Business · Companies · 1 hr ago

Pressure grows on banks and card firms over swipe fees

Banks and credit card companies in Australia are facing pressure to pay standard swipe fees.

These fees are charged when customers make payments by card.

The call is for finance firms to absorb the fees instead of passing the cost on.

The story does not specify who currently pays them or how much they cost.

It also does not identify who is urging the change.

The debate matters because it concerns who bears the cost of everyday card payments.

No decision or next step is given.

Sources

SMH · 1 hr ago