Reserve Bank reveals blueprint to axe card surcharges

The Reserve Bank says abolishing surcharge fees on card payments will help consumers and businesses. (Dan Peled/AAP PHOTOS)

RESERVE BANK OF AUSTRALIA'S PROPOSED SURCHARGES BAN

*The Reserve Bank of Australia has proposed removing surcharges on EFTPOS, Mastercard and Visa card transactions, which it says will save consumers $1.2 billion a year