The Australian Competition and Consumer Commisssion (ACCC) has instituted proceedings in the Federal Court against Mastercard for allegedly engaging in conduct with the purpose of substantially lessening competition in the supply of debit card acceptance services.
Epson Industry is a printer factory of global technology firm Epson, and it has achieved “platinum status from the Responsible Business Alliance (RBA) for reaching the highest standard of corporate social responsibility”.
The Reserve Bank of Australia is joining Commonwealth Bank, National Australia Bank, Perpetual and blockchain tech firm ConsenSys Software to look at the implications and use of a wholesale central bank digital currency (CBDC) that uses distributed ledger technology.
A senior official from Mastercard Australasia says it is misleading to compare costs of schemes that process card present, card not present and international debit transactions with a domestic-only debit scheme, namely eftpos, that, at this stage, processes very few card not present transactions.
A surprisingly high proportion of MIT's Center for Information Systems Research sponsors are Australian organisations.
Card payments provider Tyro Payments wants the Reserve Bank to take further action to eliminate interchange fees which banks and other financial institutions charge each other for processing credit and debit card transactions.
The Reserve Bank of Australia has called for Expressions of Interest (EoIs) for a new software-based core banking system.
EFTPOS Payments provider Tyro Payments wants the fees banks and other financial institutions charge each other for processing credit and debit cards to be abolished.
Chinese hackers attacked the Reserve Bank of Australia (RBA) in 2011, and the central bank has admitted that multiple computers were targeted.
Australia probably doesn't need a large information technology production industry, and may be better focusing on being sophisticated users, the Reserve Bank Governor Glenn Stevens said.
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