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Subject:  Re: PIN-based POS v. Check Cards Date:  6/13/2002  1:30 PM
Author:  SeattleNative Number:  17139 of 24357

Here is a very good story from Australia:
"A joint report by the Reserve Bank of Australia (RBA) and the Australian Competition and Consumer Commission (ACCC) into the fee structure of electronic payments system - currently run exclusively by the banks - has concluded that banks are charging too much in 'interchange fees' with their customers wearing the cost."

The complete story is at
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