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Commonwealth Bank, Westpac rush to pause electronic payment fees

As banks try fast pain relief for merchants.

The Commonwealth Bank of Australia and Westpac have moved to temporarily scrap lucrative merchant service fees for electronic card payments in an attempt to stop more businesses shutting their doors, paving the way for a major rethink around how payments are clipped by institutions.

READ FULL ARTICLE: https://www.itnews.com.au/news/commonwealth-bank-westpac-rush-to-pause-electronic-payment-fees-540044

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