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Clampdown on banks' merchant fees could sink credit card loyalty schemes

Consumers could pay lower credit card surcharges but lose out in another way. ....

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Is this the end of 'No Paywave' signs?

Is this the end of No Paywave signs?
Is this the end of No Paywave signs?
Wed, 12 May 2021, 1:58PM
The Government is to clamp down on the fees banks charge businesses when people pay by credit or debit cards.
Eftpos is free for merchants but its use has been dropping particularly with the Covid-19 pandemic as more people shopped online or used contactless credit or debit cards.
The major banks temporarily cut contactless debit card fees to small business customers in late March amid pressure from technology entrepreneurs worried the high cost was putting merchants off using it.
Eftpos machines with no Paywave signs could be a thing of the past. Photo / File ....

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Shoppers are expected to be hit in the pocket, with prices tipped to rise over the three months - 05-Apr-2021

Shoppers are expected to be hit in the pocket, with prices tipped to rise over the next three months
Shoppers are expected to be hit in the pocket, with prices tipped to rise over the next three months
5 April 2021
Retail New Zealand has released its latest Sales Index.
Chief Executive Greg Harford says around two-thirds of members expect to see prices increase over the next quarter.
He says there are significant inflationary pressures, as the cost of procurement and freight increase, and the cost of employing staff goes up.
Greg Harford says retailers operate on very thin margins, so when you have big cost increases, retailers need to pass these on. ....

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Shoppers are expected to be hit in the pocket, with prices tipped to rise over the three months - 05-Apr-2021

Shoppers are expected to be hit in the pocket, with prices tipped to rise over the three months - 05-Apr-2021
nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.

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Shoppers are expected to be hit in the pocket, with prices tipped to rise over the three months - 05-Apr-2021

Shoppers are expected to be hit in the pocket, with prices tipped to rise over the three months - 05-Apr-2021
nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.

New Zealand , Greg Harford , Retail New Zealand , Executive Greg Harford , புதியது ஜீலாந்து , கிரெக் ஹார்போர்ட் , சில்லறை புதியது ஜீலாந்து , நிர்வாகி கிரெக் ஹார்போர்ட் ,