Review of Retail Payments Regulation October 2021

• Executive Summary
  • Box A: Changes from the Consultation Paper
  • Box B: Implications of the Review for smaller merchants
• Introduction
• Dual-network debit cards and least-cost routing
  • Box C: The cost of debit transactions in Australia
  • Box D: Principles for LCR in the device-not-present environment
  • Box E: Online LCR in practice
  • Box F: Principles to address tying conduct
• Interchange fees
• Scheme fees
• Surcharging
• Other issues
• Varied standards and implementation
  • Box G: Likely implications of the reforms
• References
• Appendix A: Varied standards

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