Australia to end debit and credit card surcharges from October [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
The move comes after the RBA published a Conclusions Paper detailing the Payments System Board's (PSB) decisions on the Review of Merchant Card Payment Costs and Surcharging. The PSB decided to remove surcharging on debit, prepaid and credit card transactions on the designated EFTPOS, Mastercard and Visa card networks. “The surcharging framework, introduced more than two decades ago, is no longer achieving its intended purpose of steering consumers towards making more efficient payment choices,” the statement added. The RBA cited several factors behind the change. These include more businesses applying a single surcharge rate across card types, difficulties in enforcing the current rules, and reduced cash usage by consumers. The central bank added that removing surcharging would make card payments “simpler, more transparent and increase competition among payment service providers”. American Express operates under a separate agreement with the RBA and is ?not ?subject to thi
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MA
Earnings
- 1/29/26 - Beat
MA
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- MA's page on the SEC website