Credit Card News Archive History

Credit Card News 

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  Credit card news: Internet sales tipped for growth

  Morgan Stanley has claimed Australia's traditional retailers have been slow to embrace the online sector, which it says is poised for further growth. A new report has predicted Australian consumers will buy more products via ...

  Thu 30th Jun, 2011
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  Commonwealth Bank rebuffs credit cards criticism

  Contactless credit card payments are a safer way of making purchases, according to Commonwealth Bank general manager David Lindberg. Commonwealth Bank has sought to reassure clients that its plans to introduce contactless ...

  Wed 29th Jun, 2011
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  ANZ to 'wait and see' over credit card replacement

  ANZ has refused to commit to a timeframe on replacing credit cards with contactless mobile payments. ANZ has declined to be drawn on whether it will roll out mobile phone payments as a long-term replacement for credit cards, ...

  Wed 29th Jun, 2011
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  Credit card news: Cashless transactions 'threaten Eftpos'

  Eftpos technology could be rendered obsolete by online shopping, it has been suggested. Consumers have been advised that the increasing popularity of cashless purchases using credit cards could render electronic funds ...

  Mon 27th Jun, 2011
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  NAB: Credit card reforms have helped customers save millions

  NAB has hailed recent reforms to its credit card rules for helping customers to save lots of money. Consumers who have taken out a credit card with NAB have saved lots of money thanks to recent reforms, the bank has ...

  Fri 24th Jun, 2011 (1 Comment)
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  Home loan exit fee reforms meet with mixed response

  Plans to reform the home loans system in Australia has provoked mixed reactions. Upcoming changes to the Australian home loans system could have an adverse effect on the wider mortgage industry, an expert has warned.According ...

  Fri 24th Jun, 2011
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  APCA warns of credit card fraud problem

  Credit card users have been advised that fraud is becoming more and more common in the online shopping marketplace. Credit card users may need to take more security precautions after the Australian Payments Clearing ...

  Thu 23rd Jun, 2011 (1 Comment)
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  ABA assures credit card users that payments system is safe

  The Australian Bankers Association has insisted the country has a safe payments system. Credit card users in Australia have been assured the country's payments system is perfectly safe.According to the Australian Bankers ...

  Thu 23rd Jun, 2011
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  Credit card users to benefit from reforms

  Australia's assistant treasurer has hailed plans to stop consumers being sent so-called tick 'n' flick offers. Credit card users in Australia look set to benefit from an end to so-called tick 'n' flick offers, the ...

  Wed 22nd Jun, 2011
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  Credit card debt 'is a big problem'

  Adam Bandt of the Greens has warned that credit card debt is proving to be a "big problem" for consumers. Credit card debt among consumers has been flagged up by a politician as an issue that needs to be addressed.According ...

  Mon 20th Jun, 2011
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  Aussie banks 'charging less credit card fees'

  Australian banks received less income from credit card exception fees last year, according to the RBA. New data from the Reserve Bank of Australia (RBA) has indicated that consumers were charged less in credit card fees last ...

  Thu 16th Jun, 2011
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  Credit card news: Australians 'paying more for gadgets'

  Australian consumers are paying more for technological devices than their counterparts in the US, it has been claimed. Retailers have acknowledged that Australia's consumers are paying considerably more on their credit ...

  Tue 14th Jun, 2011
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  Technology 'combating credit card fraud'

  Chip technology is one of the key features which have made credit cards safer, experts have claimed. Experts have advised Australian consumers that the constant advance of technology has made it easier to protect against ...

  Mon 13th Jun, 2011 (3 Comments)
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  RBA to probe credit card surcharges

  The RBA could impose upper limits on credit card surcharges, according to a report. The Reserve Bank of Australia (RBA) is reportedly considering imposing a cap on credit card surcharges following a rise in levies imposed on ...

  Wed 8th Jun, 2011
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  Banker hits out at government over credit card plans

  A banking sector leader has warned that new regulation could result in higher costs for consumers. Australian Bankers' Association chief executive Steven Munchenberg has reiterated his criticism of the government over ...

  Tue 7th Jun, 2011
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  Commonwealth Bank 'offers $1 credit card'

  Commonwealth Bank is offering an ultra-low rate credit card, it has emerged. Financial giant Commonwealth Bank is reportedly offering cut-price credit cards in a bid to persuade consumers back into the retail sector, amid ...

  Mon 6th Jun, 2011
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  Credit card news: Cyber-attacks 'a growing concern'

  Cyber crime is a growing problem for Australian businesses, new research has suggested. New research has indicated rising concern among Australia's businesses over internet hacking, with 11 per cent of companies surveyed ...

  Fri 3rd Jun, 2011
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  Credit card news: Retail sales 'up in April'

  Retail sales climbed by 1.1 per cent in April, according to official figures. Official data has revealed that retail sales recovered in April, prompting renewed optimism that Australians are breaking out their credit cards ...

  Thu 2nd Jun, 2011
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  Consumers 'paying off credit card debt'

  Australia's shoppers are looking to cut their credit card arrears, new data has suggested. The Reserve Bank of Australia (RBA) has revealed that consumers are becoming increasingly thrifty in their budgeting, setting money ...

  Wed 1st Jun, 2011