Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
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Opening Statement to House of Representatives Standing Committee - The Australian Payments System
15 May 2006
Speech
Opening Statement delivered by Philip Lowe to House of Representatives Standing Committee on Economics, Finance and Public Administration, Sydney
https://www.rba.gov.au/speeches/2006/sp-ag-150506.html
Guidance Note | Common Benchmark for the Setting of Credit Card Interchange Fees
9 Mar 2023
The Reserve Bank recognises that, due to trends in different types of transactions, the weighted average of interchange fees may change over time, even though interchange fee rates themselves have not ... For example, if an interchange fee rate is
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/guidance.html
Consultation on Proposed Changes to the EFTPOS Interchange Fee Standard
9 Mar 2023
final decision was made on whether to remove regulation or proceed with a further realignment of interchange fees. ... It also noted that interchange fees in these schemes were not subject to normal competitive pressure.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-proposal-sep09.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
As required, the new interchange fee arrangements became effective on 31 October 2003, with the new fees varying slightly across the schemes reflecting differences in costs. ... Most merchants visited received substantial unilateral fee reductions,
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Waiver of Requirement to Recalculate Interchange Fee Benchmark
9 Mar 2023
Waiver of Requirement to Recalculate Interchange Fee Benchmark March 2015. The Reserve Bank waives the requirement to recalculate the cost-based measure and the common cost-based benchmark for the
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/waiver-of-requirement-to-recalculate-interchange-fee-benchmark.html
Collective Setting of Wholesale Fees | I A Consultation Document
9 Mar 2023
If the interchange fee were to change, merchant service fees and rebates to credit cardholders would both change by the same amount and in the same direction. ... Despite these descriptions of a competitive negotiating process for determining interchange
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/collective-setting-whlsl-fees.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
In cases where there has been regulatory pressure, interchange fees have tended to decline. ... Data from financial institutions suggest that since September 2006 the average merchant service fee has increased by around 10 cents per transaction, compared
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
Reform of Australia's Payments System: The 2007/08 Review
27 Jun 2007
Speech
Speech by Philip Lowe to the 4th International Consumer Credit Card Summit 2007, Sydney
https://www.rba.gov.au/speeches/2007/sp-ag-270607.html
The Evolution and Regulation of the Payments System
14 Mar 2006
Speech
Speech by Philip Lowe to the Payments System Conference 2006, Melbourne Business School, Melbourne
https://www.rba.gov.au/speeches/2006/sp-ag-140306.html
Reasons for the Decision to Designate the EFTPOS Payment System
9 Mar 2023
This statement provides the reasons for the decision of the Payments System Board to designate the Electronic Funds Transfer at Point Of Sale (EFTPOS) debit card payment system as a payment system under Section 11 of the Payment Systems (Regulation)
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-decision.html