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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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
8 May 2024
Submissions
competition. Effects on issuers and cardholders of a zero interchange fee. Since, under the proposal for authorisation, no interchange fees will be paid by card issuers to EFTPOS transaction acquirers, the ... Australia, with an interchange fee that
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
Graph 1. The standard for credit card interchange fees, introduced in 2003, sets a cap on the average interchange fee in the MasterCard and Visa credit card systems. ... Until 2003, these fees had been hidden. While merchants paid interchange fees as
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Merchant Service Fees for Credit Cards
10 Jul 2004
Bulletin
– July 2004
Table 1: Interchange Fees. Per cent of transaction value. Pre-reform. Post-reform. ... Many large merchants were previously paying merchant fees close to the average interchange fee, while small merchants generally paid much higher rates.
https://www.rba.gov.au/publications/bulletin/2004/jul/2.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Specifically, the Reserve Bank imposed interchange fee Standards (which came into effect in 2003) that placed a cap on weighted-average interchange fees for the MasterCard and Visa credit card schemes. ... In line with this, there has been an increase in
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
Debit card acquirers can be expected to seek to recoup the loss of interchange fee revenue directly from merchants through increases in merchant service fees on EFTPOS transactions. ... The proposal does not provide any methodology for determining a
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The interchange fee for Bankcard is 1.2 per cent for all transactions. ... Merchants cannot pass on the mechant service fee, and thus the interchange fee, to credit card users but instead pass these fees on to all customers – not just those using
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
While in the first instance, the interchange fees are paid by the merchant's bank, they are passed onto the merchant through the fee that is charged for providing credit card ... The Bank has also proposed reducing interchange fees in the Visa Debit
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
As required, the new interchange fee arrangements became effective on 31 October 2003, with the new fees varying slightly across the schemes reflecting differences in costs. ... Most merchants visited received substantial unilateral fee reductions,
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Other Retail Payments Developments
2 Oct 2013
PSB Annual Report
– 2013
This reflects in particular the move from bilaterally negotiated interchange fees to a multilateral interchange fee schedule set by ePAL for the system. ... Consequently, since then, acquirers have passed on part of the increase in their interchange fee
https://www.rba.gov.au/publications/annual-reports/psb/2013/other-ret-pay-dev.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
In cases where there has been regulatory pressure, interchange fees have tended to decline. ... Data from financial institutions suggest that since September 2006 the average merchant service fee has increased by around 10 cents per transaction, compared
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html