Press Release – ASB Bank ASB welcomes the Governments announcement today that it will consult on merchant services fees and has immediately moved to implement a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation. The … ASB welcomes the Government’s announcement today that it will consult on merchant services fees and has immediately moved to implement a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation. The rebate announced today will be back dated to 1 December 2020. ASB’s Executive General Manager Business Banking Tim Deane says, “Merchant services fees are a complex eco system involving multiple financial services parties. A large portion of the fee relates to interchange fees over which ASB has little control, which is why it’s timely, necessary and welcome for the Government to provide overarching direction to the industry via this consultation.”