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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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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
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Theoretical Models of ATM Fees and Empirical Findings
31 Dec 2012
RDP
2012-03
Croft and Spencer (2004) incorporate interchange fees as well as endogenously determined foreign fees. ... Donze and Dubec (2008) use a model where only interchange fees are charged to make predictions regarding the adjustment of the ATM market in the
https://www.rba.gov.au/publications/rdp/2012/2012-03/theoretical-models-findings.html
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Price Incentives and Consumer Payment Behaviour
17 Aug 2009
RDP
PDF
262KB
Similar interchange fees also applied for the Visa Debit system (the only scheme debit system then in. ... which the reforms have lowered interchange fees in the respective systems, as well as narrowed the difference in fees between the systems.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-04.pdf
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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Competition Between Payment Systems
17 Apr 2009
RDP
2009-02
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2009/2009-02.html
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Competition Between Payment Systems
15 Apr 2009
RDP
PDF
243KB
JEL Classification Numbers: D40, E42, L14Keywords: payments policy, two-sided markets, interchange fees. ... Despite the absence of distinct issuers and acquirers (and consequent lack ofexplicit interchange fees), the model could arguably still be used
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-02.pdf
Statistical Method for Estimating Willingness to Pay
19 Apr 2024
RDP
2024-02
and. β. 3. measure respondents' average sensitivity to the difference in the accounts' fees, provider, and privacy settings. ... 5. α. 2. /. α. 1. (where the 5 comes from the difference in account fees).
https://www.rba.gov.au/publications/rdp/2024/2024-02/statistical-method-for-estimating-willingness-to-pay.html
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Valuing Safety and Privacy in Retail Central Bank Digital Currency
4 Apr 2024
RDP
PDF
1594KB
choice experiment technique. An associated challenge is that any differences in fees seen by. ... willingness to pay to switch product characteristics. It is therefore common to calibrate fees with.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-02.pdf
Appendix A: Survey Methodology
27 Nov 2023
RDP
2023-08
Along with their payments, respondents were asked to include details of cash top-ups, including the value of any ATM fee paid. ... Date. Day-of-week. Cash top-up amount. ATM fee paid (dollar amount). Total value of banknotes in wallet after top-up.
https://www.rba.gov.au/publications/rdp/2023/2023-08/appendix-a.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
ownership and use among consumers, as well as reductions in merchant acceptance fees over time. ... 5.4 Surcharging of card transactions. To recover the cost of accepting card payments, a merchant may apply an additional fee, or.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf