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German owned supermarket retailer, ALDI, has won its Federal Court action against EFTPOS scheme manager – EFTPOS Payments Australia Limited (ePAL). But the win seems unlikely to advantage ALDI in any way, with ePAL’s new wholesale interchange fee scheme set to begin unaffected as from 1 October 2011. As we reported last week, ALDI’s action Click on the title to read more ALDI wins EFTPOS Federal court action Australian consumers may soon be able to shop online using their EFTPOS cards. That’s the promise of a new device developed by Melbourne inventor – Daniel Elbaum and his business partners in Point of Pay Pty Ltd (POP). And the technology may be here sooner than you think. The Bendigo Bank and Computronics announced this Click on the title to read more $5million deal offers Australians shopping online with EFTPOS. Balinese women carrying fruit Indonesia could be just about to start on what might well be a truly remarkable ecommerce adventure. Fast Internet access has now become quite readily available in the biggest cities like Jakarta and Medan. Prices are reasonable, and some consumer services here, e.g 4G access via WIMAX, aren’t yet even Click on the title to read more Indonesian ecommerce shows promise as Internet takes hold Business people attending this weeks Internet show in Melbourne were being offered a 2% discount on their merchant service fees if they signed up for an NAB online payment gateway for the next three years. But few seemed to be greatly interested, perhaps because the discount failed to make any significant difference to the overall Click on the title to read more NAB offers 2% discount on Transact payment gateway merchant service fees at Internet World Giant US card companies, Visa and Mastercard, have been foiled in a bid to escape regulatory control of their Australian interchange fees. They had hoped to escape the irksome regulation, which caps the fees that their banking agents can charge each other for switching and processing card transactions. Instead, the fees will continue, and may Click on the title to read more Visa , Mastercard foiled in bid to escape Reserve Bank regulation |
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