Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
Search Results
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
the need to negotiate bilateral agreements with established participants can put both new issuers and acquirers at a competitive disadvantage. ... schemes, which are expected to reduce credit card interchange fee amounts paid by acquirers by around $350
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Governor's Foreword
2 Oct 2013
PSB Annual Report
– 2013
The new standards became effective in March 2013, supported by a guidance note to assist schemes, acquirers and merchants in determining the reasonable cost of acceptance.
https://www.rba.gov.au/publications/annual-reports/psb/2013/gov-foreword.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
New technology (terminals and chip-based cards) rolled out by card issuers and acquirers to enable contactless tap-and-go card payments.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Background | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
The floor is specified to be 80 per cent (currently $0.04) of the cap paid to the acquirer. ... Hence, they specifically require that existing participants offer prospective acquirers an interchange fee no less than the lowest fee paid to an existing
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/background.html
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
these costs through an interchange fee paid by the acquirer, and passed on to the merchant through a ‘merchant service fee’. ... Gateway arrangements mean that some acquirers receive less than $0.10 per transaction and some issuers pay more than $0.30
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Developments in Retail Payment Systems
25 Oct 2010
PSB Annual Report
– 2010
Acquirers and self-acquirers with bilateral interchange agreements in the EFTPOS system are required to report information on the bilateral fees they receive each year. ... Because interchange fees on EFTPOS transactions are paid by the card issuer to
https://www.rba.gov.au/publications/annual-reports/psb/2010/dev-payments.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
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
A Model of Competing Payment Systems
17 Apr 2009
RDP
2009-02
The absence of separate issuers and acquirers in the model makes it appropriate to such a setting. ... Despite the absence of distinct issuers and acquirers (and consequent lack of explicit interchange fees), the model could arguably still be used to
https://www.rba.gov.au/publications/rdp/2009/2009-02/model-competing-payment-systems.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