The Australian Competition and Consumer Commission is proposing to reauthorise an agreement between members of the FeeSmart ATM sub-network to not charge each other’s cardholders a fee for transactions at ATMs owned by members.
Merchant EFTPOS payments provider Tyro says the move this year to mandatory PIN codes instead of signatures on credit and debit card purchases will better protect consumers and help stamp out card theft and skimming.
Consumer advocacy group CHOICE wants a toughening up by regulators on credit card fees, calling on them to enforce surcharge limits.
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