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PayDay News | Australian Payments News

It’s time! Mandate Least Cost Routing … properly, Ombudsman

PayDay News
31 Oct, 2024
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Staff Reporter
PayDay News
31 Oct, 2024
Add us as a preferred source on Google
The Australian Small Business and Family Business Ombudsman, Bruce Billson, has called for Least Cost Routing (LCR) of debit card payments to be mandated by the Reserve Bank of Australia, comparing the current system to expensive and unnecessary toll roads.
It’s time! Mandate Least Cost Routing … properly, Ombudsman
It’s time! Mandate Least Cost Routing … properly, Ombudsman

The Australian Small Business and Family Business Ombudsman, Bruce Billson, has called for Least Cost Routing (LCR) of debit card payments to be mandated by the Reserve Bank of Australia, comparing the current system to expensive and unnecessary toll roads.

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