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RBA Glossary definition for acquirer

acquirer – An institution that provides a merchant with facilities to accept card payments

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Attachment 2 – Draft Variation to the Access Regimes | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document…

6 Dec 2013 Consultations
an ‘acquirer’ is a participant in the Scheme in Australia that provides services to a merchant to allow the merchant to accept a debit card;. ... an acquirer is a ‘self acquirer’ if it acquires transactions for which it or a related body
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/attachment-2.html

Background | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

7 Jun 2011 Consultations
A merchant service fee is a per-transaction or ad valorem fee paid by a merchant to the acquirer when a cardholder undertakes a transaction.
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/background.html

Policy Options and Discussion | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

7 Jun 2011 Consultations
One way to limit the scope of the costs that can be included is to only allow costs charged by the acquirer. ... However, there are legitimate costs for processing card transactions that are not necessarily charged by the acquirer.
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/policy-options-discussion.html

Transitional Arrangements | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 |…

8 Jun 2012 Consultations
This is most applicable for some specialist business models, particularly sole acquirers that used to receive interchange fees under bilateral arrangements.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/transitional-arrangements.html

Reasons for a Review of Regulation | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 |…

6 Dec 2013 Consultations
merchant (for acquirers), and some merchants may have exposures with respect to funds passed through by their own acquirer. ... A much larger concern arises if the issuer itself is unable to settle with the acquirers.
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/reasons-for-review-regulation.html

Background and Potential Issues | Review of Card System Access Regimes: A Consultation Document May 2013 | Consultations

28 May 2013 Consultations
goods already paid for by cardholders), none of these attributes required the acquirer to be an ADI. ... While merchants would have to hold their deposits with an ADI, this need not be their acquirer.
https://www.rba.gov.au/publications/consultations/201305-review-card-sys-access-regimes/background-potential-issues.html

Mobile Wallet Technology | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016

10 Dec 2016 Consultations
This token passes with the authorisation request through the acquirer and the scheme to the TSP, which converts the token back to the PAN for the card issuer to authorise the
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/mobile-wallet-technology.html

Summary of Issues for Consultation | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

7 Jun 2011 Consultations
Are there alternative ways to allow for differential surcharging? Should the no-surcharge Standards require acquirers to pass on information about the merchant's cost of acceptance for each different card ... And, for those on ‘interchange-plus’
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/summary-issues-consultation.html

Draft Variation to the Standards | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations

10 Dec 2011 Consultations
or acquirers from doing so. ... its acquirer to limit the size of any surcharge to the fees incurred by the merchant will be redundant.
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/draft-variation-to-the-standards.html

Concerns about Surcharging Practices | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

7 Jun 2011 Consultations
The intent was that the Standards would introduce normal market disciplines into negotiations between merchants and acquirers over merchant service fees and, to the extent that merchants surcharge, improve price signals ... Most merchants tend to pay one
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/concerns-surcharging-practices.html