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Small Business Credit Card News

Market falls captive to the banks

Wednesday March 17, 2010
BANK bashing has long been a national pastime, not that they feel much pain. Public protest hasn't stopped the big banks fattening up while everyone else tightened belts during the financial crisis. Of course, it's better to have healthy banks than the alternative, but their dominance has reached a point that worries policymakers.

Push For Credit Card Relief

Tuesday December 9, 2008
AUSTRALIAN Retailers Association members in the Illawarra are among those from across the nation encouraging the banks to pass on the Reserve Bank of Australia's interest rate cuts to credit cards.

Credit Card Rate Rises Threaten Recovery

Tuesday November 11, 2008
INTEREST rates on credit cards are continuing to rise, undermining the impact of the Reserve Bank's aggressive bout of rate cuts.

Get a low rate credit card for your small business

Thursday October 30, 2008
If you're running a small business, consider a low rate credit card. Find out more information on low rate credit cards.

Write-offs On Credit Cards A Worry For Nab's Banks In Britain

Wednesday July 19, 2006
THE recovery in National Australia Bank's UK operations appears to be on track but concerns remain over an industry-wide upsurge in credit card write-offs.

Small Business Could Use Professional Help

Friday February 24, 2006
CAN the professions learn anything from small business or vice versa? It is a question prompted by the appearance of a dentist on our pages today. Dr Geoffrey Speiser has started a successful enterprise and continues to treat patients.

Small Business Help Is On The Cards

Friday September 16, 2005
WHEN American Express executive Rajarshi Ray was asked to head the company's small-business unit, he didn't make an immediate decision.

Tax Office Targets Frequent Flyer And Credit Card Rorts

Sunday July 25, 2004
The Tax Office is cracking down on high-flying executives who exploit personal rewards from customer loyalty programs by channelling their business expenses through them.

Tax Office Targets Frequent-flyer And Credit Card Rorts

Sunday July 25, 2004
The Tax Office is cracking down on high-flying executives who exploit personal rewards from customer loyalty programs by channelling their business expenses through them.

Amp Profits From Card Sale To Amex

Tuesday December 24, 2002
AMP has sold its credit card portfolio for $236 million to American Express and sent out information memorandums to potential buyers of AMP Banking's property finance and mortgage units.

Watchdog Wages War On Small Print

Thursday July 18, 2002
Mortgage holders should be sure to pay their credit card on time because if they do not, the bank might try to take their house.

Economists Say Card Proposal Lacks Credit

Thursday May 23, 2002
Slashing the credit card interchange fee by as much as two-thirds could significantly distort retail conditions for consumers, small retailers and small banks, says a group of economists.

Banks See Threat In Coles Myer Card

Thursday March 28, 2002
The Australian Bankers' Association yesterday seized on Coles Myer's plans to expand in financial services as further evidence that the Reserve Bank's planned credit card reforms would disproportionately benefit retailers.

Card Reform Poses Risks For Credit Union Profits

Friday March 22, 2002
Credit unions would lose $19 million, or 16 per cent of their collective net profits, if the Reserve Bank of Australia went ahead with its proposals to cut the fees that credit card ``acquirers" pay card issuers.

Visa Fights All Card Reform As Banks Take Stand On Interchange

Saturday March 16, 2002
Australia's banks have launched a last-ditch attempt to convince the central bank to drop its credit card reforms.