Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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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
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
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
Background on the Australian Listed Equity Market | Financial Sector | Submissions
17 Sep 2021
Submissions
If the company has been acquired or merged, this is the name/rank of the acquirer or new entity; see notes.
https://www.rba.gov.au/publications/submissions/financial-sector/background-on-the-australian-listed-equity-market-2021-09/index.html
Contingent Claim Model of a Bank
1 Mar 1993
RDP
9302
Alternatively, a purchaser may be located for the failed institution; the acquirer receives the assets and the licence of the failed bank, and assumes all of the liabilities. ... Thus, the deposit guarantor pays the acquirer B (ϕB A) = (1 ϕ)B A if that
https://www.rba.gov.au/publications/rdp/1993/9302/contingent-claim-model-bank.html
Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions
6 Sep 2017
Submissions
impose, and requirements for acquirers to provide merchants with greater transparency over their payment costs. ... Some banks also issue American Express companion cards for which American Express remains the sole acquirer.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html
List of tables | Submission to the Inquiry into Competition in the Banking and Non-Banking Sectors – August 2015 | Financial Sector |…
27 Aug 2015
Submissions
0.40. –. SecureCode merchant. 0.30. –. SecureCode full. 0.30. –. (a) Fees are 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/tables.html
The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions
1 Aug 2014
Submissions
In a typical ‘three-party’ scheme (such as American Express or Diners Club), the scheme is both issuer and acquirer, with no role for interchange fees. ... The Interim Report seeks views on whether acquirers should be required to give merchants more
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
In the Bankcard, MasterCard and Visa systems, participation was restricted to authorised deposit-taking institutions (ADIs), and rules discouraged ‘specialist acquirers’ (i.e. ... The Bank's reforms address interchange fees (typically paid by
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html