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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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Payment Systems (Regulation) Act 1998 The Designated VISA Credit Card System
23 Feb 2004
Media Releases
Payment Systems (Regulation) Act 1998 The Designated VISA Credit Card System
https://www.rba.gov.au/media-releases/2004/mr-04-02-gazette-notice-visa.html
Designation of Visa Debit Card Scheme in Australia
23 Feb 2004
Media Releases
Announcement that the RBA has designated the debit and credit card scheme operated in Australia by Visa International as a payment system under the Payment Systems (Regulation Act 1998)
https://www.rba.gov.au/media-releases/2004/mr-04-01.html
Payment System Reform
20 Jul 2005
Media Releases
The Reserve Bank has released for public comment a draft revised standard for the setting of credit card interchange fees, which would mean the establishment of a common benchmark rather than scheme-specific benchmarks for the Bankcard, MasterCard
https://www.rba.gov.au/media-releases/2005/mr-05-08.html
Review of Card Payments Regulation: Conclusions
26 May 2016
Media Releases
The Reserve Bank has released the Conclusions to its Review of Card Payments Regulation and Final Standards relating to Surcharging and to Interchange Fees in designated card schemes.
https://www.rba.gov.au/media-releases/2016/mr-16-15.html
Expectations for Tokenisation of Payment Cards and Storage of PANs
21 Dec 2023
Media Releases
The Bank has released a final set of expectations for the Tokenisation of Payment Cards and Storage of PANs, aimed at improving security, efficiency and competition for online card payments.
https://www.rba.gov.au/media-releases/2023/mr-23-37.html
Payments System Reforms
27 Apr 2006
Media Releases
The Reserve Bank released a package of reforms to the EFTPOS and scheme debits systems. It also revoked the designation of the Bankcard system, which is in the process of winding up, and determined that the Payment Systems (Regulation) Act 1998 does
https://www.rba.gov.au/media-releases/2006/mr-06-02.html
Payments System Reform
10 Dec 2008
Media Releases
Media release announcing the designation of the ATM system, the release of a consultation document setting out a draft Access Regime of that system and the variation of the Interchange Fee Standards for credit and debit cards
https://www.rba.gov.au/media-releases/2008/mr-08-28.html
Reform of Card Payment Systems in Australia
9 Sep 2004
Media Releases
Announces that the RBA has designated the EFTPOS debit card payment system in Australia as a payment system under the Payment Systems (Regulation) Act 1998. Designation is the first step in the possible establishment of standards and/or an access
https://www.rba.gov.au/media-releases/2004/mr-04-08.html
Reform of Card Payment Systems
11 Jun 2004
Media Releases
To promote efficiency and competition in the Australian Payments System, the RBA announces that it is considering whether it would be in the public interest to designate the EFTPOS and ATM payment systems in Australia. The RBA is seeking submissions
https://www.rba.gov.au/media-releases/2004/mr-04-06.html
Consultation on Changes to the Bank's Standards for Card Payment Systems
3 Dec 2015
Media Releases
Consultation on Changes to the Bank's Standards for Card Payment Systems
https://www.rba.gov.au/media-releases/2015/mr-15-24.html