Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
Search Results
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
The merchants pay merchant service fees to their acquirers at least equal to the interchange fee. ... in 1997, the ACCC asked APCA to require its members to implement ‘efficient pricing principles’ in setting interchange fees for EFTPOS and ATM
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
ATM Fees, Pricing and Consumer Behaviour: An Analysis of ATM Network Reform in Australia
28 Jan 2015
RDP
PDF
739KB
foreign and direct fees will shift by an amount equal to the interchange fee when the interchange fee is banned. ... That is, foreign and direct fees adjusted by twice as much as the change in the interchange fee.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-03.pdf
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
In the event a scheme has exceeded the benchmark, it must reset its interchange fee schedule, such that had those fees applied over the preceding four quarters, the benchmark would not ... In Europe, the European Commission recently assessed the
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Retail Payments Regulation and Policy Issues
14 Sep 2017
PSB Annual Report
– 2017
MasterCard and Visa published new interchange fee schedules effective July 2017, when the new standards came into force. ... to protect consumers against fraud; and it bans card surcharging on transactions where IFR interchange fee caps apply.
https://www.rba.gov.au/publications/annual-reports/psb/2017/retail-payments-regulation-and-policy-issues.html
The Evolution of Payment Costs in Australia
11 Apr 2019
RDP
PDF
1298KB
In addition, merchant service fees are higher for small businesses. The rest of this paper proceeds as follows. ... fees paid to them, paying careful attention to avoid double counting between resource costs and transfers.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf
Payments System Board Annual Report 2003 - References
22 Sep 2005
PSB Annual Report
2003
PDF
24KB
https://www.rba.gov.au/publications/annual-reports/psb/2003/pdf/references.pdf
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
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
See 11 more results from "RDP 2014-14"
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
See 6 more results from "RDP 2014-05"
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
See 3 more results from "RDP 2017-04"