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RBA Glossary definition for acquirer

acquirer – An institution that provides a merchant with facilities to accept card payments

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RBAFOI-232437 - documents for release

21 Feb 2024 PDF 479KB
statistics on market concentration card issuers
https://www.rba.gov.au/information/foi/disclosure-log/pdf/232437.pdf

The Shift to Electronic Payments – Some Policy Issues

12 Apr 2023 Speech PDF 615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.pdf

11/12/2019 What's on the Cards? | Speeches ...

11 Dec 2019 PDF 156KB
So the review tightened the definition of the cost of acceptance andintroduced new measures to improve transparency for merchants – acquirers must now providemerchants with data on monthly and annual costs of ... Scheme fees arrangements are complex
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-12-10.pdf

Modernising Australia's Payments System

11 Mar 2024 Speech PDF 486KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-12-12.pdf

13/12/2017 Merchant Payment Costs and Least-cost Routing | Speeches ...

13 Dec 2017 PDF 291KB
However, until very recently, acquirers have indicated reluctance to provide least-cost routing totheir merchant customers. ... We expect that some of the smaller acquirers may be able to move morequickly.
https://www.rba.gov.au/speeches/2017/pdf/sp-so-2017-12-13.pdf

Access Regime for the EFTPOS System - April 2006

26 Apr 2006 Media Release PDF 42KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/eftpos-access-regime.pdf

The Evolution of Payment Costs in Australia

11 Apr 2019 RDP PDF 1298KB
Similarly, some merchants were unable to distinguish between the costs of different types of card payments in the information provided to them by their acquirers.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf

The designated EFTPOS system

26 Apr 2006 Media Release PDF 658KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-02-eftpos-interchange.pdf

Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …

26 Apr 2006 Media Release PDF 40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf

Gazette Notice (VISA) - 23 February 2004

23 Feb 2004 Media Release PDF 27KB
i) an issuer only; or. (ii) an acquirer only; or. (iii) both an issuer and an acquirer. ... can reasonably establish in accordance with the rules of the Scheme that, as a self acquirer, it has the capacity to meet the obligations of an acquirer.
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-02-gazette-notice-visa.pdf