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Mastercard, Visa face new guidelines on interchange fee caps in New Zealand

( September 7, 2022, 01:41 GMT | Official Statement) -- MLex Summary: Mastercard and Visa have been issued with new guidance from New Zealand's competition regulator on the interchange-fee caps that will apply to their networks from November. In a statement today, the New Zealand Commerce Commission said the draft guidance explained the obligations of Visa and Mastercard, along with issuers and acquirers within their networks, under the interchange-fee limits, when they come into effect on Nov. 13.The full statement from the New Zealand Commerce Commission follows; the guidance is attached. ...

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