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RESERVE BANK OF AUSTRALIA

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.

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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

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