Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
Search Results
Retail Payments Regulation and Policy Issues
20 Sep 2018
PSB Annual Report
– 2018
LCR functionality would typically be made available to merchants by acquirers providing updates to their terminals. ... Other banks and acquirers indicated that they would also be making LCR available within six months.
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html
Trends in Payments, Clearing and Settlement Systems
20 Sep 2018
PSB Annual Report
– 2018
for each transaction and the scheme fees that acquirers pay to the schemes. ... They can also include annual or monthly fees, terminal fees, terminal rentals, joining fees and other fees charged to merchants by their acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2018/trends-in-payments-clearing-and-settlement-systems.html
Regulatory Developments in Retail Payments
10 Sep 2012
PSB Annual Report
– 2012
Regulators in the United States, Canada and the European Union (EU) have continued to examine competition at all levels of the payments system – between issuers, acquirers, payment card networks, processors and
https://www.rba.gov.au/publications/annual-reports/psb/2012/reg-dev-ret-pay.html
Retail Payments Regulation and Policy Issues
14 Sep 2017
PSB Annual Report
– 2017
Key elements of the reforms took effect during 2016/17, including surcharging rules for large merchants and obligations on acquirers to provide cost of acceptance information to merchants. ... Additionally, from June 2017, acquirers and payment
https://www.rba.gov.au/publications/annual-reports/psb/2017/retail-payments-regulation-and-policy-issues.html
Strategic Priorities for the Reserve Bank's Payments Work
17 Oct 2019
PSB Annual Report
– 2019
The shift to electronic payments, particularly cards, means merchants are becoming more reliant on acquirers and online payment providers for their payment needs. ... The Bank has taken a number of regulatory actions aimed at improving competition and
https://www.rba.gov.au/publications/annual-reports/psb/2019/strategic-priorities-for-the-reserve-banks-payments-work.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
each transaction, as well as the scheme fees that acquirers pay to the card schemes. ... Merchant fees can also include annual or monthly fees, terminal fees, terminal rentals, and joining fees charged by acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Retail Payments Policy and Developments
24 Oct 2016
PSB Annual Report
– 2016
Acquirers and payment facilitators will be required to provide merchants with easy-to-understand information on the cost of acceptance for each scheme from 1 June 2017.
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-policy-and-developments.html