BRIEF-FCA gets commitment from banks to use 'retry system' to stop unnecessary charges

LONDON, June 7 Fri Jun 7, 2013 4:59am EDT

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LONDON, June 7 (Reuters) * Fca secures commitment from high street banks to use a 'retry system' when

processing payments to stop unnecessary penalty charges * Fca- reached an agreement with seven of the UK's biggest high street banks