Brief: MasterCard follows Visa in Reserve Bank legal challenge

MasterCard International has followed fellow card scheme Visa in suing the Reserve Bank of Australia over its proposals to cut credit card interchange fees.

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Brief: MasterCard follows Visa in Reserve Bank legal challenge

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

MasterCard says the RBA's proposed reforms will damage its business in Australia and fail to meet the public interest test. Like Visa it is asking the Federal Court to rule against the changes.

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