Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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The Cost of Card Payments for Merchants
15 Sep 2022
Bulletin
– September 2022
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.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
Payments System Board Annual Report 2003 - Glossary of Terms and Abbreviations
22 Sep 2005
PSB Annual Report
2003
PDF
26KB
https://www.rba.gov.au/publications/annual-reports/psb/2003/pdf/glossary.pdf
Funding the Australian Resources Investment Boom
20 Mar 2013
Bulletin
PDF
1504KB
Reserve Bank of Australia Bulletin March 2013
https://www.rba.gov.au/publications/bulletin/2013/mar/pdf/bu-0313-6.pdf
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
Interchange fees are a type of transfer payment that enables credit card issuers to recover some of their costs from acquirers and, in turn, from merchants. ... In Australia, interchange fees for proprietary debit card (EFTPOS) payments are negotiated
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Reform of Australia's Payments System: The 2007/08 Review
13 Jul 2007
Bulletin
PDF
108KB
Address by Philip Lowe, Assistant Governor (Financial System), to the 4th International Consumer Credit Card Summit, Sydney, 27 June 2007.
https://www.rba.gov.au/publications/bulletin/2007/jul/pdf/bu-0707-3.pdf
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
The system is built around a series of bilateral business contracts and technical links between issuers and acquirers. ... what this might be, remains a matter for negotiation between issuers and acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Payments System Board Annual Report 2010 - Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
2010
PDF
225KB
https://www.rba.gov.au/publications/annual-reports/psb/2010/pdf/comp-coop.pdf
Developments in the Retail Payments System
2 Oct 2009
PSB Annual Report
– 2009
Under the regulations, the weighted average of these fees (which are paid by the transaction acquirer to the card issuer) must be at or below specified benchmarks on certain compliance dates. ... These fees (which are bilaterally negotiated and are paid
https://www.rba.gov.au/publications/annual-reports/psb/2009/dev-payments.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
In credit card transactions, the interchange fee flows from acquirers to issuers. ... The merchants pay merchant service fees to their acquirers at least equal to the interchange fee.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html