SUBMISSIONS ON DRAFT COMMON CREDIT CARD INTERCHANGE STANDARD

On 20 July 2005 the Reserve Bank gazetted a draft standard for the setting of interchange fees that would determine a common benchmark for interchange fees in the Bankcard, MasterCard and Visa credit card schemes. The Bank sought submissions on the draft standard. The following submissions have been received.

• Received by 23 August 2005
• |
• Received after 23 August 2005

Received by 23 August 2005

Commonwealth Bank of Australia
Payments System Reform - PDF 24K
22 August 2005

Visa International Service Association
Proposed changes to credit card interchange standard - PDF 69K
22 August 2005

Westpac Banking Corporation
Response to RBA's Proposed Changes to the Credit Card Interchange Standard: A Consultation Document – July 2005 - PDF 19K
23 August 2005

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Received after 23 August 2005

Australia and New Zealand Banking Group Limited
Proposed Changes to the Credit Card Interchange Standard: A Consultation Document – July 2005 - PDF 354K
15 September 2005

Australian Merchant Payments Forum
Payments System Reform - PDF 29K
23 August 2005

MasterCard lnternational
Response to Draft Revised Standard for the Setting of Interchange Fees - PDF 350K
26 August 2005

National Australia Bank Limited
Response to Proposed Changes to Credit Card Interchange Standard: A Consultation Document – July 2005 - PDF 22K
26 August 2005