The Commerce Commission has acted to reduce fees paid by businesses to accept Visa and Mastercard payments by “around $500 ...

The overall cost of interchange fees is around $1 billion for businesses, which were often passed onto customers through ...

The Commerce Commission has confirmed it will reduce how much banks can charge to process credit card payments, which it says will save Kiwi businesses $90 million a year. The Interchange fee makes up ...

The Commerce Commission has issued its final decision today to reduce interchange fees paid by Kiwi businesses, saving them about $90 million a year in payment costs. It costs New Zealand businesses ...