Articles with tag eftpos-fee-model

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eftpos proposal needs revision

Australia's four major banks and Woolworths and Coles will be the only beneficiaries if new regulations of the eftpos payment system are allowed, Tyro Payments warned.

Posted Mon 06/08/2012 12:00:00 / Read More »

Grocers call for eftpos fairness

Independent supermarkets and liquor stores, excluding those run by Woolworths and Coles, have lashed at the increases in eftpos charges for debit and credit cards that will be introduced in coming weeks.

Posted Wed 21/03/2012 12:00:00 / Read More »

Banks gain $150M in eftpos fees

Tyro has estimated that banks have pocketed an extra $150 million from retailers and customers since new credit and debit card interchange fees were introduced on 1 October.

Posted Mon 31/10/2011 12:00:00 / Read More »

Aldi demands banks to be transparent

Aldi has called for Australian banks to prove their net costs are increasing as a result of changes to the eftpos interchange fees.

Posted Tue 04/10/2011 12:00:00 / Read More »

Aldi's victory in eftpos case

The Federal Court has recognised that ePAL's plan to change the eftpos fee model may lead to higher debit card surcharges in store.

Posted Fri 30/09/2011 12:00:00 / Read More »

Aldi takes ePAL to court

Aldi has demanded for greater transparency in the new multi-lateral interchange fee model for eftpos transactions being introduced on 1 October 2011.

Posted Mon 19/09/2011 12:00:00 / Read More »

ePAL clarifies changes

The company that manages the eftpos debit payment system said it wishes to "clarify" aspects of its announcement

Posted Thu 08/09/2011 12:00:00 / Read More »

Eftpos changes to affect retailers, consumers

From October, ePAL will pass the 5 cent interchange fee from consumers’ financial institutions to the banks of retailers where the costs are expected to be passed onto retailers and customers.

Posted Tue 16/08/2011 12:00:00 / Read More »

ANF urges EPAL to reconsider

The ANF is asking the ederal government and banks to reconsider the new eftpos fees system that was introduced by EPAL in early March.

Posted Thu 24/03/2011 12:00:00 / Read More »

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