Sunday, April 02, 2006

"Australian Credit Cards: Issuers' Interchange Plea Likely to Fall on Deaf Ears." (Comtex Community)

(Comtex Community Via Thomson Dialog NewsEdge) (Datamonitor via COMTEX) --In 2003 the Reserve Bank of Australia (RBA) enforced reforms to the credit card payment system, which reduced interchange fees. Visa and the Australian Bankers Association (ABA) are now hoping for a review of the reforms arguing that consumers could suffer in future. However, it can be argued that the changes have actually benefited consumers and therefore the RBA is unlikely to order a review. ...

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[source: Technology Marketing Corp.)