Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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Attachment | A Variation to the Access Regime for the ATM System: Conclusions – August 2012
9 Mar 2023
an ‘ATM’ means an automatic teller machine in Australia;. an ‘ATM Acquirer’ has the same meaning as in the ATM Access Code;. ... ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;.
https://www.rba.gov.au/payments-and-infrastructure/atms/var-access-regime/attachment.html
Draft Access Regime | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
The provisions achieve this by requiring that, for any issuer, the interchange fee paid to a new acquirer be no less than the lowest interchange fee currently paid by that issuer ... Similarly, for any acquirer, the interchange fee received from a new
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/draft-access-regime.html
Implementation and Review | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
The Access Regime now also uses APCA's term of ‘self-acquirer', rather than ‘merchant principal'. ... The definitions of acquirer and issuer have been amended to clarify that these are participants in Australia.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/review.html
Proposed Changes to the EFTPOS Interchange Standard | A Revised Interchange Standard for the EFTPOS System – November 2009
9 Mar 2023
It achieved this by defining interchange fees that flow from acquirers to issuers as positive numbers and those that flow from issuers to acquirers as negative numbers. ... The draft Standard therefore allowed interchange fees to flow to the acquirer
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/proposed-changes.html
Attachment A | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
an ‘acquirer’ is a participant in the EFTPOS system that provides services to a merchant to allow that merchant to accept a debit card;. ... merchant principal, with whom it has an Access Agreement, an interchange fee greater than the highest
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-a.html
Background | Variation to the MasterCard and Visa Access Regimes: Details-stage Regulation Impact Statement – March 2014
9 Mar 2023
Furthermore, while there were desirable attributes of acquirers (e.g. processing capacity and the ability to bear chargeback costs), these did not require the acquirer to be an ADI. ... to be transmitted between issuers and acquirers; and licence card
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/201403-impact-stmt/background.html
Executive Summary | I A Consultation Document
9 Mar 2023
large credit card acquirers, merchants have not had a strong and independent voice in interchange fee setting. ... Issuers need to assess the creditworthiness of cardholders and settle transactions with acquirers.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/exec-summary.html
Descriptions for Reasons for the Decision to Designate the EFTPOS Payment System Images
9 Mar 2023
Interchange fees are paid by the acquirer to the issuer. A negative interchange fee, as is the case in Australia, means that an interchange fee is paid by the issuer to ... the acquirer.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-decision-img-desc.html
Evaluation | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
Implementation of this Standard would impose some costs on both issuers and acquirers. ... Most of these compliance costs would fall on acquirers, none of which are currently small businesses.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/evaluation.html
Attachment | Access Regime for the ATM System: A Consultation Document – December 2008
9 Mar 2023
an ‘ATM’ means an automatic teller machine in Australia;. an ‘ATM Acquirer’ has the same meaning as in the ATM Access Code;. ... ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;.
https://www.rba.gov.au/payments-and-infrastructure/atms/access-regime/consultation/attachment.html