KM Financial Solutions | Australia could intervene to unwind Visa, Mastercard preferential payment structure
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Australia could intervene to unwind Visa, Mastercard preferential payment structure

Australia could intervene to unwind Visa, Mastercard preferential payment structure

Australian regulators would
consider intervening to stop banks from automatically directing
“tap-and-go” card payments through the world’s largest payment
processors Visa and Mastercard Inc., the Reserve
Bank of Australia (RBA) said Wednesday.

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