Review of Retail Payments Regulation – Phase 2Merchant Card Payment Costs and Surcharging

Contents

• Glossary of Key Terms
• Executive Summary
• 1. Background
• 2. Surcharging
• 3. Interchange Fees
• 4. Transparency of Wholesale Fees
• 5. Scheme Fees
• 6. Transparency of Merchant Fees
• 7. Least-cost Routing of Debit Card Transactions
• 8. Policy Options for Consultation
• 9. Next Steps
• References
• Appendix A: Questions for Stakeholders
• Appendix B: International Comparison of Card Surcharging and Interchange Frameworks
• Appendix C: Further Details on the Issuer Cost Study
• Appendix D: Draft Standards
  • Draft Standard No. 1 of 2016
  • Draft Standard No. 2 of 2016
  • Draft Standard No. 3 of 2016

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