RBA looks to rid Visa, Mastercard of forced routing for tap payments

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RBA looks to rid Visa, Mastercard of forced routing for tap payments

Loses patience with $500m gouge.

Australian regulators will consider intervening to stop banks from automatically directing "tap-and-go" card payments through the world's largest payment processors Visa and Mastercard, the central bank said on Wednesday. Banks must stop automatically directing debit card payments through the ...

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