Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Joint Media Release: Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access
10 Oct 2000
Media Release
Joint Media Release Debit and Credit Card Schemes in Australia A Study of Interchange Fees and Access. ... aspect of the Australian payments system – the networks for ATMs, credit cards and debit cards.
https://www.rba.gov.au/media-releases/2000/jmr-rba-accc.html
Interchange Fees for the Bankcard, Mastercard and Visa Credit Card Schemes
31 Oct 2003
Media Releases
Credit card reform has resulted in interchange fees charged by Bankcard, MasterCard and Visa card schemes to be reduced to around a little over half of their previous level. The Reserve Bank is confident that competition will ensure that the new,
https://www.rba.gov.au/media-releases/2003/mr-03-14.html
Reform of Credit Card Schemes in Australia
19 Sep 2002
Media Releases
Visa International has today announced that it is mounting a legal challenge in the Federal Court to have the final reforms to credit card schemes in Australia overturned
https://www.rba.gov.au/media-releases/2002/mr-02-18.html
Explanatory Notes on Access Regimes for the Designated Credit Card Schemes
20 Feb 2004
Media Release
PDF
75KB
Explanatory Note on Access Regime for the Designated Credit Card Schemes. ... effect on any participant in the designated credit card systems. The change.
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-02-expl-note.pdf
Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …
26 Apr 2006
Media Release
PDF
40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Payment Systems (Regulation) Act 1998, The designated credit card systems (Bankcard, MasterCard and VISA)
24 Nov 2005
Media Release
PDF
199KB
Reform of Credit Card Schemes in Australia: Credit Card Interchange Fees
https://www.rba.gov.au/media-releases/2005/pdf/mr-05-13-gazette-notice-ccc-std.pdf
Credit Card Benchmark Calculation
16 Dec 2011
Media Release
PDF
28KB
Interchange Fees for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-08-benchmark-calc-credit-card.pdf
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html