March 15, 2010 · Filed Under Business News, Debit Cards, banking, credit cards · Comment

The Australian central bank, The Reserve bank of Australia (RBA) says it remains a “reluctant regulator” of competition in the electronic card payments system space. The RBA says it prefers competition as the mechanism used to contain fees, and would like to take a step back instead, however RBA assistant governor Malcolm Edey says it is not quite ready to do so.

Tags: banking, Business, Business News, Competition, credit cards, Debit Cards, Regulation

Australian’s Increasingly Switching From Credit Cards Into Debit Cards

March 8, 2010 · Filed Under Debit Cards, banking, credit cards · Comment

Australian consumers are increasingly transitioning away from credit cards and into debit cards instead, as concerns over personal finance become more acute, and major lenders engage in a big marketing push.