Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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Developments in Retail Payment Systems
25 Oct 2010
PSB Annual Report
– 2010
Acquirers and self-acquirers with bilateral interchange agreements in the EFTPOS system are required to report information on the bilateral fees they receive each year. ... Because interchange fees on EFTPOS transactions are paid by the card issuer to
https://www.rba.gov.au/publications/annual-reports/psb/2010/dev-payments.html
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
The rollout of new technology by card acquirers has enabled the widespread acceptance of contactless ‘tap and go’ card payments, which now account for around 80 per cent of consumer card
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
Recent takeovers have seen the ratings of both St George and BankWest raised to match their acquirers, Westpac and Commonwealth Bank.
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
Developments in the Retail Payments System
2 Oct 2009
PSB Annual Report
– 2009
Under the regulations, the weighted average of these fees (which are paid by the transaction acquirer to the card issuer) must be at or below specified benchmarks on certain compliance dates. ... These fees (which are bilaterally negotiated and are paid
https://www.rba.gov.au/publications/annual-reports/psb/2009/dev-payments.html
Attachment | A Variation to the Access Regime for the ATM System: Consultation Document – May 2012 | Consultations
29 May 2012
Consultations
ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;. ... 13. 14. Each ATM Acquirer in the ATM system that receives an interchange fee within the terms of sub-paragraph.
https://www.rba.gov.au/publications/consultations/201205-acc-reg-atm-sys-cons-doc/attachment.html
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
The system is built around a series of bilateral business contracts and technical links between issuers and acquirers. ... what this might be, remains a matter for negotiation between issuers and acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
In credit card transactions, the interchange fee flows from acquirers to issuers. ... The merchants pay merchant service fees to their acquirers at least equal to the interchange fee.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
in some cases, reduce the revenue flow that they receive from their acquirer every time an EFTPOS card is used in their business. ... Existing members need to be confident, for example, that a new card issuer will be able to pay acquirers whenever the
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
In the EFTPOS system, interchange fees flow from the issuer to the acquirer – the opposite direction to scheme products. ... One factor affecting the acquiring market is the ability of large merchants to effectively bypass acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html
Background | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations
10 Dec 2011
Consultations
Nonetheless, paragraph 9 of each of the Standards expressly provides that agreements between merchants and acquirers to limit the size of any surcharge to the fees incurred by the merchant would ... and equally open to acquirers to attempt to bargain
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/background.html