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RESERVE BANK OF AUSTRALIA

Submissions on Reform of Debit Card Systems – Draft Standards

On 24 February 2005 the Reserve Bank gazetted draft standards for the EFTPOS and Visa Debit systems and released a Consultation Document setting out the draft standards and the reasons why these standards were proposed. The Bank sought submissions on these standards and its reasoning. The following submissions have been received.

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Received by 29 April 2005

Australian Consumers' Association
Draft Standards on EFTPOS and Visa Debit [PDF 9K]
Article: Visa debit threat [PDF 19K]
28 April 2005

Australian Merchant Payments Forum
Submission to the Reserve Bank of Australia: Draft Standards for EFTPOS & Visa Debit [PDF 211K]
29 April 2005

Australian Settlements Limited
Building Society Comments on RBA Draft Standards for Visa Debit and EFTPOS [PDF 104K]
29 April 2005

Bank of Queensland Limited
Letter: Reform of the EFTPOS and Visa Debit Systems in Australia [PDF 16K]
Submission to RBA: EFTPOS and Visa Debit Consultation Document [PDF 48K]
29 April 2005

Commonwealth Bank of Australia
Payments System Reform [PDF 66K]
29 April 2005

CreditLink
Submission to the RBA on the Proposed Draft Standards for EFTPoS and Visa Debit Reform [PDF 62K]
29 April 2005

Credit Union Services Corporation (Australia) Limited
EFTPOS and Visa Debit [PDF 111K]
29 April 2005

Peter Mair
Submission to Reserve Bank: Reform of Card Payments Systems [PDF 104K]
29 April 2005

MoneySwitch Limited
Proposed Standards for Interchange Fees for EFTPOS [PDF 48K]
29 April 2005

National Australia Bank Limited
Response to EFTPOS and Visa Debit Draft Standard [PDF 36K]
29 April 2005

St.George Bank Limited
Reform of EFTPOS and Visa Debit Systems [PDF 40K]
29 April 2005

Suncorp-Metway Ltd
Letter [PDF 27K]
27 April 2005

Visa International Service Association
Letter: Reform of the EFTPOS and Visa Debit Systems in Australia [PDF 29K]
Submission: Comment on Reserve Bank of Australia Draft Standards and Consultation Document [PDF 206K]
Annexure: Reform of the EFTPOS and Visa Debit Systems in Australia – Economic Analysis [PDF 247K]
29 April 2005

Westpac Banking Corporation
Response to RBA’s Reform of the EFTPOS and Visa Debit Systems in Australia, a Consultation Document – February 2005 [PDF 23K]
29 April 2005

Received after 29 April 2005

Australia and New Zealand Banking Group Limited
Reform of the EFTPOS and Visa Debit systems in Australia [PDF 19K]
31 May 2005

Australian Financial Counselling & Credit Reform Association Incorporated
Letter: Visa Debit and the risk of increased credit card use [PDF 34K]
30 April 2005

Coles Myer Ltd
Submission to the Reserve Bank of Australia: Draft Standards for EFTPOS & Visa Debit [PDF 106K]
26 July 2005

Consumers' Federation of Australia
Payment System Reform - Visa Debit Cards [PDF 31K]
5 May 2005