Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
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How Australians Pay: Evidence from the 2016 Consumer Payments Survey
24 Jul 2017
RDP
PDF
1438KB
Reserve Bank’s reforms to interchange fees since the early 2000s, which have reduced incentives. ... a reduction in interchange fees for small/contactless card payments by one of the international.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf
Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform
12 Jun 2012
Consultations
PDF
518KB
Consultation on the Future Regulatory Framework for the EFTPOS System
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/pdf/201206-rev-reg-frmwrk-eftpos-sys-doc.pdf
Payments System Review Conference
10 Apr 2008
Bulletin
– April 2008
More recently, the literature has begun to consider multiple competing payment systems, each with its own interchange fee. ... Finally, another perspective was that the regulation of interchange fees has not met its objectives and should be unwound.
https://www.rba.gov.au/publications/bulletin/2008/apr/2.html
Bank Fees in Australia During the COVID-19 Pandemic
17 Jun 2021
Bulletin
– June 2021
The Reserve Bank's annual survey of bank fees shows that their fee income from both households and businesses in Australia declined notably over 2020 due to the disruption to economic activity caused by the COVID-19 pandemic.
https://www.rba.gov.au/publications/bulletin/2021/jun/bank-fees-in-australia-during-the-covid-19-pandemic.html
RBA The Introduction of Direct Charging for ATMs
10 Apr 2009
Bulletin
– April 2009
As part of the package of reforms, the interchange fee paid by the cardholder's financial institution has been eliminated and, in line with this, foreign fees have also fallen. ... In order to allow small financial institutions with very few ATMs to
https://www.rba.gov.au/publications/bulletin/2009/apr/1.html
Appendix A: Additional Detailed Results
31 Dec 2014
RDP
2014-14
Interchange fees (issuers to acquirers). 0.49. 0.04. Memo item: average withdrawal value. ... na. 0.01. Issuers – interchange fees (to acquirers). 0.16. 0.22. Acquirers – fee rebates (to merchants).
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html
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Banking Fees in Australia
10 May 2004
Bulletin
– May 2004
Fee income from account-servicing charges grew more strongly than transaction fees in 2003. ... Note that the reduction in interchange fees due to credit card reforms introduced by the Reserve Bank did not take effect until 31 October 2003.
https://www.rba.gov.au/publications/bulletin/2004/may/3.html
Cash
8 Aug 2017
RDP
2017-04
Similarly, a reduction in interchange fees for small/contactless card payments by one of the international card schemes in late 2012 may have contributed to a greater willingness by some businesses ... ATM withdrawals that incurred a fee was 28 per cent
https://www.rba.gov.au/publications/rdp/2017/2017-04/cash.html
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Banking Fees in Australia
10 Jun 2012
Bulletin
– June 2012
The Reserve Bank's annual bank fee survey provides information on the fees that commercial banks earn from their Australian operations. ... an increase in fee income from businesses, particularly fees on loans and bank bill facilities; and.
https://www.rba.gov.au/publications/bulletin/2012/jun/5.html
Evidence on Policy Reforms
31 Dec 2014
RDP
2014-05
Interchange fees are typically a major determinant of the per-transaction merchant service fees charged by financial institutions. ... Published interchange fees in 2013 ranged from 0.20 or 0.23 per cent for strategic merchants, up to 2.0 per cent.
https://www.rba.gov.au/publications/rdp/2014/2014-05/evi-pol-ref.html
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