Central Banking

RBA makes progress with card surcharging guidelines

A woman making a credit card payment

The Reserve Bank of Australia (RBA) today (August 23) revealed that the credit and debit card industry had called for more detailed guidance to be given with regard to surcharges applied to services.

In June, the central bank announced it intended to end "excessive" charges for using credit and debit cards. As of January 1, 2013, rules will allow "reasonable" fees only. However, lack of clarity in the draft guidelines has clearly been raised as a problem by card scheme providers as the central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: