Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
The system is built around a series of bilateral business contracts and technical links between issuers and acquirers. ... what this might be, remains a matter for negotiation between issuers and acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
In credit card transactions, the interchange fee flows from acquirers to issuers. ... The merchants pay merchant service fees to their acquirers at least equal to the interchange fee.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper
8 May 2024
Submissions
Submissions – Payments System Proposed merger between Armaguard and Prosegur. Submission to the ACCC. October 2022. Download the Submission 6.7. MB. Note: Some statements have been redacted. The Reserve Bank of Australia (the Reserve Bank) has
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
Recent takeovers have seen the ratings of both St George and BankWest raised to match their acquirers, Westpac and Commonwealth Bank.
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
The rollout of new technology by card acquirers has enabled the widespread acceptance of contactless ‘tap and go’ card payments, which now account for around 80 per cent of consumer card
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
In the EFTPOS system, interchange fees flow from the issuer to the acquirer – the opposite direction to scheme products. ... One factor affecting the acquiring market is the ability of large merchants to effectively bypass acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
in some cases, reduce the revenue flow that they receive from their acquirer every time an EFTPOS card is used in their business. ... Existing members need to be confident, for example, that a new card issuer will be able to pay acquirers whenever the
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html
Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
a more liberal access regime that allowed for the entry of specialist credit card service providers, both issuers and acquirers, to be supervised by the Australian Prudential Regulation Authority (APRA). ... card issuer to the acquirer and are negotiated
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
The Cost of Card Payments for Merchants
19 Mar 2020
Bulletin
– March 2020
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
These are then passed on to merchants by acquirers in the form of a higher merchant service fees. ... For most card transactions, the interchange fee is paid by the acquirer to the issuer.
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