MasterCard unveils new mobile wallet service
Tuesday, 08 May 2012
MasterCard announced a new type of mobile wallet service last night, in an attempt to make the process of paying with mobile phones easier for consumers.  ...

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GST review backs retailers in push for online sales tax
Tuesday, 24 April 2012
An interim review of GST distribution has backed retailers in their push for the Government to address the growth of offshore sales by introducing a tax for imports.  ...

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MasterCard unveils five-year plan for contactless payments, retailers to be on board by 2014
Tuesday, 29 March 2011
Credit card giant MasterCard has announced a new five-year plan designed to change how payments work in Australia and around the world, announcing that many new merchants will need to be equipped with contactless terminals by October 2012.  ...

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Wikileaks founder Julian Assange denied bail on rape charge, Rudd confirms consulate support
Wednesday, 08 December 2010
Former Prime Minister Kevin Rudd has confirmed the Federal Government will provide consular support to Wikileaks founder Julian Assange, who was last night denied bail on sexual assault charges by a London Court.  ...

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Consumer group warns SMEs, clearly display credit card surcharges or customers will walk
Tuesday, 16 November 2010
Businesses must clearly display details of credit card surcharges or risk losing customers and even possible legal action, consumer group Choice has warned as part of new research showing businesses are often using surcharges above and beyond "reasonable" amounts. ...

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Meet the man most likely to become Warren Buffett’s successor
Wednesday, 27 October 2010
Two days ago, Todd Combs was a little-known fund manager running a little-known investment fund in Greenwich, Connecticut.  ...

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How to build a loyalty program
Tuesday, 30 March 2010
It’s estimated that there are around 200,000 loyalty programs operating in Australia, which makes it extremely difficult for a business to stand out from the crowd.  ...

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Commonwealth Bank introduces contactless payments
Friday, 16 October 2009
The Commonwealth Bank is now introducing contactless payment terminals that will allow MasterCard PayPass and Visa PayWave cardholders to pay for purchases less than $100 by only waving their card over a reader.  ...

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Wave-and-go payment system launched in Melbourne
Tuesday, 22 September 2009
A contactless payment system introduced by NAB has begun a commercial roll-out in over 500 Melbourne businesses that eliminates the need for customers to enter a PIN or sign for transactions under $100.  ...

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Can I use Google’s shopping cart?
Friday, 14 August 2009
As we hurtle along at breakneck speed in the online world, the battle is well and truly on between Google and the new Yahoo and Microsoft merged entity. Both companies are trying to win the hearts and minds of users by offering more and more features to build ...

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Shares gain ground, Westpac scraps discount shareholder deals: Economy roundup
Thursday, 02 July 2009
The Australian share market has opened higher today, led by positive results in the US and good results for mining shares.  ...

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How the iPhone app market could change online retail and the media: Kohler
Wednesday, 17 June 2009
The incredible blooming of iPhone applications and the creation, from nowhere in just a couple of years, of a booming global ‘iPhone app' cottage industry, has demonstrated the biggest tragedy of the internet: the failure to find a viable micropayments system. ...

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PayPal Australia targets non-profit, education and government markets
Tuesday, 28 April 2009
Electronic payment group PayPal Australia, a subsidiary of online auction house eBay, will attempt to push beyond its online auction roots into the local government, non-profit and education markets.  ...

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Woolworths launches credit card
Tuesday, 19 August 2008
National retail chain Woolworths will launch its own branded credit card next month in a move designed to carve out a position in the Australian financial services sector. ...

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Australians don’t like carrying cash
Tuesday, 15 July 2008
Australians feel more uncomfortable carrying large amounts of cash around in their wallet or purse than any other people in the world, a new global survey of more than 7000 people shows. ...

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Online retailers could be vulnerable to credit card fines
Tuesday, 24 June 2008
Small retailers moving into online selling could be at a greater risk of failing to comply with industry standards on credit card security, a key retail industry group says. All retailers are required to comply with the payment card industry data security ...

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PIN option on credit and debit cards introduced today
Wednesday, 04 June 2008
Personal identification number (PIN) verification on most credit and debit cards will be introduced across Australia today. The PIN option will be available when the cardholder selects to press the “Cr” or “credit” button on the point-of-sale machine after ...

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Credit card payment system to change from June
Monday, 05 May 2008
Customers will be able to authorise credit card purchases using a PIN instead of the traditional signature from June under changes to be implemented by major card issuers. From 4 June, consumers using one of the 600,000 point of sale payment terminals located ...

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Card interchange changes on cards: RBA
Tuesday, 22 April 2008
The Reserve Bank will push ahead with a new raft of changes to debit and credit card interchange fees that could save merchants and consumers billions of dollars. In a win for retailers, the RBA has proposed changes that would allow merchants to make independent ...

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Online credit card fraud booming
Tuesday, 05 February 2008
The value of online fraud, using Australian credit cards and Visa and MasterCard debit cards, soared 31% over the past year to hit a record high of $40 million in 2006-07. The figures come from the Australian Payments Clearing Association, which along with ...

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