Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
Search Results
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
At present, the EFTPOS system continues to operate with bilaterally negotiated interchange fees that have been constrained between 4 and 5 cents, paid to the acquirer. ... 4 to 5 cent range (paid to the acquirer) for bilateral interchange fees.
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
Developments in Retail Payments Systems
10 Sep 2012
PSB Annual Report
– 2012
per transaction for the debit card systems, paid from the acquirer (merchant's bank) to the issuer (cardholder's bank). ... The multilateral schedule reverses the direction of interchange fees for most transactions so that they now flow from the acquirer
https://www.rba.gov.au/publications/annual-reports/psb/2012/dev-ret-pay-sys.html
Governor's Foreword
17 Oct 2019
PSB Annual Report
– 2019
The Board is pleased to see that point-of-sale acquirers, including the major banks, have now begun to make this functionality available.
https://www.rba.gov.au/publications/annual-reports/psb/2019/governors-foreword.html
Other Retail Payments Developments
2 Oct 2013
PSB Annual Report
– 2013
the debit card systems, with these fees paid by the acquirer (merchant's bank) to the issuer (cardholder's bank). ... Consequently, since then, acquirers have passed on part of the increase in their interchange fee costs to merchants in the form of
https://www.rba.gov.au/publications/annual-reports/psb/2013/other-ret-pay-dev.html
Accountability and Communication
17 Oct 2019
PSB Annual Report
– 2019
This year, the Bank sought feedback from all licensed CS facilities, designated card schemes and a sample of card issuers and acquirers. ... Its members are senior executives from a range of payments organisations including financial institutions, card
https://www.rba.gov.au/publications/annual-reports/psb/2019/accountability-and-communication.html
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
To assist merchants' surcharging decisions, acquirers and payment facilitators were required from June 2017 to provide their merchants with easy-to-understand information on the cost of acceptance for each designated ... Some small acquirers are now
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.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
Accountability and Communication
20 Sep 2018
PSB Annual Report
– 2018
This year, the Bank sought feedback from all licensed CS facilities, designated card schemes and a sample of card acquirers. ... The latter group was included for the first time this year, reflecting the introduction of regulatory requirements for
https://www.rba.gov.au/publications/annual-reports/psb/2018/accountability-and-communication.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
By contrast, other acquirers have not given merchants this flexibility, reducing the potential cost advantages of routing. ... In addition, for some acquirers, LCR is not yet available on all the payment terminals they support.
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
acquirers and merchants that own their own terminals. ... In Australia, interchange fees for proprietary PIN-based debit card transactions (known as EFTPOS) are negotiated bilaterally and are paid by the card issuer to the card acquirer.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html