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RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
This high rate of acceptance is likely to partly reflect reductions in merchant acceptance fees over time, which in turn has been associated with Reserve Bank interchange and surcharging regulation (Occhiutto ... To recover their costs, a merchant may
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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The Australian Payments Landscape
1 Jul 2009
RDP
2009-04
Similar interchange fees also applied for the Visa Debit system (the only scheme debit system then in operation). ... These included setting interchange fee benchmarks for the credit card, debit card and EFTPOS systems, and removing scheme rules that
https://www.rba.gov.au/publications/rdp/2009/2009-04/australian-payments-landscape.html
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Review of the Regulatory Framework for the eftpos System: Consultation on Designation - March 2012
8 Mar 2012
Consultations
PDF
1032KB
This schedule, which came into effect in October 2011, reverses the flow of interchange fees in many cases; for most eftpos transactions, a multilateral interchange fee of 5 cents is paid ... Whether provisions in the Bank’s interchange fees Standard
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/pdf/201203-replacing-eftpos-designation.pdf
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
The result of this approach is that the scope of the Bank's regulation has been relatively narrow, largely covering interchange fees and scheme rule restrictions relating to merchants in card ... The report also recommended that NPPA provide greater
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
References
11 Sep 2015
RDP
2015-05
Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access. ,
https://www.rba.gov.au/publications/rdp/2015/2015-05/references.html
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Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
Box B Interchange Fees. An interchange fee is a fee charged by the financial institution on one side of a payment transaction to the financial institution on the other side of ... The higher the interchange fee, therefore, the less the cardholder has to
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
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
9 Sep 2020
RDP
PDF
1619KB
This high rate of acceptance is likely to partly reflect reductions in merchant acceptance fees over. ... time, which in turn has been associated with Reserve Bank interchange and surcharging regulation.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-06.pdf
Review of the Regulatory Framework for the eftpos System: Consultation on Designation | Consultations
9 Mar 2012
Consultations
This consultation paper marks the first public element of the review of the regulatory framework for the eftpos system to ensure the regulations continue to meet their objectives. It seeks views on an appropriate definition for the eftpos system,
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/
Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
The paper discusses the new form of designation for the EFTPOS system. Based on the views expressed in consultation, the Payments System Board has concluded that the new form of designation should be narrow in scope, defining the EFTPOS system based
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/
Review of Card Payments Regulation - November 2019 | Consultations
10 Nov 2019
Consultations
Review of Card Payments Regulation
https://www.rba.gov.au/publications/consultations/201911-review-of-card-payments-regulation.html