The removal of surcharges on debit and credit cards is one of the sweeping reforms from the Reserve Bank.

The changes will come into effect in October after months of discussions with major banks, which are worried about a $660 ...

The Reserve Bank of Australia has announced an official end to surcharges on debit and credit cards, slashing those pesky ...

Credit and debit card surcharge fees will be scrapped from October 1 in a move that is expected to save consumers $1.6 ...

As announced by the RBA’s Payments System Board (PSB), the new policy will ban card surcharges for payments using eftpos, ...

The RBA has scrapped a hidden fee that was costing Australians $1.6bn a year in a major change for shoppers – but there’s a ...

The Durbin Amendment was enacted with the intention of knocking down interchange fees and easing the burden on consumers and merchants alike. Card networks are soaring through loopholes to maintain ...

The ban is expected to save Australian consumers $1.6 billion a year in unnecessary fees but will likely cause a dramatic ...

A billion-dollar battle over who pays card fees has split retailers and banks as the Reserve Bank prepares to reshape Australia’s payment system.