Having advocated for it earlier this year, Gareth Vaughan is encouraged to see the Government proposing merchant service fee regulation, but calls for bolder action
By Gareth Vaughan Shortly after midday on Thursday, a few minutes after two government ministers began a press briefing outlining proposals to regulate merchant service fees, ASB issued a press release. "ASB decreases merchant services fees to further support Kiwi businesses," the bank trumpeted. The short three paragraph release said ASB welcomed the Government's move to consult on merchant service fees, and had immediately implemented a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation is known. Topping it off, the rebate would be ...
Source: interest.co.nz