The Australian Competition and Consumer Commission (ACCC) has filed a complaint against Visa. The watchdog is accusing the global card issuer of misusing market power in order to prevent the expansion of dynamic currency conversion services (DCC) in merchant outlets and at ATMs.
Eight US states are introducing or drafting state legislation that will prevent merchants from charging the consumer surcharges on credit card purchases, according to the US Credit Union National Association (CUNA).
A third of UK credit limits are unused, despite a reduction of credit limits since 2008, according to data from credit analysts FICO. The figures reveal there is GBP50bn (USD79bn) worth of unspent credit.