Tag: least-cost routing

The fight for fairer merchant fees escalates

In recent years, ACAPMA has received reports of significant increases in the cost of fees charged by banks to process electronic transactions (debit and credit) of fuel businesses. While some of this...

Aussies back small businesses on debit card fees

New research reveals Australian consumers are overwhelmingly in favour of small businesses being given the ability to choose the cheapest option to process debit card payments through least cost routing (LCR). According to...

Retailers back Treasurer’s call for RBA to support small business on debit fees

National Retail Association (NRA) has backed calls from Federal Treasurer Josh Frydenberg urging the RBA to support small business on debit card fees. The Federal Treasurer joined a chorus of business leaders to...

Small Business Ombudsman joins fight for least cost routing

MEDIA RELEASE 29.07.2021 The Australian Small Business and Family Enterprise Ombudsman Bruce Billson today joined a group of 12 leading small business organisations calling on the banks to make “least cost routing” available...

Support for Least Cost Routing needed

The Fairer Merchant Fees Alliance has welcomed the Federal Government and Reserve Bank of Australia’s strong support for the rapid introduction of a fairer debit card fee system. At a time when COVID-19...

Small businesses are wasting revenue in merchant fees

Many of Australia’s 2.1 million small businesses, says a specialist payment consulting firm, are wasting revenue by not investigating the best payment service providers. Nor are they making the most of least-cost...
Advertisment

Most Popular