Direct Charging of Card Fees

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Australia’s payment card regulations are similar to those used in a variety of countries around the world. However, as it is argued below, they are complex, open to gaming and have failed to win support from consumers.
In this paper, we present an alternative approach to regulation involving direct charging for card fees. This approach is technically feasible, improves transparency, meets the objective of efficiency of the payment’s system, and is simpler than current regulation.


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