“This invention relates to payment processing. More specifically, it relates to providing an intermediary between a payor and payee that makes payments to payee using a virtual payment card account.

In this paper we show the notional development of the level of the multilateral interchange fee (MIF) for debit card payments, based on the Tourist Test methodology. The attraction of this methodology ...

Credit-card holders will be the losers from proposals by the Reserve Bank to reduce the interchange fee, writes David Bell. In December last year, the Reserve Bank of Australia released for public ...