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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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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
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
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf
Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments
23 Apr 2024
Media Releases
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
https://www.rba.gov.au/media-releases/2024/mr-24-07.html
Interlinking Fast Payment Systems for Cross-border Payments
23 Apr 2024
PDF
2747KB
Interlinking arrangements involve standardised message and data requirements and a common set of rules to enable interoperability between multiple fast payment systems. ... Many of the key frictions arise from differences in technical standards,
https://www.rba.gov.au/payments-and-infrastructure/pdf/report-interlinking-fast-payment-systems-for-cross-border-payments-april-2024.pdf
Freedom of Information Disclosure Log
19 Apr 2024
Listing of documents which have been released by the Reserve Bank of Australia following a request under the Freedom of Information Act 1982
https://www.rba.gov.au/information/foi/disclosure-log/
RBAFOI-232441 - documents for release
18 Apr 2024
PDF
1458KB
three historical documents
https://www.rba.gov.au/information/foi/disclosure-log/pdf/232441.pdf
The Effect of Least-cost Routing on Merchant Payment Costs
18 Apr 2024
Bulletin
– April 2024
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html
Bulletin
17 Apr 2024
Bulletin
- April 2024
PDF
7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf
The Effect of Least-cost Routing on Merchant Payment Costs
17 Apr 2024
Bulletin
- April 2024
PDF
746KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/the-effect-of-least-cost-routing-on-merchant-payment-costs.pdf