Transparency of eftpos Interchange Fees

The Standard Interchange Fees in the EFTPOS System requires eftpos acquirers that are party to a bilateral agreement to report to the Reserve Bank each year the range of eftpos interchange fees that they have received from their bilateral interchange agreements.

The Standard also requires that eftpos Payments Australia Limited publish any multilateral interchange fees applying to eftpos transactions on its website or otherwise make these fees publicly available.