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Banks Brace For Battle Over RBA Payments Shake
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Banks Brace For Battle Over RBA Payments Shake
Australia’s major banks are preparing to fight back against the Reserve Bank’s proposed overhaul of the payments sector, warning the reforms could dramatically reshape credit cards, loyalty programs, and digital payment services across the country. The central bank last week released a consultation paper outlining plans for sweeping changes to interchange fees, the charges paid between financial institutions whenever customers make Visa or Master
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