Displaying items by tag: fees

Australian banks are failing to grasp the SME Banking opportunity, despite the rising importance of business banking to their bottom line – as a renewed regulatory focus on surcharges is set to change the payments landscape across the country, according to digital business transformation company Publicis Sapient.

Cybersecurity and Internet infrastructure company Cloudflare has announced a new object storage product, Cloudflare R2, allowing developers to store large amounts of data without the large fees imposed by AWS S3 egress.

New Zealand online lender Moola has agreed a settlement with the country’s competition regulator the Commerce Commission requiring it to credit or refund approximately $2.8 million to current and former borrowers, after acknowledging the Commission’s view that it charged unreasonable credit and default fees.

New Zealand’s consumer watchdog has announced the Westpac Bank has agreed to refund 93,000 customers overcharged $7 million for services.

Stating it is "shaking up the Australian rideshare market", Didi says its new "standard pricing in Melbourne" reduces fares by 10%, while lowering its services fee so driver-partners "earn 95% of fares".

Some money lending websites in New Zealand are “potentially” not complying with disclosure rules by failing their obligations to clearly and prominently display costs of borrowing for consumers, according to the competition enforcement and regulatory agency, The Commerce Commission.

Telstra is dropping the charges for users of its silent line service.

A youth advocacy group from Victoria is calling on the Australian telecommunications companies to be more teenager-friendly by introducing shorter contracts, reduced fees and greater transparency.