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Merchants will be banned from surcharging the cost of accepting credit and debit card payments from October 1, in a suite of reforms the RBA hopes will ultimately drive down costs for traders and ...

The RBA will remove surcharges on debit and credit cards, saving consumers and businesses about $1.8 billion each year. The package of reforms also includes lowering the caps on interchange fees paid ...

On Tuesday, the RBA released its long-awaited review of merchant card payment costs and surcharging. As part of three key changes, the RBA says it is removing surcharging on debit, prepaid and credit ...

Michele Bullock has ramped up the political pressure on the big banks, but don’t expect them to simply swallow the cost of your Qantas points. Good riddance surcharges – they were a rort. Businesses – ...

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A conflict at the heart of the Reserve Bank's mandate could determine the outcome of its next interest rates decision. Minutes from the central bank's March meeting published on Tuesday revealed a ...

Australia’s central bank said it’s impossible to confidently predict the path for policy after raising interest rates for a second time this year as a surge in oil prices from the Middle East war fans ...

SYDNEY—The Reserve Bank of Australia has approved two public-speaking events by external members of its policy-setting board, breaking with past practice where messaging was left to the governor and ...

The Reserve Bank of Australia will ban surcharges on most credit and debit card payments from October 1. The change aims to save consumers $1.6 billion annually by eliminating complex fees on debit ...

Regulators rightly want the big four to be unquestionably resilient, but some senior bankers wonder whether the surcharge move sends a different message. In recent weeks, as it has become clear the ...