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

By on
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Log In

Username / Email:
Password:
  |  Forgot your password?