Australians use debit and credit cards to pay for almost three out of four payments. Here’s what will soon change for shoppers and businesses.
Articles on debit cards
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From October, there’ll be no nasty surprise charges when you pay by card. But some shoppers may have to pay more than they do today – here’s why.
Ending production of the 1-cent coin will save the government money and could streamline big retailers’ operations. But it could also pinch small businesses and cash-reliant consumers.
Card surcharges cost Australians more than $1 billion a year. Switching to real-time payments – which are already here – would cut costs for shoppers and business.
Imposing fees and surcharges on credit and debit cards no longer works in a predominantly cashless society.
Payment technologies are advancing at such a rate it may not be long before credit cards are redundant.
Regulation over banks that issue credit cards, debit cards and gift cards is piecemeal. The customer loses.
Top contributors
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PhD Researcher, UTS Business School, University of Technology Sydney
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Senior Lecturer, UTS Business School, University of Technology Sydney
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Professor of Marketing and Consumer Behaviour, Queensland University of Technology
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Associate Dean (Learning & Teaching) Faculty of Creative Industries, Education and Social Justice, Queensland University of Technology
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Investigative Journalist, The Conversation
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Professor, Strategy, Operations and Supply Chain Management, University of Technology Sydney
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Clinical Associate Professor of Innovation and Entrepreneurship, University of Rhode Island
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Professor of Finance, RMIT University
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Teaching Professor at WVU