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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
This is a most excellent place for technology news and articles.
It'll probably work how it works in Australia. Payment terminals accept both the local network (EFTPOS) as well as Visa, Mastercard, etc. Aussie debit cards are processed via EFTPOS, while international cards use Visa/MC/whatever. Aussie cards are dual network (support both EFTPOS and Visa/MC/whatever) so they work overseas too.