Excellent comments TBE but if you think the value chain isn't...

Excellent comments TBE but if you think the value chain isn't going to change why would Wildash estimate banks stand to lose $140M of fee revenue from DC ??

Comments for Nov 20th 08 article

In the case of Customers, users will be charged a $2 fee for using any one its machines, which are prevalent in convenience stores under brands including Bank of Queensland, St George, Arab Bank and Travelex.

Currently, Customers receives $1 per transaction and the bank or card issuer retains the other $1. The banks, never one to let a dollar go by, initially opposed direct charging, which was to have started three years ago.

Wildash estimates the banks stand to lose $140 million of fee revenue annually. But having completed the technical work to facilitate direct charging, they're now on board.