Credit Card News Archive History

Credit Card News 

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  Banks cancel credit cards in security scare

  Thousands of credit cards have been blocked by banks after a security scare. Major Australian banks have been forced to cancel thousands of credit cards following a possible security breach and insist that they are currently ...

  Fri 27th May, 2011
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  Banks 'committed to credit card security'

  Australia's financial industry is prepared to invest to maintain credit card security, it has been claimed. The chief executive of the Australian Bankers' Association has insisted that the industry takes the matter of ...

  Fri 27th May, 2011
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  Credit card news: Online retail 'offers opportunities'

  Online shopping offers retailers immense opportunities, one expert has claimed. An expert has suggested that Australia's retailers should look to the internet and encourage shoppers to use their credit cards through ...

  Thu 26th May, 2011
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  Credit card news: Westfield upbeat on retail prospects

  Westfield executives have expressed confidence that the retail sector and the wider economy are improving. Retail giant Westfield has expressed optimism that Australian consumers are poised to break out their credit cards and ...

  Thu 26th May, 2011
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  Credit card news: Shoppers 'spend billions on technology'

  Australian consumers spent $6.8 billion on digital devices last year, according to a new survey. A new survey has indicated that Australian shoppers are breaking out their credit cards in ever-increasing numbers to splash ...

  Tue 24th May, 2011
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  Coles launches PIN-free credit card pilot

  Shoppers at more than 100 Coles stores will be able to carry out credit card purchases without the need for a PIN during a new trial. Retail chain Coles has revealed that consumers at some of its stores will be able to make ...

  Mon 23rd May, 2011 (2 Comments)
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  Credit card news: Retailers see 'blue skies ahead'

  Australian retailers are growing more confident, according to new research. A new report has hinted that Australia's retailers are growing increasingly optimistic that consumers will spend more using their credit cards ...

  Fri 20th May, 2011
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  Credit card news: Consumer spending 'down in April'

  Consumer sales were down in April, according to new data from the Commonwealth Bank. A new survey has indicated that Australian shoppers spent less using their credit cards and cash last month, prompting renewed concern over ...

  Thu 19th May, 2011
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  Credit card news: Consumer confidence down on rate talk

  Consumer confidence fell this month, according to the latest Westpac-Melbourne Institute sentiment index. Speculation that further interest rate rises could be imminent has damaged consumer confidence, sparking renewed ...

  Wed 18th May, 2011
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  Credit card news: Data breaches 'going under the radar'

  Credit card security breaches are going largely ignored by the general public, according to one senior police officer. A senior figure from Queensland Police has warned credit card customers that the sheer scale of data ...

  Tue 17th May, 2011
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  Credit card news: Gillard rejects downturn talk

  Julia Gillard has played down suggestions that the Australian economy is in a "major downturn". Prime minister Julia Gillard has dismissed suggestions from one business leader that the Australian economy is in a significant ...

  Mon 16th May, 2011
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  Security boss calls for credit card protection

  Symantec Australia chief executive Craig Scroggie has called for more stringent protection against credit card data leaks. A security boss has called on the government to implement more stringent protection for those paying ...

  Mon 16th May, 2011
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  Credit card debt 'hits $49.3bn'

  Australia's total credit card debt stands at close to $50 billion, according to RBA statistics. New data from the Reserve Bank of Australia (RBA) has indicated that shoppers down under owe nearly $50 billion on their credit ...

  Mon 16th May, 2011
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  Credit card news: Retailers concerned over recovery

  Australian retailers fear higher interest rates could deter shoppers, it has been claimed. Retailers have rejected suggestions that the industry has recovered over recent months, expressing concern over the lack of shoppers ...

  Fri 13th May, 2011
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  Credit card news: Retailers confident of rebound

  Retailers have expressed optimism about the sector's recovery, but admitted higher interest rates could prove a stumbling block. Directors at two leading retail chains have expressed cautious optimism that Australian ...

  Thu 12th May, 2011
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  Credit card news: Retailers hit out at Budget

  Australian retailers have accused the government of "turning its back" on the sector. Australia's retail sector has criticised Treasurer Wayne Swan's latest Budget, citing concerns over the possible implications for ...

  Tue 10th May, 2011
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  Credit card demand 'rose in Q1'

  Demand for credit cards rose in the first quarter, while home loan applications slipped by 6.5 per cent. New data has indicated that demand for credit cards rose slightly in the first quarter of the year, although home loans ...

  Tue 10th May, 2011
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  Australians 'spending less with credit cards'

  Australian retail spending slipped by 0.5 per cent in March, according to official data. New retail data has indicated that Australian consumers are spending less using both their credit cards and cash, amid lingering ...

  Mon 9th May, 2011
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  Australian government to fine banks for raising credit card limits

  Banks will be fined if they raise their credit card limits. The government has announced it will fine banks that make offers to customers to raise credit card limits. Earlier this week, it was announced that financial ...

  Wed 4th May, 2011
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  Credit card fraud to be tackled under new initiatives

  New schemes will be introduced to reduce the possibility of credit card fraud. New initiatives are to be launched to help tackle the problem of credit card fraud and ID theft. Veda Advantage and insurer Suncorp have come up ...

  Wed 4th May, 2011