Search: SCCI
RBA Glossary definition for SCCI
SCCI – Specialist Credit Card Institution
Search Results
Non-Banks in the Payments System: A Central Bank Perspective
4 May 2007
Speech
Remarks by Philip Lowe to the Federal Reserve Bank of Kansas City Conference on ‘Non-Banks in the Payments System: Innovation, Competition and Risk’, Santa Fe
https://www.rba.gov.au/speeches/2007/sp-ag-050507.html
Abbreviations
2 Oct 2013
PSB Annual Report
– 2013
RTGS. Real-time gross settlement. RTPC. Real-Time Payments Committee. SCCI. Specialist Credit Card Institution.
https://www.rba.gov.au/publications/annual-reports/psb/2013/abbreviations.html
The Problem | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
This both discourages entry and imposes unnecessarily high costs on those that seek SCCI status. ... of parties have, in the past, considered gaining SCCI status but decided against it.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/problem.html
Background | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
Since the introduction of these arrangements, only two entities have gained SCCI status; a third entity has recently indicated that it has received in-principle approval to become an SCCI. ... joining the system and that an SCCI intending to acquire both
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/background.html
Abbreviations
12 Sep 2014
PSB Annual Report
– 2014
SCCI. Specialist Credit Card Institution. SEPA. Single Euro Payments Area. SSF.
https://www.rba.gov.au/publications/annual-reports/psb/2014/abbreviations.html
Glossary
11 Nov 2004
PSB Annual Report
– 2004
SCCI. Specialised Credit Card Institution. Settlement. the discharge of obligations arising from fund transfers between two or more parties.
https://www.rba.gov.au/publications/annual-reports/psb/2004/glossary.html
Debit Cards
20 Sep 2005
PSB Annual Report
– 2005
At the time this access regime was being developed, the Bank expected that an SCCI joining the Visa credit card system with the intention of acquiring credit card transactions would also ... If an SCCI is not able to acquire both Visa credit and debit
https://www.rba.gov.au/publications/annual-reports/psb/2005/debit-cards.html
Assessment | Payment Card Access Regimes: Conclusions – March 2014
9 Mar 2023
Potential members and existing SCCIs will also benefit from removing regulatory costs arising from the SCCI regime that are higher than warranted for credit card business. ... schemes will no longer have the option of gaining eligibility through SCCI
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/assessment.html
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
In addition, MoneySwitch, the first organisation seeking to specialise in the provision of acquiring services (including both credit and debit card acquiring) to merchants was authorised by APRA as an SCCI ... Of the new non-bank entrants, only GE Money
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.html
Background | Payment Card Access Regimes: Conclusions – March 2014
9 Mar 2023
A second paper in December 2013 expressed a preliminary view in favour of an option that would remove the existing specialist credit card institution (SCCI) framework, administered by the Australian Prudential ... In addition, the SCCI regime places
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/background.html