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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Reform of the Payments System
2 Mar 2005
Speech
Speech by Philip Lowe to Visa International Australia and New Zealand Member Forum, Werribbee
https://www.rba.gov.au/speeches/2005/sp-ag-020305.html
Submissions on Draft Common Credit Card Interchange Standard
9 Mar 2023
Listing of submissions received from interested parties on the setting of interchange fees that would determine a common benchmark for interchange fees in the Bankcard, MasterCard and Visa credit card schemes
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/submissions-draft/
The 'Honour All Cards' Rule | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
Visa Debit, however, has a competitive advantage over EFTPOS because merchants are forced to accept the card when they make the decision to accept Visa credit cards and must pay a ... Neither the rules of the Scheme nor a participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/honour-all-cards.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
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The study analysed interchange fee arrangements for ATM, credit cards and debit card payment networks separately. ... As far as the credit card network is concerned, the. Trade Practices Act 1974.
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Consultations | Credit Cards
9 Mar 2023
See also: Submissions]. Proposed Changes to the Credit Card Interchange Standard – Common Benchmark. ... Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access 554.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consultations.html
Card Payments
27 Nov 2023
RDP
2023-08
The increase in card usage over the last decade has reflected greater use of both debit and credit cards. ... 2019. 2022. All card payments. 4.7. 7.3. Credit cards. 5.5. 7.3.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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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
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
Visa credit card schemes in Australia as payment systems subject to its regulation under the. ... APRA has also issued prudential guidance on risk management of credit card activities.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html