An Access Regime for the Visa Debit System: A Consultation Document – July 2005 1. Introduction

This Consultation Document proposes a draft Access Regime for the Visa Debit system. The regime would ensure that Specialist Credit Card Institutions are eligible to participate in the Visa Debit system.

The Consultation Document is structured as follows. Section 2 provides some relevant background, including a discussion of the difficulties with the current access arrangements for the Visa Debit system. Section 3 then discusses the options considered by the Bank, while Section 4 presents the access regime proposed by the Bank. This draft regime has been gazetted as required under the Payment Systems (Regulation) Act 1998.

Given that the proposed access regime is almost identical to the access regime for credit cards, the Bank is seeking submissions by 10 August. As is usual practice, all submissions will be placed on the Bank's website and an opportunity will be provided to those making submissions to discuss them with the Bank.

Submissions should be addressed to:

Head of Payments Policy
Reserve Bank of Australia
GPO Box 3947