Breaking Industry News
Breaking News articles for April 2026
Australia axes card surcharges in payments overhaul
Wednesday, April 01, 2026
Beginning Oct. 1, 2026, Australian businesses will no longer be able to surcharge consumers who pay using a credit, debit or prepaid debit card under a package of reforms just published by the Reserve Bank of Australia. Additional reforms include the lowering of interchange fees paid by Australian businesses to 30 basis points (0.30 percent) and increasing transparency in the fees charged by the card networks and payment services providers.
