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RBA Glossary definition for basis point

basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.

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REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER

12 Feb 2020 DOCX 55KB
In addition to our points above, we note that utilising PIS provides cheaper access to electronic payments than traditional methods such as card payments for firms.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX

29 January 2020 Head of Payments Policy Department Reserve ...

11 Feb 2020 DOCX 92KB
R&CA would like to make the following points of relevance to the issues paper:.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/restaurant-and-catering-industry-association.DOCX

19 February 2020 Tony Richards Head of Payments Policy ...

19 Feb 2020 DOCX 95KB
to set timetables or timeframes, rather than on an ad hoc or reactive basis. ... As interchange falls, at the same time as the average transaction value declines, our clients’ costs exceed revenue on a per transaction basis.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX

Summary

11 Feb 2020 DOCX 175KB
The Issues Paper, recent RBA speeches and the November 2019 Australian Payments Network Consultation Paper (AusPayNet paper) point to:[footnoteRef:3] [3: Australian Payments Network, A Future State For Australia’s ... As the Issues Paper points out,
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX

A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
For example, the ability to use a charge-back facility, interest rates, number of interest free days, rewards points, free insurance, cash-backs, discounts, etc.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC