We examine the impact to date of the Reserve Bank of Australia's decision to reduce interchange fees on credit cards in … Australia by almost half. We find that, in the short run, issuers have recovered between 30 and 40 percent of the loss of … relatively little evidence thus far that the intervention has affected the volume of card transactions in Australia. …

of Interchange-Fee Capping in Australia" (published in this issue) that was presented at the Antitrust Activity in Card …