Are credit card charges going up or down?

The Reserve Bank of Australia's Payments System Board will review credit and debit card payment regulations.

The PSB said average merchant service fees for MasterCard and Visa transactions have fallen by 0.63 percentage points over last few years. Across all card systems, the overall drop is 38 per cent.

The value of card transactions in Australia has grown from $187 billion in 2002 to $510 billion in 2014.

Source: Banking Day