Senator Michaelia Cash has called on banks to offer retailers lower fees for contactless card payments, which have risen during the pandemic crisis, by offering "least-cost routing" to merchants.
Michaelia Cash has written to the ABA to ensure it is listening to the Reserve Bank's warnings on least-cost routing of 'tap and go' payments. Philip Gostelow
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
