Payments stand-off

Article Abstract:

Statistics have revealed that in 2002, Australians made 63.8 million EFTPOS (the debit payment system) transactions worth $4 billion each month and during the same period they made 80.6 million credit card transactions amounting to $9 billion each month. Though the credit card reforms are in place, there are some worries to be sorted out on the debit side and the regulators are keen to introduce changes to make EFTPOS more efficient and competitive.

Australia, General services, Purchasing, Behavior, Payment, Australians

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Now for debit card reform

Article Abstract:

A typical credit card of electronic funds transfer at point of sale (EFTPOS) transaction involves four parties: the consumer, the consumerEs bank, the retailers, and the retailer's bank. Some reforms are designed to make the credit card system more efficient and will eliminate several hundred million dollars currently accumulated mainly by banks through interchange and retailer service fees

Commercial Banks, Management dynamics, Services information, Personal credit institutions, Banking industry, Management, Evaluation, Services, Credit and debit card industry, Credit card industry, Company business management

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You want to pay us with what?

Article Abstract:

The intricacies and terminologies involved in the various forms of electronic payment are described.

United States, Terminology

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