Reserve Bank of Australia Goes After Bill Payment Interchange Fees
Geoffrey Newman reports for Australian IT on the Reserve Bank of Australia's move to force publication of interchange fees in the Australian BPay bill payment scheme.
"In the event that BPay is unwilling to publish its interchange fees, (the RBA) will call for submissions on whether it would be in the public interest to designate the BPay system with a view to considering the possibility of setting a standard that would require BPay to publish these fees," the bank said in a statement.
More in this RBA press release.
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