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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Australian Consumers' Association Response to the Reserve Bank of Australia's Draft Standards and Access Regime for Credit Card Schemes
19 Mar 2002
PDF
338KB
3. 2 “On the cards”, CHOICE, December 2001, p. 16. 3 CVC Global Consulting Australian Credit Card Report, November 2000, p. ... ACA Response to the Reserve Bank of Australia/4. Credit Card Spending Patterns The RBA has estimated spending on bank
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-responses/aca-150302.pdf
Supplementary Submission: Implications of the Ansett Collapse for Credit Card Reform
3 Dec 2001
PDF
50KB
The benefit of credit cards in comparison to other forms of payment 1. ... This case illustrates, again, that credit cards offer a higher quality payment service than other forms of payment, and comparisons of the resource costs of providing credit card
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/g6-aba-supplement.pdf
Standard No. 2 Merchant Pricing for Credit Card Purchases
21 Nov 2012
PDF
96KB
Visa Credit Compilation
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/standards/pdf/visa-credit-compilation.pdf
Gazette Notice (VISA) - 23 February 2004
23 Feb 2004
Media Release
PDF
27KB
RESERVE BANK OF AUSTRALIA. Payment Systems (Regulation) Act 1998. The designated VISA credit card system. ... iii) the public interest; and. (iv) the financial stability of the designated credit card system.
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-02-gazette-notice-visa.pdf
Box B: Online Spending by Households
3 Feb 2011
SMP
– February 2011
PDF
120KB
https://www.rba.gov.au/publications/smp/2011/feb/pdf/box-b.pdf
Submission to the Reserve Bank of Australia to Assist in its Consideration of Designation of Credit Cards Schemes as a Payment System
3 Dec 2001
PDF
83KB
ensure that open credit card associations in Australia are not disadvantaged in competition with closed credit card schemes or foreign issued Australian dollar credit cards;. • ... 2. If credit cards are to be designated, should the RBA restrict its
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/g1-aba-submission.pdf
Letter to the Governor of Reserve Bank of Australia, Designation of the Australian Credit Card System
3 Dec 2001
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30KB
Firstly, the expression “the Australian credit card system” appears to lack clarity in relation to the requirements of the PSRA. ... The definition of “the Australian credit card system” encounters a further difficulty in relation to the PSRA.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/m2-cba-060401.pdf
Australian Association of Permanent Building Societies (AAPBS) response to questions on the credit card system
3 Dec 2001
PDF
43KB
Given the saturation of credit cards in the Australian market, any requirement to be a card issuer in order to be an acquirer poses a severe impediment. ... At the individual bank level? The larger societies offer several cards to their customers
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/a1-aapbs-questions.pdf
Credit Card Interchange Fees
13 Apr 2005
PDF
805KB
Submissions on Credit Card Interchange Standards
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/submissions-cc-interchg-stds/mastercard-12042005.pdf
Credit Card Networks in Australia:An Appropriate Regulatory Framework
3 Dec 2001
PDF
419KB
A. Background and General Principles. ‘Designation’ of open credit card schemes in Australia. ... 11. advantageous to migrate to closed schemes and issuers and acquirers of open cards willno longer be in the credit card business.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/g2-aba-cc.pdf