Payments System Review Conference
Sydney, 29 November 2007
As part of the Reserve Bank of Australia’s 2007/08 review of the reforms to Australia's payments system, the Bank co-hosted a conference with the Centre for Business and Public Policy at the Melbourne Business School. The conference was held in Sydney on 29 November 2007.
The first half of the day comprised two sessions. In the first, Professor Jean-Charles Rochet from Toulouse University presented a paper that examined competition between payment systems and the role of interchange fees in this process; and Dr Alan Frankel from Lexecon presented a paper that explored whether concerns about interchange fees could be addressed other than through the direct regulation of these fees. In the second session, the Bank presented the results of the cost and usage studies it had undertaken as part of the review. For each of these three presentations there were two discussants, followed by a period for general discussion.
The afternoon took the form of an open discussion moderated by Professor Ian Harper from the Melbourne Business School. Professor Harper invited participants to nominate issues for this session ahead of the conference. On the basis of submissions, a number of introductory speakers were selected by Professor Harper to open the discussion on each topic, after which contributions from the floor were invited.
A conference volume, containing conference papers and a summary of discussion, was published on 17 April 2008.
Conference Papers
Session 1A
Competing Payment Systems: Key
Insights from the Academic Literature [PDF
76K]
Presentation
Slides [PDF 196K]
Jean-Charles Rochet, Toulouse University
Session 1B
Towards a Competitive Card Payments
Marketplace [PDF 218K]
Presentation
Slides [PDF 1.2M]
Alan Frankel, Lexecon
Session 2
Payments in Australia – Costs and Use
Carl Schwartz, Reserve Bank of Australia
-
Payment Costs in Australia [PDF
350K]
-
Household Payment Patterns in
Australia [PDF 757K]
-
Presentation
Slides [PDF 57K]
-
Supporting Material
Lunch
Lunchtime
Address [PDF 122K]
Chris Hamilton, Australian Payments Clearing
Association
Session 3
Paper
for RBA Payment Systems Review Conference [PDF
54K]
Leigh Clapham, MasterCard
Introductory Comments on Interchange
Fees [PDF 47K]
Paul Rickard, Commonwealth Bank of Australia
Interchange Fees [PDF 17K]
Douglas Swansson, Coles Group
Session 4
Access and Innovation [PDF
93K]
Geoff Bebbington, National Australia Bank
Access and Innovation in the
Australian Payments System [PDF 43K]
Manuel Garcia, Indue Ltd
