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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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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
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
Submissions
8 May 2024
Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/
Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions
8 May 2024
Submissions
The nature of platform businesses is that they are able to set the rules of participation in their platform or network. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html
Other | Submissions
8 May 2024
Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/other/
The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper
8 May 2024
Submissions
They may need to pay two sets of membership fees, adhere to two different sets of rules and membership requirements, connect to different networks and accommodate differing messaging requirements.
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
8 May 2024
Submissions
APCA administers the rules under which clearing of EFTPOS transactions occurs – known as the rules for the Consumer Electronic Clearing System (CECS). ... It is undertaking work aimed at including provisions dealing with access in these rules.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2020 | Responses and…
8 May 2024
Submissions
FINMA is considering the application and has indicated that Diem will be subject to the principle of ‘same risks, same rules’ – that is, if Diem poses bank-like risks it will
https://www.rba.gov.au/publications/submissions/payments-system/supplementary-submission-technology-12-2020/index.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
Individual payment schemes (such as the card schemes) also have their own rules and standards that members of those schemes must follow. ... accordance with the rules governing the operation of the system.’ Subsequent case law has provided some
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper
8 May 2024
Submissions
ACDES provides rules for the exchange and distribution of wholesale cash between ACDES participants (ANZ, CBA, Westpac and NAB – the Applicants are not ACDES participants).
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-april-2023/index.html