Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): Yesterday, I was pleased to announce the Government's next steps to reduce merchant service fees. It's more good news. Merchant service fees are the fees that banks charge businesses when customers use a credit or debit card to pay. A retail payment systems bill will be introduced later this year that will, among other things, require reductions in the interchange component of these fees as soon as possible. These proposed changes are estimated to save New Zealand businesses approximately $74 million each year and will have a positive flow-on effect to shoppers.