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RBA Glossary definition for interchange fee

interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.

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RBA The Introduction of Direct Charging for ATMs

10 Apr 2009 Bulletin – April 2009
As part of the package of reforms, the interchange fee paid by the cardholder's financial institution has been eliminated and, in line with this, foreign fees have also fallen. ... In order to allow small financial institutions with very few ATMs to
https://www.rba.gov.au/publications/bulletin/2009/apr/1.html

The Australian Financial System in the 1990s | Conference – 2000

21 Jun 1990 Conferences
Marianne Gizycki and Philip Lowe
Second, fees such as interchange fees are set by each credit card scheme, thus limiting the scope for individual banks within the scheme to adjust fees unilaterally. ... Scheme-wide rules notwithstanding, there is little incentive for a bank to
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html

The Australian Financial System in the 1990s

24 Nov 2006 Conferences PDF 101KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/gizycki-lowe.pdf

Appendix A: Additional Detailed Results

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Interchange fees (issuers to acquirers). 0.49. 0.04. Memo item: average withdrawal value. ... na. 0.01. Issuers – interchange fees (to acquirers). 0.16. 0.22. Acquirers – fee rebates (to merchants).
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html
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Cash

8 Aug 2017 RDP 2017-04
Mary-Alice Doyle, Chay Fisher, Ed Tellez and Anirudh Yadav
Similarly, a reduction in interchange fees for small/contactless card payments by one of the international card schemes in late 2012 may have contributed to a greater willingness by some businesses ... ATM withdrawals that incurred a fee was 28 per cent
https://www.rba.gov.au/publications/rdp/2017/2017-04/cash.html
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Banking Fees in Australia

10 May 2004 Bulletin – May 2004
Fee income from account-servicing charges grew more strongly than transaction fees in 2003. ... Note that the reduction in interchange fees due to credit card reforms introduced by the Reserve Bank did not take effect until 31 October 2003.
https://www.rba.gov.au/publications/bulletin/2004/may/3.html

Banking Fees in Australia

10 Jun 2012 Bulletin – June 2012
Sarah Rudd and Chris Stewart
The Reserve Bank's annual bank fee survey provides information on the fees that commercial banks earn from their Australian operations. ... an increase in fee income from businesses, particularly fees on loans and bank bill facilities; and.
https://www.rba.gov.au/publications/bulletin/2012/jun/5.html

Evidence on Policy Reforms

31 Dec 2014 RDP 2014-05
Crystal Ossolinski, Tai Lam and David Emery
Interchange fees are typically a major determinant of the per-transaction merchant service fees charged by financial institutions. ... Published interchange fees in 2013 ranged from 0.20 or 0.23 per cent for strategic merchants, up to 2.0 per cent.
https://www.rba.gov.au/publications/rdp/2014/2014-05/evi-pol-ref.html
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Domestic Regulatory Developments

8 Oct 2021 FSR – October 2021
card interchange fees; transparency of card network ‘scheme fees’; and surcharging of ‘buy now, pay later’ systems.
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html

Banking Fees in Australia

10 Jun 2010 Bulletin – June 2010
The Reserve Bank's annual bank fee survey provides information on the fees that banks earn from their Australian operations. ... Exception fees for housing loans fell by 6 per cent. Table 5: Exception Fee Income from Households.
https://www.rba.gov.au/publications/bulletin/2010/jun/5.html