Woolworths, Coles to raise tap-and-go limit to $200 – Finance – Hardware – Networking – Software- Tempemail – Blog – 10 minute

Australia’s two biggest supermarkets Woolworths and Coles will raise their dollar limits for contactless transactions without PIN numbers from $100 to $200 in a bid to stop further COVID-19 infections by lessening the use of payment terminal keypads.
The move comes, iTnews has confirmed, after the two grocery giants agitated strongly for the lift to the government, prevailing on global credit card schemes Mastercard and Visa as well as regulators and Tempemail Cabinet to raise the current $100 limit until the spread of the virus subsides.
The official announcement of the lifting of the contactless limit is scheduled for Friday morning, however it is already working in some supermarkets.
Woolworths chief executive Brad Banducci has been publicly outspoken about the need for the contactless limit to rise.
Customers using Apple Pay to tap via glass will also be roped in under the raised limit.
Importantly, eftpos transactions linked to Apple Pay – which is offered by ANZ, Suncorp and raft of smaller banks – will also be PIN free to $200. Bank issued eftpos cards that use tap, like the classic CBA Keycard, will also work.
Less clear is how other merchants will be treated.
Coles and Woolworths are classed as ‘strategic merchants’ under payment card interchange fees because of the volume of transactions they push. This means the supermarkets get lower card interchange fees, money that is shunted between issuing banks.
One issue is that while Australia’s biggest retailers might be doing the right thing in terms of hygiene, if smaller merchants are not roped in, it will effectively steer customers to the supermarkets with the most market power.
A further issue is that the push to get people to use contactless transactions overall will deliver a handsome revenue windfall to credit card giants Mastercard and Visa because the bulk of debit-based tap-and-go transactions ride on their so-called proprietary rails.
The Reserve Bank of Australia has been pushing for banks to further roll out a regulatory reform known as least cost routing, also know as merchant choice routing, that lets shopkeepers set the rails transactions ride on rather than the banks and the card schemes.
Shopkeepers are already on the warpath over tap fee gouging having formed a fightback group earlier this year. 
With the RBA’s review of payments systems regulation and now on hold until next year, and consumers being urged to tap more than ever, an obvious and real question arises as to whether there is now a case for more immediate regulatory measures.  
Coles and Woolworths are being contacted for comment.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Woolworths, Coles to raise contactless PIN-free limit to $200 – Finance – Hardware – Networking – Software- Tempemail – Blog – 10 minute

Australia’s two biggest supermarkets Woolworths and Coles will raise their dollar limits for contactless transactions without PIN numbers from $100 to $200 in a bid to stop further COVID-19 infections by lessening the use of payment terminal keypads.
The move comes, iTnews has confirmed, after the two grocery giants agitated strongly for the lift to the government, prevailing on global credit card schemes Mastercard and Visa as well as regulators and Tempemail Cabinet to raise the current $100 limit until the spread of the virus subsides.
The official announcement of the lifting of the contactless limit is scheduled for Friday morning, however it is already working in some supermarkets.
Woolworths chief executive Brad Banducci has been publicly outspoken about the need for the contactless limit to rise.
Customers using Apple Pay to tap via glass will also be roped in under the raised limit.
Importantly, eftpos transactions linked to Apple Pay – which is offered by ANZ, Suncorp and raft of smaller banks – will also be PIN free to $200. Bank issued eftpos cards that use tap, like the classic CBA Keycard, will also work.
Less clear is how other merchants will be treated.
Coles and Woolworths are classed as ‘strategic merchants’ under payment card interchange fees because of the volume of transactions they push. This means the supermarkets get lower card interchange fees, money that is shunted between issuing banks.
One issue is that while Australia’s biggest retailers might be doing the right thing in terms of hygiene, if smaller merchants are not roped in, it will effectively steer customers to the supermarkets with the most market power.
A further issue is that the push to get people to use contactless transactions overall will deliver a handsome revenue windfall to credit card giants Mastercard and Visa because the bulk of debit-based tap-and-go transactions ride on their so-called proprietary rails.
The Reserve Bank of Australia has been pushing for banks to further roll out a regulatory reform known as least cost routing, also know as merchant choice routing, that lets shopkeepers set the rails transactions ride on rather than the banks and the card schemes.
With the RBA’s review of payments systems regulation and now on hold until next year, and consumers being urged to tap more than ever, an obvious and real question arises as to whether there is now a case for more immediate regulatory measures.  
Coles and Woolworths are being contacted for comment.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Tariff pain turns to gain: US computer stockpiles help meet virus rush – Finance – Hardware – Storage- Tempemail – Blog – 10 minute

As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days – an unusually fast turnaround made possible by a build-up of inventory prompted by the US-China trade war.
Computer companies including Boston school vendor Acer Inc ordered extra laptops for import in early December ahead of scheduled US tariffs on products from China, where 90 percent of the world’s laptops and monitors are made.
While the tariff plans have since been canceled as part of a “phase one” trade deal, the build is letting companies meet a surge in demand from US students and workers stuck at home due to lockdowns, even as customers in Japan, India and Britain face weeks-long delays and “out of stock” signs.
“We’re going to be able to fulfill everything for everybody” in the United States, said Richard Black, a vice president of marketing at Acer, which sold about as many laptops worldwide as Apple Inc last year.
“It turned out to be an excellent call to order early.”
Other products sought after by families on lockdown, including toys and computer monitors, are also relatively plentiful in the United States. They too had been scheduled to fall under a 15 percent tariff starting last Dec. 15.
California-based MGA Entertainment, which sells Little Tikes backyard toys and LOL Surprise collectible dolls, in December placed an import order for 15 percent more than normal from China, or slightly under US$10 million in goods, CEO Isaac Larian said.
It has been able to fulfill about 60 percent of US demand as consumers seek ways to entertain their children at home.
Fulfillment rates are lower in Europe, where MGA did not bring in extra products, Larian said.
“It did work out a little but the supply chain is still disrupted majorly,” he said.
The virus closed many factories in China for a month or more, delaying spring-time deliveries to warehouses globally.
The coronavirus originated in China last year and has since spread across 205 countries and territories. Globally it has infected more than 850,000 people and killed over 42,000, according to a Reuters tally.
For an interactive graphic tracking the global spread of the virus: open https://tmsnrt.rs/3aIRuz7 in an external browser.
Demand is buzzing
Some popular computer monitors now are out of stock even in the United States as a result of the work-from-home rush, said Linn Huang, an analyst at technology market tracker IDC.
On Amazon.com, merchants have raised prices on top-rated consumer laptops by US$50 to US$100, according to tracking on price comparison tool CamelCamelCamel.
However, businesses purchasing from commercial sellers have not seen price jumps, according to industry analysts.
Boston schools paid US$5 million, or about the usual US$250 each, for the 20,000 Chromebooks sent by Acer on two trucks each from warehouses in Los Angeles and Chicago.
“Now is not the time when dealing with children and education environments to try to jack up prices and have some short-term profitability,” Acer’s Black said.
Analysts expect laptop demand to slow if the global economy sputters further and widespread layoffs continue due to the impact of the virus.
But with many still tuning their work-from-home set-ups, demand is buzzing. Computer exports from South Korea surged 82 percent in March over last year.
Some computer makers are even weighing the expensive move of transporting devices by plane versus boat, said Jeff Lin, a Tapei-based researcher at Omdia.
The goal, he said, is to gain market share by being first to get devices in stock.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

US officials agree on new ways to control high tech exports to China – Strategy – Hardware- Tempemail – Blog – 10 minute

The Trump administration is tightening rules to prevent China from obtaining advanced US technology for commercial purposes and then diverting it to military use, several sources told Reuters.
Three measures agreed to by senior US officials in a meeting last Wednesday, but not finalised, would introduce hurdles that could be used to stop Chinese companies from buying certain optical materials, radar equipment and semiconductors, among other things, from the United States.
The moves are advancing as relations between the United States and China, a key customer for US technology, sour over the deadly coronavirus pandemic, which originated in Wuhan, and tit-for-tat expulsions of journalists from each country.
They are also a sign of growing nervousness within the US government over China’s “civil-military” fusion promoted by President Xi Jinping, which aims to build up its military might and super-charged technological development in tandem.
China hardliners within the administration say it is time to update US rules in light of the Chinese policy, since some US shipments abroad are authorized based in large part on whether they will be used for civilian or military applications.
Since “the Chinese have said to us, ‘anything you give to us for a commercial purpose is going to be given to the military,’ what point is there in maintaining a distinction in our export control regulations?” said former White House official Tim Morrison, who was involved in drawing up the changes, which have been in the works since at least last year.
It was not clear if President Donald Trump would sign off on them, despite the decision last week to press ahead with their roll-out.
Industry fears the new rules, which include withdrawing license exceptions, could drive Chinese consumers into the arms of foreign rivals.
“There’s a chilling effect when they start taking away the availability of these license exceptions for particular exports,” said Washington trade lawyer Eric McClafferty. “It makes people more nervous to export to China.”
The White House, the Commerce Department, and the Chinese Embassy in Washington did not respond to requests for comment.
‘Civ’ exemption
One change would do away with the civilian or “civ” exemption, which allows for the export of certain US technology without a license, if it is for a non-military entity and use, sources said.
The exception, which eases the export of items like field programmable gate array integrated circuits, would be eliminated for Chinese importers and Chinese nationals.
FPGA circuits are made by several companies, including Intel and Xilinx .
A Xilinx spokesperson said in a statement: “Xilinx is aware of the proposed increased export restrictions to China and is monitoring the situation closely. We will comply with any new US Department of Commerce rules and regulations if/when they are enacted.”
Intel declined to comment.
Doug Jacobson, another Washington lawyer who specialises in trade, said that several of his clients were concerned about the elimination of the civilian exemption, mainly companies involved with electronics.
“It could be significant for certain companies,” Jacobson said. “In terms of whether that would lead to (licence) denials, who knows? But it would be an additional hurdle to jump through for a US company to sell to commercial end users in China.”
Another change would stop China’s military from obtaining certain items without a licence even if they were buying them for civilian use, such as scientific equipment like digital oscilloscopes, airplane engines and certain types of computers.
If implemented, the measure could block certain shipments to Chinese military importers like the People’s Liberation Army, even if they said the item would be used in a hospital, for example.
A final change would force foreign companies shipping certain American goods to China to seek approval not only from their own governments but from the US government as well.
The Trump administration’s concern, one person said, is that a lot of US allies are not as worried about China’s civilian and military fusion.
Industry has already expressed concern about some of the proposed regulatory changes, which were published last year.
At the same meeting last week, senior officials in the Trump administration agreed to new measures to restrict the global supply of chips to Huawei.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

NSW schools to loan thousands of laptops during COVID-19 – Hardware- Tempemail – Blog – 10 minute

NSW public school students without access to a computer or the internet will be loaned a device and wi-fi modem to use during the coronavirus pandemic.
The state’s Department of Education on Tuesday said thousands of students in need would be loaned devices under its plan to allow them to continue learning from home.
While schools remain open in the state, the majority of students are now being kept home by their parent, as government lockdown measures continue to intensify. 
The department said it is currently exploring how to bridge the digital divide by surveying schools, with priority being given to Year 12 students.
It has asked each of the state’s 2200 public school principals to help pinpoint gaps in technology and how many devices are required. 
One school that has already supplied students with devices is Grafton High School in NSW’s Northern Rivers region.
The school, which has a BYOD policy, provided 100 Chromebooks to the 30 percent of students without a device last week in a bid to bridge the digital divide.
It has also established a ‘help desk’ to help parents and students solve any internet connection issues they encounter.
Other schools like Warilla North Public School near Wollongong are sourcing enough laptops to loan to students in need by using resource allocation model equity funding.
The department is also looking at supplying an internet connection to students without a home internet connection in much the same way that Victoria has said it will.
Education minister Sarah Mitchell said the department is in talks with telecommunications companies to access modems and dongles that students can use to access the internet.
It comes as the federal Labor Party calls for the three percent – or 55,600 – of Australian households without internet to be granted a rebate to connect to the NBN during COVID-19.
NSW is one of the better prepared states for online learning, with a number of cloud-based platforms like Google G Suite, Microsoft Teams and Adobe Connect already available to schools. 

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

New York’s Northwell Health begins 3D printing nasal swabs for coronavirus testing – Strategy – Hardware- Tempemail – Blog – 10 minute

New York-based hospital system Northwell Health said it has started to make its own nasal swabs using 3D printing, enabling it to produce thousands of swabs a day that can be used in testing for the coronavirus.
Northwell said its focus on swabs was part of an effort to avoid supply shortages related to the components for kits used in testing for COVID-19, the highly contagious, sometimes deadly respiratory disease caused by the coronavirus.
Health experts have said widespread testing is the best way to track and trace the spread of the virus.
Researchers at Northwell and three other institutions – the University of South Florida (USF), Tampa General Hospital in Tampa, Florida, and privately-held, Massachusetts-based 3D printing company Formlabs – devised a way to print the swabs needed to collect mucous and cell samples, according to lead researcher Todd Goldstein, Northwell’s director of 3D design and innovation.
Pilot study results showed the devices are safe and effective, and it has begun printing them as needed, Northwell spokesman Matthew Libassi said on Tuesday. It can print up to 3,000 a day.
The four participants plan to share the prototype with other institutions. Any hospital with a 3D printer and the materials could make their own swabs, Northwell said.
With 23 hospitals, Northwell is the largest healthcare provider in New York state, which has by far the most cases in the United States. The new coronavirus has sickened more than 175,000 people in the United States and more than 3,400 people have died.
The swabs used in COVID-19 testing are 12.7 cm long with a tiny brush at the end to scoop up cells and mucous and have a hollow center to capture fluids, Goldstein said.
The devices must be made from a substance that does not interfere with the RNA, or genetic makeup, of the virus. “You can’t use cotton or wood,” Goldstein said.
As a test, Goldstein’s team swabbed 10 patients both with standard swabs and the new 3D printed swabs and compared the results to confirm they could effectively collect the cells needed to run the COVID-19 test and provide the same accurate results.
Northwell’s team opted for a nylon resin already approved by the US Food and Drug Administration for use in dental implant procedures to create the swabs. Swabs do not require FDA approval, Libassi said.
Northwell and Formlabs have large supplies of the resin because they use it to print devices for other medical purposes, he said.
A Formlabs executive said the company plans to price the swabs comparably with traditional swabs.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

NSW Police extends IDEMIA deal for cop shop biometric scanners – Hardware – Software – Security- Tempemail – Blog – 10 minute

NSW Police has extended its contract with digital security firm IDEMIA to support 142 LiveScan biometric scanners used in police stations across the state.
IDEMIA on Tuesday said it had secured a six-year contract extension with Australia’s largest police force worth $4 million to continue to support and maintain the LiveScan solution.
LiveScan is a static biometric device that allows officers to capture fingerprints in a digitised format and transfer them to the national automated fingerprint identification system (NAFIS).
NAFIS, which is operated by the Australian Criminal Intelligence Commission, is also supported by IDEMIA.  
NSW Police has been using the LiveScan technology, which is also used in Victoria, Queensland and the NT, for at least the last 20 years.
LiveScan is supported by IDEMIA’s “proprietary fingerprint algorithm and workflow software to enhance the process of booking criminals and recording of biometric data”.
But the NSW Police is increasingly using NEC smartphone-compatible fingerprint scanners, which can be used by officers when on the beat. 
The devices are considered a “significant” improvement to non-portable fingerprint scanning devices like Livescan.
IDEMIA’s Asia Pacifc president and senior vice president for public security and identity said the contract extension strengthens the company’s two-decade  partnership with NSW Police.
“This collaboration proves IDEMIA’s capacity to provide critical support and maintenance when it comes to integrating multiple biometrics technology to increase national security and support efficient police services,” he said.
“It is a great honour to be supporting the biggest police organisation in Australia.”

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Driverless cars could help curb drink-driving but boost binge drinking – Hardware- Tempemail – Blog – 10 minute

Driverless vehicles are touted as having a number of health and safety benefits like reducing the number of accidents caused by human error, but new research suggests the added safety may unintentionally promote unhealthy behaviours.
A study out of Perth’s Curtin University suggests that while drink-driving rates and the associated damages could plummet with the introduction of autonomous cars, travellers are more likely to engage in binge drinking.
Lead author of the study published in the Drug and Alcohol Review, Leon Booth, said the “unintended negative consequence” in higher rates of alcohol consumption is likely going to be driven by increased availability of affordable and convenient transport.
“We surveyed 1334 adult Australians, about half of whom reported being likely to use an autonomous vehicle after consuming alcohol, while more than one-third were likely to consume more alcohol if they planned to use an autonomous vehicle (AV),” Booth said.
“Lower age, more frequent alcohol consumption, a positive attitude to autonomous vehicles and a preference for using ’ride-share’ AVs were associated with a greater likelihood of engaging in these behaviours.”
Study co-author, Distinguished Professor Simone Pettigrew, added that ass autonomous vehicles become more readily accessible to consumers, this issue is likely to complicate public health initiatives.
“Because the introduction of the vehicles will likely bring both positive and negative health effects, this represents a complex challenge for policymakers charged with reducing alcohol-related harms,” Pettigrew said.
“A particular challenge will be the need to encourage the use of autonomous vehicles after drinking without encouraging drinking per se.”
However, she acknowledged that as the market’s exposure to driverless cars has been “very limited” until now, further research is needed as more people begin using them to understand the full impacts of the technology on people’s behaviour in the Australian context.
In the US, people have already grown complacent around cars with semi-autonomous functions, such as Tesla’s “misleading” autopilot function.
By the end of 2019, 12 crash crashes had been linked with the autopilot system.
Data from a fatal Tesla crash involving 38-year-old Apple software engineer Walter Huang revealed the system had not detected his hands on the wheel in the moments before the crash despite warnings from the carmaker that drivers must remain in control and alert at all times when the autopilot system is engaged.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Wollongong Uni begins 3D printing protective equipment for health workers – Projects – Hardware – Software- Tempemail – Blog – 10 minute

TRICEP’s Cameron Angus and Gordon Wallace. Source: UOW

The University of Wollongong has joined a number of global organisations including Renault and Tesla pivoting their operations to 3D print medical supplies to support healthcare workers during the COVID-19 pandemic.
Researchers from the university are working with the Illawarra SHoalhaven Local Health District to determine what can be produced using local 3D printing capabilities, such as face shields or parts for ventilators.
Designs are being refined and prototypes are currently going into production for final testing at Wollongong Hospital.
Meanwhile, the team from UOW is moving towards scaling up production in collaboration with local industry to produce hundreds of face shields per week.
Manager of the UOW Makerspace – a public creative space providing ‘makers’ from the community with a space to brainstorm ideas and access tools, equipment and training – Jessica Grozdanov said the face shield initiative is supported by international open source collaboration.
“Over the past week, an open source design for a face shield that can be 3D printed has been circulated internationally,” Grozdanov said.
“We have 3D printers available at the UOW Makerspace which got us thinking whether our local hospitals could benefit from an initiative like this.
“Makerspaces and other innovative manufacturing initiatives are increasingly playing an important role in the response to crises, as we can respond quickly to a particular need and can offer innovative, local solutions in high priority scenarios.”
Separately, UOW researchers were also working on the same problem at the the ARC Centre of Excellence for Electromaterials Science (ACES), and TRICEP (the Translational Research Initiative for Cellular Engineering and Printing supported by the Australian Tempemail Fabrication Facility – ANFF).
“It turns out great minds think alike,” ACES/ANFF/TRICEP director, Professor Gordon Wallace, said.
“Our team at TRICEP, facilitated by ANFF, had been working on a 3D printed face shield design, when we were contacted by UOW Makerspace who was working on a similar concept.”
The TRICEP facility is home to a number of additive manufacturing technologies, including 3D bioprinting – a process in which biomaterials such as hydrogels or other polymers are combined with cells and growth factors, then printed to create tissue-like structures that can imitate natural tissues.
“We’re working towards a common goal and can move quickly, which is critical as face shields are in high demand, there is a great shortage of them and they are needed immediately,” Gordon said.
The team is also testing more sophisticated 3D printing designs for use in the fight against the coronavirus, including ventilator components such as vales and splitter in case a shortage arises.
Volunteers in Italy were able to successfully design and 3D print valves at a cost of US$1 per unit after the manufacturer, Intersurgical, wouldn’t release plans for the piece as they are the company’s intellectual property.
Despite widely reported rumours that Intersurgical threatened to sue over copyright infringement, The Verge reports that the company had no intention of ma

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Commonwealth Bank, Westpac rush to pause electronic payment fees – Finance – Hardware – Networking- Tempemail – Blog – 10 minute

The Commonwealth Bank of Australia and Westpac have moved to temporarily scrap lucrative merchant service fees for electronic card payments in an attempt to stop more businesses shutting their doors, paving the way for a major rethink around how payments are clipped by institutions.
It was announced by CBA chief executive Matt Comyn and the head of Westpac’s business bank, Guil Lima – the bank is yet to appoint a new chief executive – in separate statements on COVID relief packages to flow from today as the government continues to discourage cash payments.
The hardcore steering of consumers away from cash and towards contactless or ‘tap’ payments by the government had been looming as a potential public relations disaster for banks because the sudden shift out of cash coupled with panic buying at supermarkets risked delivering a fee windfall at the direct expense of merchants.
According to Comyn, around 70,000 small businesses will have their merchant fees automatically waived.
Notably, CBA is also handing out terminal rental fee waivers to larger businesses that ask for them, a move that will bring some relief to retailers that have been forced into high street hibernation.
“Over the last fortnight we announced a number of measures to support our small business and retail customers through this very challenging period,” Comyn said.
“It has become apparent over the last week that medium-sized and larger businesses will also need significant support.”
Westpac says it is “refunding the merchant terminal rental fee for up to three months” with businesses told to either contact their relationship manager or apply online.
The announcement of the fee waivers came on the same day as the Australian Banking Association announced a cross-industry credit relief package made possible by the Australian Consumer and Competition Commission lifting regular controls on banks collaborating.
What’s less clear however is whether multinational payments giants Mastercard and Visa will also pass on fee relief or just leave it to the banks, who issue their cards and then collect hefty interchange fees through a convoluted series of merchant classifications and card type.
Visa and Mastercard have doggedly defended the operation of the interchange fee system that, like buy-now pay-later, extracts income from merchants by charging them to accept card payments, either physically or online.
At the same time merchants are also forced to pick up the bulk of the losses for online card fraud, even thought the banks and multinational payments schemes often own the networks and systems that are exploited.
The other time bomb sitting in the mix of COVID-19 relief measures is the rapid rise of debit payments and their displacement of credit cards in the market.
According to the Reserve Bank of Australia’s latest study of consumer payments made using debit rocketed from 30 percent to 44 percent in terms of the share of the number of payments made below $9,999 between 2016 and 2019.
The graph below also illustrates the shifting mix.

The same study put credit cards falling from 22 percent to 19 percent across the same period, with cash dropping from 37 percent to 27 percent.
The problem for merchants, and now banks, is that because of the incentive structures put in place when contactless payments were first rolled out, most tap payments now route by default across Mastercard and Visa’s premium rails rather than across the cheaper eftpos network.
The tap-and-go hegemony of the two global card schemes has caused serious concerns at the RBA for years, especially its propensity to increase the cost of accepting card and online payments by merchants.
To address the issue, the RBA introduced reforms known as ‘least cost routing’ or ‘merchant choice routing’ where businesses got to choose what rails their payments rode on and thus could control the fee clip better – providing their bank actually offered them the choice, which they were meant to do.
The sluggishness of some banks to roll out and promote this drew uncharacteristically direct criticism from RBA governor Philip Lowe in December, statements that came as the RBA went to the now-postponed consultation on the review payments system, including stronger mandates for least cost routing.
With the review now postponed, cash on the nose and consumers being told to tap as the default, there’s now a serious question as to whether a more swiftly implemented mandate to bring medium term relief to merchants beyond the 90-day electronic payment fee holiday isn’t now a realistic option.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!