Why the Reserve Bank isn't the right regulator for our payments system
- Written by The Conversation
The Reserve Bank regulates interchange fees - the credit card fees paid by merchants - but why?Image sourced from www.shutterstock.comSometimes boring debates are important. Mind numbing detail gets in the way of good policy. So it is with an obscure feature of credit cards known as “interchange fees”.
At the moment these fees are both...
Read more: Why the Reserve Bank isn't the right regulator for our payments system