Search: acquirer
RBA Glossary definition for acquirer
acquirer – An institution that provides a merchant with facilities to accept card payments
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Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
Interchange fees are a type of transfer payment that enables credit card issuers to recover some of their costs from acquirers and, in turn, from merchants. ... In Australia, interchange fees for proprietary debit card (EFTPOS) payments are negotiated
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
The system is built around a series of bilateral business contracts and technical links between issuers and acquirers. ... what this might be, remains a matter for negotiation between issuers and acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Developments in the Retail Payments System
2 Oct 2009
PSB Annual Report
– 2009
Under the regulations, the weighted average of these fees (which are paid by the transaction acquirer to the card issuer) must be at or below specified benchmarks on certain compliance dates. ... These fees (which are bilaterally negotiated and are paid
https://www.rba.gov.au/publications/annual-reports/psb/2009/dev-payments.html
Payments System Board Annual Report 2010 - Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
2010
PDF
225KB
https://www.rba.gov.au/publications/annual-reports/psb/2010/pdf/comp-coop.pdf
Governor's Foreword
2 Oct 2013
PSB Annual Report
– 2013
The new standards became effective in March 2013, supported by a guidance note to assist schemes, acquirers and merchants in determining the reasonable cost of acceptance.
https://www.rba.gov.au/publications/annual-reports/psb/2013/gov-foreword.html
Payments System Board Annual Report 2000 - Competition and Efficiency
9 Apr 2013
PSB Annual Report
2000
PDF
260KB
https://www.rba.gov.au/publications/annual-reports/psb/2000/pdf/competition.pdf
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
The rollout of new technology by card acquirers has enabled the widespread acceptance of contactless ‘tap and go’ card payments, which now account for around 80 per cent of consumer card
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
In the EFTPOS system, interchange fees flow from the issuer to the acquirer – the opposite direction to scheme products. ... One factor affecting the acquiring market is the ability of large merchants to effectively bypass acquirers.
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html
Developments in the Payments System
13 Sep 2007
PSB Annual Report
– 2007
While all acquirers and merchants will need to offer the option of PINs for credit cards, cardholders will, if they wish, still be able to sign in the usual way. ... Under both schemes' incentive arrangements, if a chip card is used in a non-chip terminal
https://www.rba.gov.au/publications/annual-reports/psb/2007/dev-payments.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
in some cases, reduce the revenue flow that they receive from their acquirer every time an EFTPOS card is used in their business. ... Existing members need to be confident, for example, that a new card issuer will be able to pay acquirers whenever the
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html