Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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Attachment B | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
In this Standard:. an ‘acquirer’ is a participant in the EFTPOS system that provides services to a merchant to allow that merchant to accept a debit card;. ... Data on eligible costs must be drawn from accounting records of the nominated EFTPOS
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-b.html
Consultation on Proposed Changes to the EFTPOS Interchange Fee Standard
9 Mar 2023
to between 5 cents paid to the issuer and 5 cents paid to the acquirer. ... issuer); and lowered the EFTPOS interchange fee for purchase transactions from around 20 cents per transaction to between 4 and 5 cents (paid to the acquirer).
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-proposal-sep09.html
Interchange Fees | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
s cost and the acquirer will not be willing to participate in the network. ... If the acquirer were receiving less revenue from interchange payments than its competitors, it would be unlikely to be able to offer merchants as competitive pricing as other
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/interchg-fees.html
A Draft Revised Standard [Version B] | Proposed Changes to the Credit Card Interchange Standard: A Consultation Document
9 Mar 2023
In this Standard:. an 'acquirer' is a participant in any of the Schemes that provides services to a merchant to allow that merchant to accept a credit card;. ... This Standard refers to wholesale fees, known as 'interchange' fees, which are payable by an
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-jul05/b.html
A Draft Revised Standard [Version A] | Proposed Changes to the Credit Card Interchange Standard: A Consultation Document
9 Mar 2023
In this Standard:. an 'acquirer' is a participant in any of the Schemes that provides services to a merchant to allow that merchant to accept a credit card;. ... This Standard refers to wholesale fees, known as 'interchange' fees, which are payable by an
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-jul05/a.html
Draft Access Regime | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
The provisions achieve this by requiring that, for any issuer, the interchange fee paid to a new acquirer be no less than the lowest interchange fee currently paid by that issuer ... Similarly, for any acquirer, the interchange fee received from a new
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/draft-access-regime.html
Attachment | A Variation to the Access Regime for the ATM System: Conclusions – August 2012
9 Mar 2023
an ‘ATM’ means an automatic teller machine in Australia;. an ‘ATM Acquirer’ has the same meaning as in the ATM Access Code;. ... ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;.
https://www.rba.gov.au/payments-and-infrastructure/atms/var-access-regime/attachment.html
Industry Overview | Reform of Credit Card Schemes in Australia: II Commissioned Report
9 Mar 2023
The activities of so-called acquirers can be subdivided into merchant acquisition and merchant processing. ... American Express serves as the sole merchant acquirer and processor for its network in Australia.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ii-commissioned-report/industry-overview.html
Proposed Changes to the EFTPOS Interchange Standard | A Revised Interchange Standard for the EFTPOS System – November 2009
9 Mar 2023
It achieved this by defining interchange fees that flow from acquirers to issuers as positive numbers and those that flow from issuers to acquirers as negative numbers. ... The draft Standard therefore allowed interchange fees to flow to the acquirer
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/proposed-changes.html
Descriptions for Reasons for the Decision to Designate the EFTPOS Payment System Images
9 Mar 2023
Interchange fees are paid by the acquirer to the issuer. A negative interchange fee, as is the case in Australia, means that an interchange fee is paid by the issuer to ... the acquirer.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-decision-img-desc.html