Submissions on Impact of Interchange Standard on Competition between Card Schemes
In its Media Release of 11 December 2006, the Reserve Bank noted concerns by some parties that particular aspects of the credit card interchange standard had the potential to distort competition between card schemes. The Bank therefore sought views on whether this issue should be included in the 2007/08 Review of Payment System Reforms or examined sooner. It also sought views on how the compliance aspects of the credit card, and possibly Visa Debit, interchange standards might be altered to address any concerns about the impact of the standards on competition between the schemes.
The following submissions have been received.
Australia and New Zealand Banking Group
Limited
Letter
[PDF 50K]
1 February 2007
Australian Merchant Payments
Forum
Credit
Card Interchange Fees [PDF 45K]
25 January 2007
Commonwealth Bank of Australia
Payment
System Issues - Credit Card Interchange Fees
[PDF 25K]
31 January 2007
Indue Ltd
Credit
Card Interchange Fees [PDF 72K]
29 January 2007
National Australia Bank
Submission
on Credit Interchange Fees [PDF 34K]
17 January 2007
Visa International Service
Association
Credit
Card Interchange Fees [PDF 26K]
31 January 2007
Westpac Banking Corporation
Credit
Card Interchange Fees [PDF 19K]
1 February 2007
Confidential Information
The following organisations provided submissions containing commercial-in-confidential information:
- MasterCard
- Virgin Money Australia
