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AUSTRALIAN CONSUMERS MISLEAD ON NEW CREDIT CARD REFORMS: VISA.
SYDNEY, Jan 2 Asia Pulse - Reports that petrol company Caltex (ASX:CTX) would charge customers for credit card transactions but not lower petrol prices was the first indication of how consumers had been mislead about new credit card reforms, Visa International said today.
New reforms that came into place yesterday paved the way for merchants to charge customers a fee for their using credit cards.
A report in the Australian newspaper today said Caltex and Qantas were planning to charge customers for paying by credit card.
The report said Caltex was planning to introduce a credit card surcharge at its company-owned petrol stations, but this would not mean a drop in petrol prices.
Visa said this was the first indication of how consumers had been mislead about the benefits of the new regulations.
The Reserve Bank of Australia (RBA) reforms allow merchants to recover the fees they pay to their bank for processing credit card transactions by charging customers who use their credit card to pay for goods and services.
Previously, this fee was built into prices for goods and services ...
- POLICE, CREDIT CARD INDUSTRY COOPERATE TO FIGHT CRIME.
- News wire article from: ANT - LKBN ANTARA (Indonesia) February 27, 2004 700+ words
...ANTARA) - Indonesia's National Police and the credit card industry are cooperating in efforts to fight...has shown a progress in pushing the figure of credit card's crimes by arresting many credit card criminals. (THROUGH ASIA PULSE)
- (LEAD) S. Korea's Banks to Trim Additional Credit Card Services.
- News wire article from: YON - Yonhap News Agency of Korea June 15, 2004 700+ words
...follow suit. In South Korea, credit card firms and their creditors have...in nonperforming loans as many credit card holders have been unable to pay...economy, but this led to heavy credit card debts. (THROUGH ASIA PULSE)
- S. Korea's Banks to Trim Additional Credit Card Services.
- News wire article from: YON - Yonhap News Agency of Korea June 15, 2004 700+ words
...follow suit. In South Korea, credit card firms and their creditors have...in nonperforming loans as many credit card holders have been unable to pay...economy, but this led to heavy credit card debts. (THROUGH ASIA PULSE)
- AUSTRALIANS BOOK US$11.64 BLN CREDIT CARD BILL IN DEC.
- News wire article from: AsiaPulse News February 20, 2004 700+ words
SYDNEY, Feb 20 Asia Pulse - Australia's Christmas credit card binge hit record levels...use of such aggressive credit card marketing tactics when...government scrutiny of the credit card industry," he said. ASIA PULSE 20-02 1045
- AUSTRALIAN CREDIT CARD DEBT UP 9.7% TO US$25 BLN IN YR TO NOV.
- News wire article from: AsiaPulse News January 27, 2006 700+ words
SYDNEY, Jan 27 Asia Pulse - Credit card debt has reached an unprecedented...States last year requiring credit card providers to include a one...repayment "health warnings" on credit card statements last March. ASIA PULSE 27-01 1538
- PHILIPPINE CREDIT CARD DEBT UP IN DEC QTR.
- News wire article from: AsiaPulse News May 5, 2004 700+ words
MANILA, May 5 Asia Pulse - Credit card holders found it more difficult to settle their obligations to credit card companies even during the last...Sentral ng Pilipinas (BSP) showed credit card receivables grew only by 13.9...
- KOREA'S CREDIT CARD FIRMS RECORD MASSIVE LOSSES IN H2 LAST YEAR.
- News wire article from: AsiaPulse News February 24, 2003 700+ words
SEOUL, Feb 24 Asia Pulse - Credit card firms ended last year with large...said Monday. The FSS said nine credit card firms recorded 1.36 trillion...first half. For the whole year credit card operators had deficits of 261...
- PHILIPPINES CREDIT CARD FRAUD LOWER THAN ITS NEIGHBORS'.
- News wire article from: AsiaPulse News March 24, 2003 700+ words
MANILA, March 24 Asia Pulse - Credit card fraud in the Philippines is lower...estimated that the Philippines' credit card fraud rate in the country is at...smart cards and this has forced credit card fraudsters to move out to other...
Source: HighBeam Research, AUSTRALIAN CONSUMERS MISLEAD ON NEW CREDIT CARD REFORMS: VISA.