Media Release Number 2012-22: In June, the Reserve Bank announced the decision to vary the surcharging Standards to allow card scheme rules to limit surcharges to the reasonable cost of card acceptance, effective 1 January 2013. The Bank also published a draft Guidance Note on the varied surcharging Standards. The feedback that the Bank received on the draft Guidance Note has mostly indicated that the industry sees benefit in a form of guidance that is more prescriptive than that provided in the June draft. Accordingly, at its meeting on 17 August, the Payments System Board decided to revise the Guidance Note.