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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Implementation Effects
24 May 2022
RDP
2022-02
Notes: Heteroskedasticity and autocorrelation corrected (HAC) standard errors in parentheses; , and denote statistical significance at the 10, 5 and 1 per cent levels, respectively. ... It was also consistent with the Reserve Bank retaining operational
https://www.rba.gov.au/publications/rdp/2022/2022-02/implementation-effects.html
Payments System Board Annual Report 2004 -Glossary
22 Sep 2005
PSB Annual Report
2004
PDF
40KB
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/glossary.pdf
Visa’s Response to the RBA on Debit Issues
21 Apr 2004
PDF
376KB
18 It is worth noting that the risks associated with removing the HAC rule are substantially greater here than in the US. ... Given the HAC rule, merchants’ demand for Visa debit and credit cards has the same demand elasticity.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/responses-debit-scheme/visa-appendix-a.pdf
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Removal of the so-called ‘no surcharge’ rule has led some merchants to introduce charges for the use of credit cards. ... A large group of merchants, led by Wal-Mart, sued MasterCard and Visa over their activities related to their debit cards and, in
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Annexure 1: Reform of the EFTPOS and Visa Debit Systems in Australia: Economic Analysis
2 May 2005
PDF
246KB
Submissions on EFTPOS and Visa Debit Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-draft/visa-29042005-3.pdf
Visa Debit Submission to RBA
21 Apr 2004
PDF
238KB
Honour All Cards We do not support removal of the Honour All Cards (HAC) rule. ... The HAC rule ensures customers can choose the payment card that suits their needs.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/responses-debit-scheme/credit-union-serv-corp.pdf
EFTPOS and Visa Debit
18 Oct 2004
PDF
84KB
The HAC rule facilitates access to card issuing, promotes product development and innovation, and guarantees customer choice. ... merchants would stop accepting Visa Debit if the RBA abolished the HAC rule.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-debit-fees/cuscal-15102004.pdf
Glossary
11 Nov 2004
PSB Annual Report
– 2004
DvP. Delivery-versus-Payment. EFTPOS. Electronic Funds Transfer at Point of Sale. HAC Rule. ... Honour All Cards Rule. Interchange fee. a fee paid between card issuers and acquirers when cardholders make transactions.
https://www.rba.gov.au/publications/annual-reports/psb/2004/glossary.html
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
Notes: Heteroskedasticity and autocorrelation corrected (HAC) standard errors in parentheses; , and denote statistical significance at the 10, 5 and 1 per cent levels, respectively. ... It was also consistent with the Reserve Bank retaining operational
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html