Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access - October 2000
14 Aug 2008
PDF
407KB
Interchange Fees and Access
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/payments-au/interchg-fees-study.pdf
Attachment 1 | A Variation to the Surcharging Standards: A Consultation Document | Consultations
10 Dec 2011
Consultations
i. a merchant from recovering part or all of the reasonable cost of acceptance of credit cards issued under the Scheme by the merchant charging fees or surcharges to credit card ... ii. a merchant, in recovering part or all of the reasonable cost of
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/attachment-1.html
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
the international card schemes (MasterCard and Visa) have regulations that prevent merchants recovering from cardholders the cost of accepting credit cards; and. ... Recent data show that, from a merchant's perspective, credit card transactions cost
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Under this standard, the designated credit card schemes of Visa and MasterCard are not permitted to prohibit merchants from passing on the cost of accepting credit cards to customers that use ... One motivation for these arrangements from the banks'
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
2 Oct 2018
RDP
PDF
1746KB
credit card (if they held multiple cards, this was the one they used most often). ... 13 For instance, respondents were asked to select their credit cards from a list and, if they could not find their card on.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-11.pdf
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market
9 Mar 2023
Submissions
Interchange revenues from transactions on MasterCard and Visa credit cards (and issuer fees from American Express ‘companion’ card transactions): based on incomplete data, the Bank estimates these at around $1–1 ... While almost all Australian
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Merchant Service Fees for Credit Cards
14 Jul 2004
Bulletin
PDF
53KB
Effective endOctober 2003, the Bankcard, MasterCard andVisa credit card schemes have been requiredto set this fee in conformity with a benchmarkbased on the costs incurred by banks issuingcredit cards. ... Sources: RBA and schemes’ websites. Merchant
https://www.rba.gov.au/publications/bulletin/2004/jul/pdf/bu-0704-2.pdf
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Access Regime and Standards | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
Neither the rules of the Scheme, nor any participant in the Visa Debit system, or the Visa credit card system, may require a merchant to accept Visa Debit cards as a ... Likewise, neither the rules of the Scheme, nor any participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/access-regime.html