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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Implementation Effects

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
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
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Anticipatory Monetary Policy and the ‘Price Puzzle’

1 May 2017 RDP 2017-02
James Bishop and Peter Tulip
In Approach 4, we restrict our sample to begin in 1996:Q1, a period for which the coefficients on the policy rule were arguably more stable. ... The resulting series should identify a narrower set of monetary shocks, namely innovations to the policy rule
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
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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

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