Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
Search Results
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
Introduction
20 Sep 2005
PSB Annual Report
– 2005
While in the first instance, the interchange fees are paid by the merchant's bank, they are passed onto the merchant through the fee that is charged for providing credit card ... The Bank has also proposed reducing interchange fees in the Visa Debit
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html
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
Payments System Issues: Consultation on a Variation to the Standards Relating to Surcharging
16 Dec 2011
Media Releases
Payments System Issues: Consultation on a Variation to the Standards Relating to Surcharging
https://www.rba.gov.au/media-releases/2011/mr-11-29.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
Standard | A Revised Interchange Standard for the EFTPOS System – November 2009
9 Mar 2023
The interchange fee benchmark for bilateral interchange fees in the EFTPOS system is to be calculated by the Reserve Bank of Australia as follows:. ... costs to calculate the bilateral interchange fee benchmark in accordance with paragraph 10.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/attachment.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
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
A Draft Revised Standard [Version B] | Proposed Changes to the Credit Card Interchange Standard: A Consultation Document
9 Mar 2023
This Standard will replace Standard No. 1, The Setting of Wholesale ('Interchange') Fees which applies to each of the Schemes individually. ... warrant. For purposes of paragraph 10, the average of interchange fees in each Scheme is a weighted average
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-jul05/b.html