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VISA INT'L TAKES LEGAL ACTION AGAINST AUSTRALIA'S RESERVE BANK.

AsiaPulse News,  September, 2002  

Tags: Visa Inc.

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SYDNEY, Sept 19 Asia Pulse - The Reserve Bank of Australia (RBA) is the subject of legal action from card operator Visa International over its proposed credit card reforms.

Visa executive vice president for Australia and New Zealand Gordon Wheaton said the RBA had acted beyond the powers conferred on it under the Payments Systems (Regulation) Act.

"We are asking the court to ...