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Australia Court Fines American Express $5.2 Million for Breaching Rules of 2 Co-Branded Credit Cards, Reserve Bank of India Fines Visa $288,000 for Using Authorised Payment Transfer Method
27th July 2024 | Hong Kong
An Australia court has fined American Express $5.2 million (AUD 8 million) for breaching rules of 2 Co-Branded Credit Cards with David Jones (luxury brand), and should have known high cancellation rate means the credit cards are no longer appropriate. Separately, the Reserve Bank of India (FBI) has fined Visa $288,000 (24.1 million India Rupees) for using authorised payment transfer method.
“ Australia Court Fines American Express $5.2 Million for Breaching Rules of 2 Co-Branded Credit Cards, Reserve Bank of India Fines Visa $288,000 for Using Authorised Payment Transfer Method “
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Australia Court Fines American Express $5.2 Million for Breaching Rules of 2 Co-Branded Credit Cards, Reserve Bank of India Fines Visa $288,000 for Using Authorised Payment Transfer Method
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