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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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The Australian Financial System

10 Mar 2009 FSR – March 2009
Recent takeovers have seen the ratings of both St George and BankWest raised to match their acquirers, Westpac and Commonwealth Bank.
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.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

Attachment | A Variation to the Access Regime for the ATM System: Consultation Document – May 2012 | Consultations

29 May 2012 Consultations
ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;. ... 13. 14. Each ATM Acquirer in the ATM system that receives an interchange fee within the terms of sub-paragraph.
https://www.rba.gov.au/publications/consultations/201205-acc-reg-atm-sys-cons-doc/attachment.html

Access Framework | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
In other words, new acquirers might receive substantially more favourable treatment than the incumbents under these arrangements. ... least favourable bilateral interchange fee agreement that acquirer has established with an existing issuer.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/access-framework.html

Reforms to the Payment Systems (Regulation) Act 1998

1 Dec 2023 Submissions PDF 446KB
Submission to Consultation on Exposure Draft Legislation
https://www.rba.gov.au/publications/submissions/payments-system/pdf/reforms-to-the-payment-systems-regulation-nov-2023.pdf

Background | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations

10 Dec 2011 Consultations
Nonetheless, paragraph 9 of each of the Standards expressly provides that agreements between merchants and acquirers to limit the size of any surcharge to the fees incurred by the merchant would ... and equally open to acquirers to attempt to bargain
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/background.html

Attachment 1 | A Variation to the Surcharging Standards: A Consultation Document | Consultations

10 Dec 2011 Consultations
charged as a blended rate across all credit card types or on an interchange plus acquirer margin basis or any other basis;. ... 10. 11. Each acquirer must notify, in writing, each merchant to whom the acquirer provides services of the provisions of this
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/attachment-1.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

Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees - 21 March 2003

7 May 2008 Submissions PDF 26KB
Reform of Debit Card (EFTPOS) Interchange Fees
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/pdf/eftpos-interchange-fees.pdf

Attachment 2 | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
issuer. EFTPOS Issuer. and an. acquirer. EFTPOS Acquirer. or. self-acquirer. Self Acquirer. , ... must. not exceed. be paid to the acquirer and be no more than.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/attachment-2.html