Mastercard

• Ian Rogers

Interchange will be in the spotlight in the Reserve Bank of Australia’s upcoming review of payments fees and payments regulation. read more

• Ian Rogers

Following its entry into Eftpos and the New Payments Platform, JP Morgan Australia is poised to enter the acquiring business. read more

• Ian Rogers

The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more

• Ian Rogers

The Federal Court has ruled in favour of the ACCC in proceedings against Mastercard, over the relevance of Reserve Bank of Australia payments data to a marathon civil trial scheduled for next year. read more

• Ian Rogers

Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” read more

• Ian Rogers

Interchange fees in New Zealand may be slashed hard, if one of the preferred reform options outlined by the Commerce Commission ends up being adopted. read more

• Ian Rogers

Ellis Connolly, the Reserve Bank’s head of payments policy touched on every hot-button issue in online payments in a speech yesterday, one that foreshadows “a holistic review” on the Reserve Bank’s ap.. read more

• Ian Rogers

A clutch of opinionated voices have formed the Independent Payments Forum. They are Brad Kelly, Warwick Ponder, Russell Zimmerman, and Peter Drennan. A trio of influential small business associations.. read more

• George Lekakis

Exponential market share gains in online payments processing made by domestic debit scheme Eftpos appear to have induced price responses from Visa and Mastercard. read more

• George Lekakis

Commonwealth Bank is preparing to slash the size of its credit card product suite, with plans to put five products in run-off early next month. read more

• Banking Day staff

Former chief executive of the Consumer Action Law Centre, Gerard Brody, has joined the board of the Australian Financial Complaints Authority. read more

• John Kavanagh

Mastercard is using its accreditation under the Trusted Digital Identity Framework to conduct an age verification pilot with Service New South Wales and alcohol delivery company Tipple. read more

• George Lekakis

Mastercard has filed a formal statement of defence in the Federal Court action brought against it by the Australian Competition and Consumer Commission for alleged anti-competitive conduct in the debi.. read more

• George Lekakis

Mastercard is facing a drawn out legal battle over alleged anti-competitive pricing activity in the card payments market after the Australian Competition and Consumer Commission launched an civil acti.. read more

• George Lekakis

The industry debate between banks and small business groups over merchant fees is set to escalate after the Australian Banking Association accused independent research firm - CMSPI - of “inflating” th.. read more

• John Kavanagh

Mastercard has selected Australia, along with the US and the UK, for the initial rollout of its new payment offering, Mastercard Installments – a buy now pay later program for online and instore payme.. read more

• George Lekakis

Latitude Financial faces a public backlash after a controversial decision to abandon the rewards programs attached to several of its Visa and Mastercard products. read more

• George Lekakis

National Australia Bank is set to stir strategic tensions with global card schemes Visa and Mastercard after revealing it would pay $1.2 billion to buy Citi Australia’s consumer banking assets. read more

• John Kavanagh

The decline in credit card activity, which has prompted one commentator to describe the credit cards as a “legacy product”, has taken on serious proportions, with banks’ credit card balance falling by.. read more

• Banking Day staff

ANZ has promoted its head of resources, energy and infrastructure, Paul Orton, to the role of group general manager internal audit. read more