There are now three federal government or senate inquiries that affect cash and all three now have no alternative but to recommend ways to protect our right to use and access cash. While banks continue to restrict access to cash, Australians are continuing to find ways to get and use cash. The cashless society increasingly seems to be just a myth.
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ATM cash withdrawals are trending up and there’s more cash on issue than ever before. New data from the Reserve Bank of Australia reveals the number of ATM cash withdrawals is trending up in 2022. The value of cash withdrawals is stable, indicating that cash is being withdrawn for daily use, not for hoarding. RBA data also shows the total amount of cash on
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Eftpos, bank and credit union ‘outages’ are leaving people stranded. Consumers and retailers simply cannot rely on eftpos systems to work. Some people are loading up trolleys of food and essentials only to find their cards are not working or shop eftpos systems are ‘down.’ Recent Eftpos system outages have affected: At least 10,000 retailers using Tyro eftpos terminals, leaving
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Small business, retailers, hospitality and service businesses routinely complain of high bank merchant fees and charges. Terminal rental, contactless readers, Mastercard and Visa scheme fees, other bank fees all combine to make accepting card and contactless payments an expensive proposition for small business. This sign below has been popular with retailers and businesses. please download the sign and display near
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