Central Banking

Visa drops action against RBA

Visa has dropped its appeal against the court ruling against it in the credit card reform action against the Reserve Bank of Australia. The company's international board decided to quit the action after a meeting in Hawaii on 29 October.

Source: Herald Sun

Battle weary Visa has withdrawn from its lengthy stoush with the Reserve Bank, leaving Mastercard as the lone ranger in the fight to overturn new credit card rules.

Visa was appealing against a Federal Court decision which upheld the central

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