No clarity on murky surcharge rules as high-cost Amex considers its own Aussie ban

Industry insiders say Amex may seize the opportunity to jump on the “no-surcharge” bandwagon despite its high fees, lack of regulation and the practice being allowed in its home country, the United States. But locally-owned eftpos is likely to move first, ahead of Visa and Mastercard where their scheme rules could get murky for corporate and international cards.