The next wave of that regulation should come into effect soon - the banks tried some loopholes and merchants like Jetstar claimed they needed to levy huge surch

The next wave of that regulation should come into effect soon - the banks tried some loopholes and merchants like Jetstar claimed they needed to levy huge surcharges so another reform is required: "the Board is proposing to change the Bank's surcharging standard with the aim of ensuring that customers cannot be surcharged any more than the cost of accepting cards." "It is proposed that no credit card interchange fee will be able to exceed 0.80 per cent and no debit interchange fee will be able to exceed 15 cents if levied as a fixed amount or 0.20 per cent if levied as a percentage amount." http://www.rba.gov.au/media-releases/2015/mr-15-24.html http://www.rba.gov.au/media-releases/2015/mr-15-24.html