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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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Reform of Credit Card Schemes in Australia
19 Sep 2002
Media Releases
Visa International has today announced that it is mounting a legal challenge in the Federal Court to have the final reforms to credit card schemes in Australia overturned
https://www.rba.gov.au/media-releases/2002/mr-02-18.html
Interchange Fees for the Bankcard, Mastercard and Visa Credit Card Schemes
31 Oct 2003
Media Releases
Credit card reform has resulted in interchange fees charged by Bankcard, MasterCard and Visa card schemes to be reduced to around a little over half of their previous level. The Reserve Bank is confident that competition will ensure that the new,
https://www.rba.gov.au/media-releases/2003/mr-03-14.html
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
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
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html
Payments System Reform
24 Feb 2005
Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html
Payments System Issues
11 Dec 2006
Media Releases
This general approach arose out of the original consultations that the Bank conducted on the credit card standards. ... As part of its ongoing monitoring, the Bank recently sought additional data from MasterCard and Visa on interchange revenue and
https://www.rba.gov.au/media-releases/2006/mr-06-13.html
Payments System Board – Novemember 2005
25 Nov 2005
Media Releases
Following a meeting of the Payment System Board on 22 November 2005, the Bank is gazetting a revised Standard to apply to the setting of interchange fees in the designated Bankcard, MasterCard and Visa credit card schemes in Australia. The new
https://www.rba.gov.au/media-releases/2005/mr-05-13.html
Payment Systems (Regulation) Act 1998 The Designated MasterCard Credit Card System
23 Feb 2004
Media Releases
Payment Systems (Regulation) Act 1998 The Designated MasterCard Credit Card System
https://www.rba.gov.au/media-releases/2004/mr-04-02-gazette-notice-mastercard.html
Payments System Board Consultation on Card Surcharging
8 Jun 2011
Media Releases
At its meeting on 20 May, the Payments System Board decided to hold a public consultation on potential modifications to the ‘no-surcharge’ Standards that apply to the credit card and scheme debit card systems in Australia
https://www.rba.gov.au/media-releases/2011/mr-11-10.html