Central Banking

EC put cards on the table and Visa comes up trumps

AUSTRALIA - The European Commission (EC) has approved Visa's rules on interchange fees for debit and credit cards.

The ruling is likely to cause some disquiet in the Reserve Bank of Australia (RBA) which is questioning some aspects of Visa's rules in the form of an inquiry initiated by the Australian Competition and Consumer Commission (ACCC).

An interim report on the credit card interchange fees charged by banks has been keenly disputed by the banking industry. Had the EC taken a harder line,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: