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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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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
Payments System Board Annual Report 2004 - Competition and Efficiency
22 Sep 2005
PSB Annual Report
2004
PDF
67KB
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/competition.pdf
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
EFTPOS and Visa Debit
2 May 2005
PDF
110KB
Submissions on EFTPOS and Visa Debit Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-draft/cuscal-29042005.pdf
Supplementary Submission to RBA Designation of Visa Debit
3 Mar 2005
PDF
67KB
and. “The HAC rule prevents discrimination by acquirers between issuers and card products within a card scheme.” 9. ... Similarly, abolition of the HAC rule would enable Woolworths to turn off Visa debit” 12.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/responses-debit-scheme/merch-paymts-forum-110604.pdf
Payments System Board Annual Report 2004
15 Nov 2004
Annual Report
PDF
465KB
It also viewed the ‘no surcharge’ rule as detrimental to the effi cient and competitive functioning of the credit card payment system. ... A large group of merchants, led by Wal-Mart, sued MasterCard and Visa over their activities related to their
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/2004-psb-ann-report.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
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
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
MasterCard International Submission to the Reserve Bank of Australia on Designation of Visa Debit
14 May 2004
PDF
469KB
the applicability of the Honour All Cards (HAC) rule to Visa Debit cards; and 3. ... This universal acceptance is ensured because of the existence of the "honour all cards" rule.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/responses-debit-scheme/mastercard-070504.pdf