Tag Archives: payment

Small businesses are wasting revenue in merchant fees

Many of Australia’s 2.1 million small businesses, says a specialist payment consulting firm, are wasting revenue by not investigating the best payment service providers. Nor are they making the most of least-cost routing. According to Payment Consulting Network, small retailers often don’t have time to research or have the money …

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Payment revolution: how retailers can cash in

As a society, we’re undergoing a payment revolution, says CEO of Live eftpos & Live Group Reuven Barukh. Here are five key trends retailers can leverage. 1. Digital wallets Digital wallets refer to services that enable you to make virtual payments via your smartphone. The convenience of making payments via …

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Ombudsman welcomes commitment to fast track payments

Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has welcomed the NSW government’s commitment to pay small businesses within five days. The change is due to come in by the end of 2019. “If the NSW government can fast track their payment policy, first to 20 days by …

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Number of Aussies using digital payment hits 14.5 million

Most Australians are now using digital payment, according to new research from Roy Morgan. This research unveils that more than 14.5 million Australians aged 14 and older (71.7 per cent) use digital payment in a 12-month period. “The way in which we make payments is evolving quickly,” Roy Morgan CEO …

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Woolworths’ cleaning contractors fall afoul of workplace laws

A Fair Work Ombudsman inquiry into the procurement of cleaners in Tasmanian supermarkets found that 90 per cent of Woolworths’ supermarket sites in the state were non-compliant. The inquiry was begun in late 2014 in response to intelligence received by the Fair Work Ombudsman that supermarket cleaners in the state …

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Coles workers expect pay rise ahead of new agreement

Coles this week announced the start of the process for consultation and approval of a new enterprise agreement to cover the wages paid to supermarket team members following the settlement of Brisbane night-fill worker Penny Vickers’ underpayment case. Ms Vickers had waged an 18-month legal battle to terminate an agreement …

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Mastercard teams up with Fitbit

Mastercard is bringing Mastercard contactless payments to Fitbit’s first smartwatch, Fitbit Ionic. With Fitbit Ionic, health and fitness enthusiasts who use the device will be able to add their eligible cards to their fitness smartwatch and pay by simply tapping their device near a contactless terminal at more than 6.6 …

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ACCC proposal on Apple Pay bad for retailers, says ARA

The ACCC has proposed to deny authorisation for a number of Australian banks to engage in limited collective bargaining and boycott with Apple in relation to Apple Pay. Bendigo and Adelaide Bank, Commonwealth Bank, National Australia Bank and Westpac sought authorisation on behalf of themselves and potentially other credit and …

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