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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The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
The merchants pay merchant service fees to their acquirers at least equal to the interchange fee. ... in 1997, the ACCC asked APCA to require its members to implement ‘efficient pricing principles’ in setting interchange fees for EFTPOS and ATM
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
Banking Fees in Australia
10 May 2005
Bulletin
– May 2005
In the case of credit cards, banks charge these fees partly to cover the ‘interchange’ fee that they pay to a cardholder's bank whenever a credit card purchase is made. ... On 31 October 2003, the Reserve Bank introduced reforms to credit card
https://www.rba.gov.au/publications/bulletin/2005/may/2.html
The Operation of the Bank's Interchange Standards | Consultations
28 Feb 2019
Consultations
Interchange Standards and Net Compensation
https://www.rba.gov.au/publications/consultations/201902-operation-of-the-interchange-standards.html
Banking Fees in Australia
15 Jun 2017
Bulletin
– June 2017
The Reserve Bank has conducted an annual survey on bank fees since 1997. The most recent survey suggests that banks' aggregate fee income increased at a relatively slow pace in 2016. Deposit and loan fee income continued to decline relative to the
https://www.rba.gov.au/publications/bulletin/2017/jun/4.html
Retail Payments Policy and Developments
24 Oct 2016
PSB Annual Report
– 2016
The first were efficiency issues related to interchange fees and the transparency of card payments. ... In particular, the review considered: whether interchange fee caps were inefficiently high; the implications of the widening of the range of
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-policy-and-developments.html
Merchant Service Fees and Market Shares for Credit and Charge Cards
10 Aug 2005
Bulletin
– August 2005
a cardholder used a Bankcard, MasterCard or Visa card – the so-called ‘interchange fee’. ... The average merchant service fee has now fallen by more than the 0.4 percentage point decline in the average interchange fee.
https://www.rba.gov.au/publications/bulletin/2005/aug/2.html
Retail Payments Regulation and Policy Issues
20 Sep 2018
PSB Annual Report
– 2018
When the standard relating to credit card interchange fees came into effect in July 2017, both Mastercard and Visa reset their credit card interchange fee schedules to comply with the new ... This requirement is intended to limit the possibility that
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
In the event a scheme has exceeded the benchmark, it must reset its interchange fee schedule, such that had those fees applied over the preceding four quarters, the benchmark would not ... In Europe, the European Commission recently assessed the
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Banking Fees in Australia
10 May 2008
Bulletin
– May 2008
The total value of merchant service fees fell significantly after the RBA's credit card interchange fee reforms were introduced in late 2003 and, despite the substantial increases in transaction values ... Following reform of the EFTPOS system in
https://www.rba.gov.au/publications/bulletin/2008/may/3.html
Banking Fees in Australia
10 May 2009
Bulletin
– May 2009
interchange fee reforms (Graph 3). ... In 2008, exception fees totalled $1.2 billion, around 10 per cent of banks' total fee income (Table 5).
https://www.rba.gov.au/publications/bulletin/2009/may/2.html