Anonymouse CC's downunder?
Matthew X
profrv at nex.net.au
Sun May 16 06:26:27 PDT 1999
ACCC welcomes credit card reforms
August 27 2002
The Australian Competition and Consumer Commission said today it welcomed
the Reserve Bank of Australia's (RBA) credit card reforms.
"The ACCC has worked closely with the Reserve Bank since the designation of
the credit card network in April 2001 and strongly believes that the
reforms will lead to a more competitive and efficient credit card network
in Australia," ACCC chairman Professor Allan Fels said.
"Increased competition and efficiency will be to the benefit of both
Australian businesses and consumers."
Professor Fels said a system allowing new entrants to issue credit cards or
provide merchant services will open up what is currently a closed shop.
CREDIT CARD REFORMS
RBA to slash hidden fees
Australia's central bank will slash the hidden fees banks charge for credit
card transactions by almost half, open up the system to new competitors and
allow retailers to charge cardholders for the cost of accepting credit
cards. more
Key points in RBA credit card reforms
ACCC welcomes credit card reforms
Reform to cut cost of goods, services
http://smh.com.au/articles/2002/08/27/1030053054440.html
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