Original media release (7/06/2023) from the Treasurer, The Hon Dr Jim Chalmers MP: The Albanese Government is taking the next important steps to modernise the way Australians make and receive payments. The Strategic Plan for Australia’s Payments System released today presents a roadmap for the development of the sector. Our vision is for a modern, world?class and…
Read More Modernising the Payment System
The Australian Communications Consumer Action Network (ACCAN), along with the Public Interest Advocacy Centre (PIAC), has found that while direct debit may work for some consumers direct debits automatic system and lack of flexibility created unfair additional costs and financial distress for vulnerable consumers. In a media release (05/04/2023) ACCAN said: A thriving and competitive…
Read More Direct Debit for Telcos and Utilities a Problem for Vulnerable Consumers
ASIC has released its first review of the rapidly growing buy now pay later industry. The review of this diverse and evolving market has found that buy now pay later arrangements are influencing the spending habits of consumers, especially younger consumers. A buy now pay later arrangement allows consumers to purchase and obtain goods and…
Read More ASIC puts spotlight on the rapidly growing buy now pay later industry
ACCAN and CHOICE team up to make sure consumers are protected when using m-commerce
Read More Ensuring safe and smart payments for consumers on the go
Processes need to improve to provide better service and protection for consumers
Read More CCMC sees little change in banks’ chargeback processes
CHOICE wants credit card surcharges to reflect actual processing costs
Read More Qantas charts a dodgy flightpath on surcharges
Professor Gail Pearson reports on the activities of the Code Committee
Read More Compliance with the Mutuals Banking Code of Practice
ASIC provides info on which providers are following new best practice
Read More ePayments code: New era in electronic payments protection
Indigenous consumers particularly targeted – Centrepay turns a blind eye
Read More Centrepay: a good idea that lost its way
Direct debits are convenient and often earn discounts; but Ian Jarratt argues there are risks for consumers. What do you think?
Read More Direct Debits – Good or Bad for Consumers?
CHOICE welcomes reforms that will bring an end to excessive credit card surcharges.
Read More RBA delivers surcharge win for consumers: CHOICE
The Government and RBA have taken action on access to ATMs in remote Indigenous communities, but issues still remain around competition and transparency.
Read More ATM competition – what about some?