The Commerce Commission has confirmed it will reduce how much banks can charge to process credit card payments, which it says will save Kiwi businesses $90 million a year. The Interchange fee makes up ...

The Commerce Commission has issued its final decision today to reduce interchange fees paid by Kiwi businesses, saving them about $90 million a year in payment costs. It costs New Zealand businesses ...

The overall cost of interchange fees is around $1 billion for businesses, which were often passed onto customers through ...

The Commerce Commission has acted to reduce fees paid by businesses to accept Visa and Mastercard payments by “around $500 ...

The Commerce Commission's final decision on card interchange fees delivers only $90 million in consumer savings, down from ...

It costs New Zealand businesses around $1 billion a year to accept Visa and Mastercard payments, which is often passed onto their customers through surcharges and higher product costs. The Commission ...

Learn how swipe fees affect your business, what you’re really paying for, and how to reduce processing costs to protect your ...

Lowering the cap could save businesses $1.2b in fees per year. Australia’s central bank is planning to remove surcharges on eftpos, Mastercard, and Visa cards, as well as lowering interchange fees of ...

The dreaded $6 line for a coffee could soon become reality for cafe owners after a proposal to scrap card surcharges could ...

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act recently passed the U.S. Senate; a ...

After an eight month review, the bank’s Payments System Board has concluded the surcharge model no longer works in a ...

The Reserve Bank of Australia is proposing to remove surcharges on eftpos, Mastercard and Visa cards, in a move that could ...