TITLE

Australia's BankCard Succumbs to Rivals

PUB. DATE
February 2006
SOURCE
American Banker;2/6/2006, Vol. 171 Issue 24, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the decision by the Bankcard Association of Australia to retire Australia's oldest credit card, Bankcard. Bankcard is a victim of competition from such rivals as Visa U.S.A. and MasterCard International. An ever-declining Bankcard cardholder base, falling transaction volumes, and shrinking market share make the card not sustainable.
ACCESSION #
19701242

 

Related Articles

  • PLAYING BY HIDDEN RULES. Fleenor, D. Gail // National Petroleum News;Oct2006, Vol. 98 Issue 11, p40 

    The article provides information about the fees that are a percentage of every transaction that MasterCard International Inc. and Visa USA Inc. banks collect when a customer uses a credit or debit card for purchase. These fees have been collected without transparency to the merchants. Therefore,...

  • MC Overtakes Visa in Some Market Metrics . Kuykendall, Lavonne // American Banker;12/20/2002, Vol. 167 Issue 243, p5 

    Cites a report by Nilson Report and CardWeb.com, a division of Ram Research Group Ltd., showing credit card company MasterCard's lead over its rival Visa U.S.A. Inc. in credit card market in the country. Visa's share in debit card industry; Number of credit cards issued by the companies;...

  • Ruling Against Visa, MasterCard Affirmed. Lee, W.A. // American Banker;9/18/2003, Vol. 168 Issue 180, p20 

    An appeals court on Wednesday affirmed a 2001 decision that forces Visa U.S.A. Inc. and MasterCard International Inc. to drop their rules that bar member banks from issuing cards on rival networks. Observers were surprised at the relative speed of the decision by the U.S. Court of Appeals for...

  • New Pan-European Card Scheme Still Up In The Air. Balaban, Dan // Cards & Payments;Nov2008, Vol. 21 Issue 11, p20 

    The article discusses the Pan-European card payment schemes. Some of the groups that have planned to launch these type of schemes are the Belgium-based Euro Alliance Payment Schemes (EAPS), Monnet and Payfair. There are also new card schemes that comply with the Single Euro Payments Area (SEPA)...

  • Lines Form To Support Prepaid Networks.  // ATM & Debit News;1/18/2007, Vol. 7 Issue 11, p1 

    The article reports that three of the four major card associations, Visa USA, MasterCard Worldwide and Discover Financial Services, either have launched or joined networks that support the reloading of prepaid cards. Gwen Bézard, research director of Aite Group, said prepaid is considered by...

  • Honing AmEx's edge. Levin, Gary; Lafayette, Jon; Fitzgerald, Kate; Turner, Rik // Advertising Age;6/17/1991, Vol. 62 Issue 25, p3 

    This article reports on the launch of the Membership Miles, a frequent-traveler reward program by financial services provider American Express Co., which gives mileage credits for every dollar charged on the company's card, in the U.S. in June 1991. The Membership Miles can be redeemed for...

  • Visa, MC Rehearing Appeal Rejected. Lee, W. A. // American Banker;1/23/2004, Vol. 169 Issue 15, p18 

    Visa U.S.A. Inc. and MasterCard International Inc., denied an appellate rehearing in the Justice Department's antitrust suit, will petition the Supreme Court to overturn a two-year-old district court decision that lets member banks issue American Express and Discover cards. On January 9 the U.S....

  • Card Fee Cap A Nonstarter On Capitol Hill. Adler, Joe; Lindenmayer, Isabelle // American Banker;2/16/2006, Vol. 171 Issue 32, p1 

    This article presents information about a hearing by the House Energy and Commerce subcommittee on commerce, trade, and consumer protection. Committee members sounded reluctant to cap the fees retailers pay banks for processing credit and debit card transactions. While expressing sympathy for...

  • Visa, MC to Discuss Refund Plan in Court. Kuykendall, Lavonne // American Banker;9/11/2003, Vol. 168 Issue 175, p8 

    Visa U.S.A. Inc. and MasterCard International Inc. are due to appear in California Superior Court today to discuss a plan for refunding almost $1 billion of fees they charged to U.S. cardholders who made international purchases. In April, Judge Ronald M. Sabraw ruled against Visa and MasterCard...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics