Only two banks and one banking association lodged submissions with the Reserve Bank of Australia over the review into surcharging on credit card payments, and they are lukewarm on the merits of any change from the status quo.The Australian Payments Clearing Association wrote that while it supports the RBA "exploring the issue… restricting pro-market reforms should not be made lightly… The regulation of merchant surcharging would represent a move away from finding market-based solutions for payments policy issues."APCA wrote that "we would strongly object to a requirement that merchants disclose their merchant service fees to consumers", a point echoed in the submissions from Commonwealth Bank and Westpac.CBA wrote that if there was to be a cap on surcharging it ought to reflect the (undisclosed) merchant fee plus a reasonable margin to reflect other costs of acceptance.CBA, however, supported the Australian Merchant Payments Forum in noting that "the incidence of 'excessive' surcharging, while frequently publicised, is relatively isolated to a small number of merchants taking advantage of market power."While some 'fine tuning' may be justified, we do not, however, believe that such instances amount to a widespread market failure that would warrant heavy-handed regulatory intervention."Westpac called for the review of surcharging to wait for the over-lapping review of innovation in payments.MasterCard called for the RBA to ban surcharging on card-not-present transactions, given the lack of an alternative, and cited comparative research on this issue by banks in France, as well as regulatory action taken in Britain in support of this move.MasterCard also suggested that the "no surcharge" rule be restored on scheme debit payments.In its submission, Tyro Payments linked analysis of limits on surcharging to innovations in payments such as contactless payments.