The Latest Breaking News from EFTPOS

Card surcharges are banned from October 1. What’s changing at the checkout?

From October 1 this year, businesses will be banned from adding a surcharge when customers pay with a debit, credit, EFTPOS or prepaid card.

The Conversation · Sep 24

Australians will no longer be hit with card surcharges from 1 October. What will the ban mean for you?

Fees on Visa, Mastercard, and Eftpos payments will be banned – but what does it mean for retailers, rewards programs and consumers?

The Guardian - AU · Sep 20

Do you pay rent with a credit card? Soon, you may not have the option

From October 1, businesses will no longer be able to add surcharges to payments made on the EFTPOS, Visa or Mastercard networks, following reforms by the Reserve Bank of Australia.

The Conversation · Aug 17

The $1b hidden cost of going cashless

Expert says 'the top end of town' is making bank at our expense

Newcastle Herald · Mar 25, 2024

Alleged serial fraud operation 'prolific and sophisticated', court told

A man is facing more than 130 fraud and theft charges.

The Canberra Times · Jan 22, 2024

The lesson we learnt from the Optus crash when, for a brief moment, cash was king again

Small businesses are the first to feel the pinch when the EFTPOS becomes a paperweight.

Newcastle Herald · Nov 8, 2023

'Cash only': Optus network outage hits Hunter businesses

Businesses relying on Optus accounts can't take Eftpos payments.

Newcastle Herald · Nov 8, 2023

Mastercard denies ACCC allegations

Mastercard has denied that it tried to reduce competition by deterring customers from using EFTPOS as it defends Federal Court proceedings by the ACCC.

AAP · Jul 27, 2022

Adelaide man scams SA businesses out of $35k by using fake credit card details, wins Supreme Court appeal

A South Australian man who used fraudulent credit card details to scam businesses out of $35,000 has been released from jail early after an appeal to the Supreme Court.

ABC News · Jul 1, 2022

ACCC sues Mastercard over retailer deals

The ACCC alleges Mastercard entered into agreements with more than 20 major retail businesses that hindered competition by deterring them from using eftpos.

AAP · May 30, 2022