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Visa , Mastercard foiled in bid to escape Reserve Bank regulation

Giant US card companies, Visa and Mastercard, have been foiled in a bid to escape regulatory control of their Australian interchange fees. They  had hoped to escape the irksome regulation, which caps the fees that their banking agents can charge each other for switching and processing card transactions. Instead, the fees will continue, and may even

Click on the title to read more Visa , Mastercard foiled in bid to escape Reserve Bank regulation