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"
Attachment 1 | A Variation to the Surcharging Standards: A Consultation Document | Consultations
10 Dec 2011
Consultations
i. a merchant from recovering part or all of the reasonable cost of acceptance of credit cards issued under the Scheme by the merchant charging fees or surcharges to credit card ... ii. a merchant, in recovering part or all of the reasonable cost of
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/attachment-1.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
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
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
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/
Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
cards. Credit card users are effectively ‘subsidised’, in the sense that they are charged less than the cost of the credit card payment services they use (or are even offered rebates ... in reforming debit card interchange fees at the same time as
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.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
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/
Access Regime and Standards | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
Neither the rules of the Scheme, nor any participant in the Visa Debit system, or the Visa credit card system, may require a merchant to accept Visa Debit cards as a ... Likewise, neither the rules of the Scheme, nor any participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/access-regime.html