News

Small business ombudsman says big banks feeding off small business

- December 13, 2018 < 1 MIN READ

As more and more Australians adopt Tap-and-Go payments, small businesses are suffering under crippling transaction fees despite a promise from the big four banks to reduce costs. The House of Representatives Standing Committee on Economics recommended banks introduce the least-cost routing of their tap-and-go payments for debit cards by April 1 2018. Yet despite this, they… Read more »

Finance

Cash-only businesses feeling the pinch from Tap-and-Go

- July 24, 2018 2 MIN READ

Research from the Australian Taxation Office (ATO) has discovered Aussie consumers are turned off by businesses who lack the convenience of new technologies such as Tap-and-Go. The new research shows that most Australians have negative views of cash-only businesses, with consumers describing them as ‘inconvenient’, and saying it makes them wonder if the business is… Read more »