14 Aug 2018

  • The Australian Government has released the Final Report of the Productivity Commission Inquiry, Competition in the Australian Financial System

  • The Report considers and makes recommendations on a wide variety of payment issues – including interchange fees, merchant routing for dual-network cards and reviewing the regulation of purchase...

4 Apr 2018

  • Productivity Commission recommends Payments System Board ban all card interchange fees, by mid-2019

  • Reserve Bank conducted extensive Review of Card Payments Regulation over 2015/16; new interchange standards came into force on 1 July 2017

  • International experience highlights that bans on interchange can have unintended consequence...

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