aussies to boycott cashless businesses
A small but vocal group of Australians are using social media to name and shame businesses which do not accept cash, despite contactless card transactions becoming the de facto form of payment for enterprises across the country.
SMEs slogged with card transaction fees three times higher than big business, with least-cost routing yet to reach full potential
Australia's smallest businesses are saddled with card transaction fees triple that applied to major corporations and the take-up of cheaper options remains "disappointingly low", according to the Reserve Bank of Australia.
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.
‘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.
