credit card crackdown: companies must charge only real costs /

Published at 2015-10-21 02:57:52

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Scott Morrison says some companies absorb been passing on inflated surcharges of up to 10% when transaction costs them only half a per centScott Morrison has offered more details on how the government will crack down on excessive credit card surcharges,a key pillar of its response to the financial systems inquiry.
The government on T
uesday announced that it would support most of the 44 recommendations of the inquiry, headed by former Commonwealth Bank chief David Murray.
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Source: theguardian.com

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