This bill fulfils a Government pledge relating to merchant service fees charged to retailers, and wants to bring them into line with comparable economies. The retail payment system is what makes it possible for consumers and merchants to sell and receive goods and services. Before the last election, the Labour Party pledged to regulate these fees to make sure that it was no longer the case that New Zealanders could be charged rapacious amounts for the use of these card systems. The common ones we know, the credit and debit cards, the EFTPOS cards, these are familiar to all New Zealanders.