Central Banking

Australian credit-card case clears first hurdle

The potential complexity of Visa and MasterCard's landmark legal action against the Reserve Bank of Australia over credit-card reforms was underscored on Wednesday when the parties spent the day resolving how confidential information from 50 third parties would be dealt with during next year's trial.

Legal representatives from at least five of these third parties, including Commonwealth Bank, the Australian Bankers Association, Cashcard Australia, ING Bank and Telstra came forward in the Feder

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