Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
Search Results
The Effect of Least-cost Routing on Merchant Payment Costs
18 Apr 2024
Bulletin
– April 2024
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html
Transcript of Question & Answer Session on 26 March 2024
26 Mar 2024
Speech
Transcript of Question & Answer Session, AFR Banking Summit, Sydney
https://www.rba.gov.au/speeches/2024/sp-so-2024-03-26-q-and-a-transcript.html
Changes to Statistical Tables
14 Mar 2024
Statistics
The table provides data on average fees paid by merchants to acquirers when accepting card payments from consumers. ... The series in this table are derived from newly collected data submitted to the Bank by a sample of card acquirers, with historical
https://www.rba.gov.au/statistics/tables/changes-to-tables.html
Update on availability and enablement of least-cost routing for merchants - Data as at December 2023 (published February 2024)
27 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/update-on-implementation.html
Update on availability and enablement of least-cost routing for merchants - Data as at June 2023 (published August 2023)
27 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/updates/lcr-update-on-implementation-0623.html
Update on availability and enablement of least-cost routing for merchants - Data as at December 2022 (first published March 2023)
26 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/updates/lcr-update-on-implementation-0322.html
Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html
Expectations for Tokenisation of Payment Cards and Storage of PANs
19 Dec 2023
All relevant industry participants – including schemes, gateways, and acquirers – should support portability for both scheme and proprietary tokens by the end of June 2025 to reduce the friction for merchants that
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/index.html
Feedback received on Conclusions Paper: The Australian Debit Card Market: Default Settings and Tokenisation
19 Dec 2023
issuers, acquirers and payments service providers).
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/feedback-conclusions-paper-the-aus-debit-card-market-default-settings-and-tokenisation.html