Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Private Net Costs
31 Dec 2014
RDP
2014-14
complimentary insurance) that credit cards offer (although this is before taking into account interest payments for customers who carry a balance on their credit card). ... For merchants, the private costs of credit cards are lower for card-present
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
See 13 more results from "RDP 2014-14"
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
They then fell to around 0.55 per cent when the credit card reforms were introduced. ... Competition authorities in a number of countries have also taken action against the credit card schemes.
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
the international card schemes (MasterCard and Visa) have regulations that prevent merchants recovering from cardholders the cost of accepting credit cards; and. ... Recent data show that, from a merchant's perspective, credit card transactions cost
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Under this standard, the designated credit card schemes of Visa and MasterCard are not permitted to prohibit merchants from passing on the cost of accepting credit cards to customers that use ... One motivation for these arrangements from the banks'
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 2)
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: III Submissions Received (Volumne 2)
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol2/
Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 1)
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 1)
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/
Reform of Credit Card Schemes in Australia: Responses to Consultation Document
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: Responses to Consultation Document
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-responses/
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html