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RBA Glossary definition for SCCI

SCCI – Specialist Credit Card Institution

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Glossary

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

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

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

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

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

Assessment | Payment Card Access Regimes: Conclusions – March 2014

9 Mar 2023
Potential members and existing SCCIs will also benefit from removing regulatory costs arising from the SCCI regime that are higher than warranted for credit card business. ... schemes will no longer have the option of gaining eligibility through SCCI
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/assessment.html

Background | Payment Card Access Regimes: Conclusions – March 2014

9 Mar 2023
A second paper in December 2013 expressed a preliminary view in favour of an option that would remove the existing specialist credit card institution (SCCI) framework, administered by the Australian Prudential ... In addition, the SCCI regime places
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/background.html