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Credit card surcharge

THE Federal Government has today introduced a bill that would require credit card surcharges to accurately reflect the costs businesses face to accept a card payment. CHOICE director of Campaigns and Communications Matt Levey said the move would eliminate “high fees airlines slug their customers with every time they book a flight.” The bill is expected to be finalised by early 2016. The Reserve Bank has also proposed a new surcharge standard that will force banks to give businesses clear information ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 03 Dec 15

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