Chaos looms for restaurants – so sack the bank

Despite a 12-month lead up to compulsory credit card PIN numbers, many restaurants are woefully unprepared for the impending switchover. The banks, more focused on their mortgage clients, have disgracefully neglected these small business customers.

The head of the Restaurant and Catering Industry Association of Australia, John Hart, told me yesterday that only about 20-30 per cent of his members are ready for Friday’s big switchover to compulsory credit card PIN numbers.

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