Submissions on Changes to the Bank's Standards for Card Payment Systems

Following its consultation on an Issues Paper released in March 2015, the Bank published a Consultation Paper proposing changes to its standards for card payments systems. The review follows a recommendation in the Final Report of the Financial System Inquiry (FSI) that the Payments System Board (PSB) consider a range of measures related to card payments regulation, particularly in relation to interchange fees and surcharging. The PSB sought views on the draft standards as well as on other issues discussed in the Consultation Paper.

Received by 3 February 2016

• American Express Australia Limited 109KB

  or Download 72KB

  3 February 2016

  Additional submission received 21 March 2016.

• Australia and New Zealand Banking Group Limited 158KB

  or Download 28KB

  3 February 2016

• Australian Newsagents' Federation Ltd 662KB

  or Download 459KB

  3 February 2016

• Australian Payments Clearing Association 970KB

  or Download 47KB

  3 February 2016

• Australian Taxpayers' Alliance 1003KB

  or Download 237KB

  3 February 2016

• Bank of Queensland Limited 882KB

  or Download 28KB

  3 February 2016

• Klaus Bartosch 26KB

  1 February 2016

• CHOICE 1.91MB

  or Download 121KB

  3 February 2016

• Citi 49KB

  1 February 2016

• Commonwealth Bank of Australia 137KB

  or Download 57KB

  1 February 2016

• Consumer Action Law Centre 49KB

  or Download 64KB

  3 February 2016

• Cuscal Limited 159KB

  or Download 45KB

  3 February 2016

• eftpos Payments Australia Limited 748KB

  or Download 77KB

  3 February 2016

• First Data 132KB

  or Download 32KB

  3 February 2016

• Flight Centre Travel Group Limited 1.78MB

  or Download 59KB

  3 February 2016

• Live Performance Australia 142KB

  or Download 363KB

  3 February 2016

• MasterCard 902KB

  or Download 614KB

  3 February 2016

• MWE Consulting Pty Ltd 109KB

  or Download 35KB

  18 January 2016

• Peter Mair 105KB

  28 January 2016

• National Billing Group Pty Ltd 203KB

  or Download 66KB

  3 February 2016

• Qantas Airways Limited 288KB

  or Download 226KB

  2 February 2016

• Sinclair Davidson and Jason Potts 2.61MB

  or Download 551KB

  3 February 2016

• The Australian Federation of Travel Agents 980KB

  or Download 1.93MB

  2 February 2016

• Ticketmaster Australasia Pty Ltd 255KB

  or Download 76KB

  3 February 2016

• Tyro Payments Limited 93KB

  or Download 1.12MB

  3 February 2016

• Visa 1.02MB

  or Download 1.85MB

  3 February 2016

• Westpac Banking Corporation 402KB

  or Download 105KB

  3 February 2016

• Jonathan Wong 24KB

  2 February 2016

• Woolworths Limited 308KB

  3 February 2016

• Christopher Zinn 72KB

  3 February 2016

Received after 3 February 2016

• American Express Australia Limited 133KB

  or Download 80KB

  21 March 2016

• Australian Retailers Association 299KB

  or Download 106KB

  12 February 2016

• Customer Owned Banking Association 203KB

  or Download 111KB

  4 February 2016

• Indue 125KB

  or Download 307KB

  5 February 2016

Confidential Information

The Bank received 15 confidential submissions, including some from entities that also provided public submissions.

Surcharging and Interchange

The Bank has received over 800 emails from individuals regarding surcharging. These submissions expressed similar views to the submission from Mr Klaus Bartosch 26KB.

The Bank also received over 1300 identical emails from individuals regarding interchange fees. The text of the identical emails is reproduced here 20KB.