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.
ePAL indicated that eftpos transactions volumes grew from 178.2 million to 180.7 million from April to May.
The ANF is asking the ederal government and banks to reconsider the new eftpos fees system that was introduced by EPAL in early March.
The ARA said smaller retailers cannot afford the increased merchant rates and has called on the big banks to absorb costs.
EPAL has announced a new multilateral interchange fee model for eftpos transactions, part of a package of measures to strengthen the competitiveness of the popular system.
In a recent meeting, the Payments System Board of the RBA discussed date reporting requirements imposed by international card schemes on some transactions through the eftpos system, and brand fees imposed by one scheme on those transactions.
The organisation behind Australia's eftpos payment system has confirmed it is currently in talks with banks, retailers and other industry participants ahead of changes to interchange fees linked to eftpos.