Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
Search Results
Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
An expectation that acquirers and payment facilitators providing card acceptance services to merchants offer and promote LCR functionality to merchants in the device-present (in-person) environment. ... Similarly, in the device-not-present (online)
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
About the Payments System Board
28 Sep 2022
PSB Annual Report
– September 2022
including financial institutions, card schemes, retail acquirers, the Australian Payments Network and the Bank (in its role as provider of banking services to the government).
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
remitters, card acquirers and third-party payment providers.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
About the Payments System Board
21 Oct 2021
PSB Annual Report
– 2021
arise. The shift to digital payments means merchants are becoming more reliant on acquirers and other payment service providers for their payment needs. ... Its members are senior executives from a range of payments organisations including financial
https://www.rba.gov.au/publications/annual-reports/psb/2021/about-the-payments-system-board.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
Interchange fees are wholesale fees set by card schemes that are paid by the merchant's bank (acquirer) to the cardholder's bank (issuer) on each card transaction. ... The Bank's monitoring indicates that there has been a high level of compliance with
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Annual Performance Statement
21 Oct 2021
RBA Annual Report
– 2021
Reserve Bank of Australia Annual Report – 2021 Annual Performance Statement. I, as the accountable authority of the Reserve Bank of Australia, present the annual performance statement of the Reserve Bank for the 2020/21 reporting period, prepared
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html
Governor's Foreword
15 Oct 2020
PSB Annual Report
– 2020
It has actively encouraged acquirers to provide merchants with functionality for least-cost routing (LCR) of contactless debit card transactions as a way to increase competition and hold down payment costs.
https://www.rba.gov.au/publications/annual-reports/psb/2020/governors-foreword.html
Accountability and Communication
15 Oct 2020
PSB Annual Report
– 2020
authorising payments, and clearing and settling payment obligations with acquirers arising from the use of those cards). ... Card acquirers provide merchants with facilities to accept card payments and also undertake similar activities (e.g.
https://www.rba.gov.au/publications/annual-reports/psb/2020/accountability-and-communication.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
the issuer) for each transaction, as well as the scheme fees that acquirers pay to the card schemes. ... For example, smaller merchants are likely to have lower negotiating power with their acquirers, may face relatively high costs of switching to
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html