Reported at www.theguardian.com: Six Labor MPs are urging the Reserve Bank of Australia to ban all surcharges on debit transactions and significantly reduce merchant fees, calling the current system “unfair” and in need of reform.

This request comes after the federal government’s pledge to eliminate surcharges specifically on debit card payments.

The MPs argue that the rising costs associated with electronic payments are unjustifiable and that debit payments should be treated similarly to cash in terms of transaction fees.