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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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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

8 May 2024 Submissions
First, they argue that competition in the issuer/acquirer market will be reduced because an administratively set interchange fee will eliminate the possibility of bilateral bargaining between issuers and acquirers to ... flow from acquirer to issuer, is
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

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

10 Dec 2011 Consultations
Some also argued that disclosure of individual merchant service fees would make acquirers reluctant to negotiate fees with merchants. ... The Bank will engage with acquirers to determine the most appropriate approach to doing so.
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/consultation.html

List of tables

20 Sep 2018 PSB Annual Report – 2018
15.0 cents or 0.200%. (a) Fees are paid by the acquirer to the issuer, except for transactions involving a cash-out component. ... 8.0. Ceiling. –. 15.0 cents or 0.200%. (a) Fees are paid by the acquirer to the issuer, except for transactions involving
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html

List of tables

14 Sep 2017 PSB Annual Report – 2017
15.0 or 0.2%. (a) Fees are paid by the acquirer to the issuer, except for transactions involving a cash-out component. ... Ceiling. –. 0.80. –. 0.80. (a) Fees are paid by the acquirer to the issuer.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html

Appendix A: Additional Detailed Results

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Interchange fees (issuers to acquirers). 0.49. 0.04. Memo item: average withdrawal value. ... Card acquirer. 0.11. 0.10. Merchants. na. 0.30. Of which: tender time.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html
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List of tables

12 Sep 2014 PSB Annual Report – 2014
a) Fees are paid by the acquirer to the issuer, except for transactions involving a cash-out component. ... appointed by the Reserve Bank from ‘retail acquirers’ group. First Data.
https://www.rba.gov.au/publications/annual-reports/psb/2014/tables.html

Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

8 May 2024 Submissions
Card acquirers and merchants would incur costs in updating terminal software, and in some cases hardware. ... As noted above, PIN@POS implementation involves material costs on the part of issuers, acquirers, merchants and cardholders.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html

List of tables

24 Oct 2016 PSB Annual Report – 2016
12.0. 12.0. 12.0. (a) Fees are paid by the acquirer to the issuer, except for transactions involving a cash-out component.
https://www.rba.gov.au/publications/annual-reports/psb/2016/tables.html

Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions

8 May 2024 Submissions
A coordinated approach will make the adjustment process less burdensome for merchants, acquirers and gateways compared with a situation where they adopt/promote 3D Secure independently.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html

The Personal Credit Card Market in Australia: Pricing over the Past Decade

10 Mar 2012 Bulletin – March 2012
Iris Chan, Sophia Chong and Stephen Mitchell
sole acquirer for transactions on its cards, and typically also the sole issuer. ... and Visa cards, and have been able to use the threat of surcharging in their negotiations with acquirers.
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html