Australians still use credit, ATM cards despite rising interest rates

Australians still use credit, ATM cards despite rising interest rates
Tags: Bank / Credit Union, Debit / Credit, EMV, Encrypting Pin Pads (EPP), Retail / Off-Premises, Transaction Processing
July 30, 2006

Datamonitor: A media report found that Australians are struggling financially because of a recent hike in interest rates imposed by the Reserve Bank of Australia. But in reality, balances outstanding and total cash advances increased on credit cards. Cash advances also reached a new record.