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RBA Glossary definition for SCCI

SCCI – Specialist Credit Card Institution

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Options | Payment Card Access Regimes: Conclusions – March 2014

9 Mar 2023
the status quo (Option 1). removal of the SCCI framework in conjunction with the imposition of some constraints on the schemes via the Access Regimes (Option 2).
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/options.html

Implementation and Conclusion | Payment Card Access Regimes: Conclusions – March 2014

9 Mar 2023
Second, as noted in the previous section, the Bank intends to liaise with APCA to seek to ensure that removal of the SCCI framework does not have adverse consequences for participation
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/implementation-conclusion.html

Consultation and Changes to the Draft Access Regimes | Payment Card Access Regimes: Conclusions – March 2014

9 Mar 2023
Visa continued to be in favour of revoking the Access Regimes while retaining ‘some form of regulatory benchmark of approval’ that would encompass a wider set of entities than the SCCI
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/conclusions/consultation-changes-draft-access-regimes.html

Developments in the Market for Payment Cards | Issues for the 2007/08 Review – May 2007

9 Mar 2023
GE Money received authorisation from APRA in 2004 as a Specialist Credit Card Institution (SCCI), allowing it to undertake credit card issuing and acquiring. ... MoneySwitch received an SCCI authorisation from APRA in 2005, permitting it to acquire
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-issues/mkt-developments.html

Abbreviations

12 Sep 2014 PSB Annual Report – 2014
SCCI. Specialist Credit Card Institution. SEPA. Single Euro Payments Area. SSF.
https://www.rba.gov.au/publications/annual-reports/psb/2014/abbreviations.html

Retail Payments Policy and Research

12 Sep 2014 PSB Annual Report – 2014
This will also require the removal of the current SCCI framework, administered by APRA.
https://www.rba.gov.au/publications/annual-reports/psb/2014/ret-pay-policy-research.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
The specialist credit card institution (SCCI) framework introduced in 2003 and 2004 was an attempt to achieve a more competition-friendly approach to participation in the MasterCard and Visa credit card
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Payment Card Access Regimes

7 Mar 2014 Media Releases
Payment Card Access Regimes
https://www.rba.gov.au/media-releases/2014/mr-14-04.html

Abbreviations | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
SCCI. Specialist Credit Card Institution. SG. Superannuation Guarantee. SIFI. Systemically important financial institution.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/abbreviations.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