Credit card fee changes could devalue reward schemes used by SMEs, warns American Express

Summary

New card payment regulations, which commence mid-year, could impact how SMEs conduct business but a majority have a limited understanding of the changes, American Express has warned. Card payment regulations announced by the Reserve Bank of Australia last year are due to come into force from July and will cap the fee that Visa, MasterCard and bank-issued American Express […]

Tags: American Express, card payment, Credit, credit card, interchange, Martin Seward, MasterCard, Reserve Bank