Posts tagged "rba"

Fresh commentary from Reserve Bank of Australia governor Michelle Bullock has one barbershop founder "in shock", after she suggested lower spending at hairdressers and salons could help the fight against inflation.

Sydney fintech Blossom has launched fixed income investment products for SMEs and SMSFs just days after another cash rate rise from the RBA.

Interest rates look set to climb higher, after the Reserve Bank of Australia today decided to raise the official cash rate by 25 basis points to 4.35%.

The dealership said it was a cash handling fee that was mislabelled as a surcharge. Meanwhile, card surcharges are generally less than 1.5%.

If passed the legislation would give the RBA power to regulate the likes of Apple and Google Pay like traditional payment methods.

Sydney restaurant chain Burger Head has delivered an unvarnished view of life in the hospitality business, using a series of public posts to explain the "devastating" decision to close its remaining brick and mortar stores.

The Reserve Bank of Australia has given breathing room to the major banks and payment service providers failing to promote least-cost routing among merchants, saying they have until June 2024 to boost merchant uptake before facing a regulatory crackdown.

The GST scam that went viral on TikTok continues to get worse as the ATO admits that it had to payout double what it initially reported.

Payment giants Visa and Mastercard have pledged not to offer merchants cut-price credit transaction rates if they lock into their debit transaction systems, a move small business advocates hope will level the playing field for local SMEs.

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.

It’s been more than 12 months since the RBA began raising interest rates to combat inflation, and consumers are really starting to feel th…

Jim Chalmers is set to announce the phasing out of cheques and BSB payments, as well as push for more RBA regulation of digital wallets.