Tag: EFTPOS

The electronic payments system, Eftpos, has become the first private identity exchange to be recognised by the federal government’s Trusted Digital Identity Framework. 

Debit card provider eftpos unveiled its plans for a national QR code payments network in Australia which is set to commence trial mid-year.

A parliamentary committee recommendation for banks to reduce ‘tap and go’ transaction fees has attracted support from the Australian Small Business and Family Enterprise Ombudsman Kate Carnell. The House of Representatives Standing Committee on Economics recommended that banks let merchants send tap-and-go payments from debit cards through eftpos instead of credit, and that regulatory action be taken […]

All businesses across Australia are now banned from hitting customers with excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express cards to make payments. The excessive surcharging ban has applied to large businesses since September last year and now extends to all businesses that are either based in Australia or use […]

The Australian Competition & Consumer Commission (ACCC) is urging small business owners to prepare themselves for the excessive payment surcharge ban that will apply to all businesses from 1 September 2017. The new law limits the amount that a business can charge customers for use of payment methods such as EFTPOS (debit and prepaid), MasterCard […]

Having a pool of regular, paying customers is a huge boon in business but it’s by no means a guarantee of healthy cash flow – without question, the lifeblood of every organisation. As the general manager of InstallEx – an installation and constructions services provider with national clientele –  Jeremy Turner knows that optimal working […]

Eftpos has pledged to donate up to $2 million to fight skin cancer and diabetes after running a campaign which sought community voting on how its donation should be spent.

Australia is turning its back on cash – almost 90 per cent of consumer payments now made online and through cards.

Rises in credit and debit card interchange fees will create income of $1.23 billion for banks this financial year and doesn’t reflect the level of service the providers deliver, leading independent EFTPOS provider Tyro to urge businesses to consider alternative options.

An “unacceptable number” of payment system outages over the past 12 months has led the Reserve Bank of Australia’s (RBA) payment arm to warn the industry to boost innovation and stability or face regulatory intervention.