Search: interchange fee
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 Evolution and Regulation of the Payments System
14 Mar 2006
Speech
Speech by Philip Lowe to the Payments System Conference 2006, Melbourne Business School, Melbourne
https://www.rba.gov.au/speeches/2006/sp-ag-140306.html
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
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
This compares with 1.40 per cent immediately prior to the standard on interchange fees becoming effective. ... 3). In particular, the interchange fees in the MasterCard system are currently two basis points higher than those in the Visa system.
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.html
Retail Payments Trends
24 Oct 2016
PSB Annual Report
– 2016
Table 4 shows the interchange fees applying in the credit card and debit card systems as at end June. ... All interchange fee benchmarks and rates quoted in this section are exclusive of GST.
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html
Background | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
Following this, the Bank varied its interchange fees Standard in 2009 to accommodate the possibility of EPAL setting a multilateral interchange fee for the EFTPOS system. ... The multilateral interchange fee schedule introduced by EPAL reverses the
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/background.html
Collective Setting of Wholesale Fees | I A Consultation Document
9 Mar 2023
If the interchange fee were to change, merchant service fees and rebates to credit cardholders would both change by the same amount and in the same direction. ... Despite these descriptions of a competitive negotiating process for determining interchange
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/collective-setting-whlsl-fees.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
The Card Payments Review
12 May 2016
Speech
Speech delivered by Malcolm Edey, Assistant Governor (Financial System), at the Cards & Payments Australia conference, Melbourne
https://www.rba.gov.au/speeches/2016/sp-ag-2016-05-12.html
The Options | A Revised Interchange Standard for the EFTPOS System – November 2009
9 Mar 2023
Any bilateral interchange fees would also be required to be below this cap. ... Under the preferred option, existing bilateral cash-out interchange fees would remain unregulated.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/options.html
Attachment | A Variation to the Access Regime for the ATM System: Consultation Document – May 2012 | Consultations
29 May 2012
Consultations
ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;. ... 13. 14. Each ATM Acquirer in the ATM system that receives an interchange fee within the terms of sub-paragraph.
https://www.rba.gov.au/publications/consultations/201205-acc-reg-atm-sys-cons-doc/attachment.html