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The Latest Breaking News from EFTPOS

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

The Guardian - AU

Card payment surcharges should be banned for debit and credit payments, RBA says

Surcharges on Eftpos, Mastercard and Visa card payments would be eliminated from July 2026 under proposal from Reserve Bank

The Guardian - AU

Service returns after ANZ app and online banking outage

An outage lasting several hours has struck ANZ's app and online services, sparked by a "technology issue relating to a third party vendor".

AAP

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Dead gambler's fast cash withdrawals at pokies club

New allegations surrounding Hellenic Club poker machines

The Canberra Times

The $1b hidden cost of going cashless

Expert says 'the top end of town' is making bank at our expense

Newcastle Herald

Alleged serial fraud operation 'prolific and sophisticated', court told

A man is facing more than 130 fraud and theft charges.

The Canberra Times

The lesson we learnt from the Optus crash when, for a brief moment, cash was king again

Small businesses are the first to feel the pinch when the EFTPOS becomes a paperweight.

Newcastle Herald

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'Cash only': Optus network outage hits Hunter businesses

Businesses relying on Optus accounts can't take Eftpos payments.

Newcastle Herald

Shoppers warned against paying more than 3% card surcharges

Eftpos provider hopes to launch contactless debit payments in next two years, freeing consumers from shackles of big credit card companies

Newsroom.co.nz

Commerce Commission warned as big credit card firms resist crackdown

NZ's biggest payments operator warns the groundbreaking free eftpos network is under threat, and its attempts to set up a contactless digital 'card' have been blocked by outdated rules.

Newsroom.co.nz

Mastercard denies ACCC allegations

Mastercard has denied that it tried to reduce competition by deterring customers from using EFTPOS as it defends Federal Court proceedings by the ACCC.

AAP

Adelaide man scams SA businesses out of $35k by using fake credit card details, wins Supreme Court appeal

A South Australian man who used fraudulent credit card details to scam businesses out of $35,000 has been released from jail early after an appeal to the Supreme Court.

ABC News

ACCC sues Mastercard over retailer deals

The ACCC alleges Mastercard entered into agreements with more than 20 major retail businesses that hindered competition by deterring them from using eftpos.

People

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