FMI Applauds Australian Interchange Ruling

The Food Marketing Institute last week praised the Reserve Bank of Australia for preserving rules that govern charge card interchange fees in that country.

ARLINGTON, Va. — The Food Marketing Institute here last week praised the Reserve Bank of Australia for preserving rules that govern charge card interchange fees in that country.

The reforms previously instituted by RBA “have increased transparency and competition and lowered the rates — now saving Australian retailers and consumers more than $1 billion a year,” Jennifer Hatcher, FMI’s group vice president of government relations, said in a prepared statement on Friday. “America

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