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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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The Australian Payments Landscape
1 Jul 2009
RDP
2009-04
Similar interchange fees also applied for the Visa Debit system (the only scheme debit system then in operation). ... These included setting interchange fee benchmarks for the credit card, debit card and EFTPOS systems, and removing scheme rules that
https://www.rba.gov.au/publications/rdp/2009/2009-04/australian-payments-landscape.html
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
This high rate of acceptance is likely to partly reflect reductions in merchant acceptance fees over time, which in turn has been associated with Reserve Bank interchange and surcharging regulation (Occhiutto ... To recover their costs, a merchant may
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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References
11 Sep 2015
RDP
2015-05
Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access. ,
https://www.rba.gov.au/publications/rdp/2015/2015-05/references.html
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Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
The result of this approach is that the scope of the Bank's regulation has been relatively narrow, largely covering interchange fees and scheme rule restrictions relating to merchants in card ... The report also recommended that NPPA provide greater
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
Box B Interchange Fees. An interchange fee is a fee charged by the financial institution on one side of a payment transaction to the financial institution on the other side of ... The higher the interchange fee, therefore, the less the cardholder has to
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
9 Sep 2020
RDP
PDF
1619KB
This high rate of acceptance is likely to partly reflect reductions in merchant acceptance fees over. ... time, which in turn has been associated with Reserve Bank interchange and surcharging regulation.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-06.pdf
Submission to the Financial System Inquiry March 2014
10 Nov 2017
Submissions
PDF
3041KB
Financial System Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/pdf/financial-system-inquiry-2014-03.pdf
Fee Income | Submission to the Inquiry into Competition within the Australian Banking Sector – November 2010 | Financial Sector |…
30 Nov 2010
Submissions
Prior to the reforms, the customer's financial institution paid an ‘interchange fee’ of around $1 to the ATM owner to cover the costs of providing ATM services. ... Foreign fees were around $2 on average. The reforms abolished interchange fees and
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/fee-income.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-References
8 May 2024
Submissions
RBA and ACCC (2000), Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access, October. ... Available at <>. Verdier M (2011), ‘Interchange Fees in Payment Card Systems: a Review of the Literature’, Journal of Economic
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/references.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates - ATM Fees | Submission to the Inquiry into the…
27 Aug 2015
Submissions
Interchange fees had proved to be extremely inflexible. With the cost of ATM provision rising, there was concern that the $1.00 interchange fee might make deployment of ATMs by independent ... ATM numbers increased as independent deployers took advantage
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/atm-fees.html