By David Jacobson The Third Report of the Review of the Four Major Banks by the House of Representatives Standing Committee on Economics has made 4 recommendations some of which overlap government announcements, other inquiries (including the Royal Commission on Banking) and litigation:
1. The committee recommends that banks be required to give merchants the ability to send tap-and-go payments from dual-network debit cards through the channel of their choice. The Committee recommends that if the banks have not facilitated this recommendation by 1 April 2018, the Payments System Board should take regulatory action to require this to occur.
2.The committee recommends that the Australian …read more
Source:: Bright Law