Search: financial institution
RBA Glossary definition for financial institution
financial institution – A company whose primary function is to intermediate between lenders and borrowers in the economy.
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Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
APRA, as the prudential regulator, licenses and supervises a range of financial institutions, many of which provide payment services. ... The NPP was built over a period of about five years and funded by a consortium of 13 financial institutions,
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions
8 May 2024
Submissions
Currently, there are two payment methods supported by financial institutions for third-party payment initiation from individuals’ transaction accounts. ... Direct debit allows payments to be initiated by a merchant's financial institution, with the
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html
Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions
8 May 2024
Submissions
Nevertheless, the joint implementation of mandatory 3D Secure will still result in large aggregate adjustment costs for cardholders, merchants and financial institutions. ... Australian financial institutions will have a greater ability to stop some of
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html
Applications for Authorisation in Relation to PIN@POS – July 2016 | Payments System | Submissions
8 May 2024
Submissions
On balance, the Reserve Bank of Australia supports the granting of interim authorisation to enable MasterCard, Visa and certain financial institutions to commence a joint communications strategy to encourage cardholders to ... are likely to have an
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-07/index.html
Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper
8 May 2024
Submissions
As noted above, the ATM Access Regime places certain restrictions on the ability of financial institutions (card issuers) to pay interchange fees to access other participants' ATM fleets. ... risks arising from outsourcing material business activities
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html
Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions
8 May 2024
Submissions
approach has the potential to reduce the costs incurred by consumers, merchants and financial institutions in adjusting to the new scheme requirements. ... The implementation of mandatory PIN@POS arrangements will impose costs on consumers, merchants and
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html
Statement on Monetary Policy - May 2024
8 May 2024
SMP
- May 2024
PDF
3509KB
https://www.rba.gov.au/publications/smp/2024/may/pdf/statement-on-monetary-policy-2024-05.pdf
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
Some merchants are also charged a fee by their financial institution to rent a terminal to accept cards. ... In contrast, interchange fees are paid between financial institutions and are present in many, but not all, card systems.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market
8 May 2024
Submissions
Issuers compete strongly for cardholders in many respects. There is a wide range of cards, issued by a broad range of financial institutions. ... Individual financial institutions would be able to provide more detailed information on the actual average
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Introduction
8 May 2024
Submissions
Spreads on advertised credit card interest rates over funding costs increased during the global financial crisis and have remained at that level or drifted modestly higher since then. ... at independently owned ATMs increasing by more than those at ATMs
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/introduction.html