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

10 Dec 2011 Consultations
Some also argued that disclosure of individual merchant service fees would make acquirers reluctant to negotiate fees with merchants. ... The Bank will engage with acquirers to determine the most appropriate approach to doing so.
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/consultation.html

Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

13 Jun 2023 Submissions
First, they argue that competition in the issuer/acquirer market will be reduced because an administratively set interchange fee will eliminate the possibility of bilateral bargaining between issuers and acquirers to ... flow from acquirer to issuer, is
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

19 May 2023 Submissions
Card acquirers and merchants would incur costs in updating terminal software, and in some cases hardware. ... As noted above, PIN@POS implementation involves material costs on the part of issuers, acquirers, merchants and cardholders.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html

Attachment 3 | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
EFTPOS Acquirer and/or exchanging payment instructions and related messages on behalf of other EFTPOS Issuers or EFTPOS Acquirers, to facilitate the Clearing and Settlement of EFTPOS Transactions;. ... EFTPOS Issuer. issuer. and an. EFTPOS Acquirer.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/attachment-3.html

Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions

19 May 2023 Submissions
A coordinated approach will make the adjustment process less burdensome for merchants, acquirers and gateways compared with a situation where they adopt/promote 3D Secure independently.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html

Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions

21 Mar 2003 Submissions
the need to negotiate bilateral agreements with established participants can put both new issuers and acquirers at a competitive disadvantage. ... schemes, which are expected to reduce credit card interchange fee amounts paid by acquirers by around $350
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/

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

Background | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
The floor is specified to be 80 per cent (currently $0.04) of the cap paid to the acquirer. ... Hence, they specifically require that existing participants offer prospective acquirers an interchange fee no less than the lowest fee paid to an existing
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/background.html

Access Framework | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
In other words, new acquirers might receive substantially more favourable treatment than the incumbents under these arrangements. ... least favourable bilateral interchange fee agreement that acquirer has established with an existing issuer.
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/access-framework.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
New technology (terminals and chip-based cards) rolled out by card issuers and acquirers to enable contactless tap-and-go card payments.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html