Search: SCCI
RBA Glossary definition for SCCI
SCCI – Specialist Credit Card Institution
Search Results
Options | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
maintain the status quo. remove the APRA SCCI regime while retaining some controls via the Access Regimes. ... However, Visa indicated that this may not have been the case since its own scheme rules may have precluded an SCCI from acquiring debit card
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/options.html
Impact Analysis | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
APRA will also be affected by the cost of applying the SCCI regime in each option. ... pay the one-off costs associated with the SCCI assessment and authorisation process.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/impact-analysis.html
Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations
6 Dec 2013
Consultations
This option would retain the current MasterCard and Visa Access Regimes and continue to rely on ADI/SCCI status to determine eligibility to participate in the schemes. ... This option would only be effective if Banking Regulation 4 (which defines credit
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.html
Consultation | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
A majority of submissions supported the removal of the APRA SCCI regime while retaining some controls via the Access Regimes. ... Light-touch’ oversight – a number of submissions supported a lighter-touch SCCI framework operated by APRA or another
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/consultation.html
The Problem | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
This both discourages entry and imposes unnecessarily high costs on those that seek SCCI status. ... of parties have, in the past, considered gaining SCCI status but decided against it.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/problem.html
Background | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
Since the introduction of these arrangements, only two entities have gained SCCI status; a third entity has recently indicated that it has received in-principle approval to become an SCCI. ... joining the system and that an SCCI intending to acquire both
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/background.html
Historical Series Breaks
9 Mar 2023
Statistics
This page details breaks in data series due to the establishment of new banks and other changes in reporting arrangements
https://www.rba.gov.au/statistics/tables/hist-series-breaks.html
Payment System Reform
20 Jul 2005
Media Releases
The Reserve Bank has released for public comment a draft revised standard for the setting of credit card interchange fees, which would mean the establishment of a common benchmark rather than scheme-specific benchmarks for the Bankcard, MasterCard
https://www.rba.gov.au/media-releases/2005/mr-05-08.html
Background | An Access Regime for the Visa Debit System: A Consultation Document
9 Mar 2023
This access regime followed the creation in 2003 by the Australian Prudential Regulation Authority (APRA) of a special type of ADI known as a Specialist Credit Card Institution (SCCI). ... If an SCCI is not able to acquire both Visa credit and debit card
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-jul05/background.html