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RBA Glossary definition for EFTPOS

EFTPOS – electronic funds transfer at point of sale. The eftpos system is a domestic debit card system managed by eftpos Payments Australia Limited.

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Designation of the EFTPOS System | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | …

8 Jun 2012 Consultations
the EFTPOS system would be defined to extend beyond the bounds of EPAL. ... The new designation in relation to the EFTPOS system is set out in Attachment 1.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/designation-efpos-system.html

Proposed Changes to the EFTPOS Interchange Standard | A Revised Interchange Standard for the EFTPOS System – November 2009

9 Mar 2023
The draft Standard largely replicated the effect of the Visa Debit interchange Standard for the EFTPOS system. ... Finally, the draft Standard imposed two obligations in relation to transparency of EFTPOS interchange fees.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/proposed-changes.html

Attachment 2 | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
EFTPOS Interchange Activity’ has the same meaning as in the EFTPOS Scheme Rules;. ... EFTPOS Scheme Rules’ are the rules promulgated under the constitution of the Company;.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/attachment-2.html

Reform of Debit Card Systems in Australia

7 Jul 2006 Media Releases
The Reserve Bank introduces reforms for scheme debit systems
https://www.rba.gov.au/media-releases/2006/mr-06-04.html

EFTPOS Benchmark Calculation

12 Dec 2009 Media Release PDF 10KB
Reform of the EFTPOS System
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-06-eftpos-benchmark-calc.pdf

The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey

21 Nov 2023 RDP PDF 2354KB
The Evolution of Consumer Payments in Australia: Results from the. 2022 Consumer Payments Survey. Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson. Research Discussion Paper. R DP 2023- 08. Figures in this publication were
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf

Submissions on the Future Regulatory Framework for the EFTPOS System

9 Mar 2023
In May, the Payments System Board completed the first phase of its review of the EFTPOS system, with its decision to implement a new designation. ... This consultation – the second phase of the review – sought comments on the future regulatory
https://www.rba.gov.au/payments-and-infrastructure/submissions/future-regulatory-framework-for-the-eftpos-system/

Payments System Reform

24 Feb 2005 Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html

Attachment A | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005

9 Mar 2023
using the EFTPOS system by accessing a deposit account held at the participant;. ... debit card transaction’ or ‘transaction’ means a transaction in Australia using the EFTPOS system;.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-a.html

Competition and Efficiency

11 Nov 2004 PSB Annual Report – 2004
It has also considered the relationship between the interchange fees in the credit card and EFTPOS system. ... to EFTPOS cards, despite scheme-based debit cards having higher overhead expenses and higher rates of fraud.
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html