Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
13 Jun 2023
Submissions
competition. Effects on issuers and cardholders of a zero interchange fee. Since, under the proposal for authorisation, no interchange fees will be paid by card issuers to EFTPOS transaction acquirers, the ... Australia, with an interchange fee that
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
Interchange Fees Standard | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 |…
8 Jun 2012
Consultations
leaving the current form of regulation unchanged. imposing a bilateral interchange fee benchmark that is closer to the benchmark for multilateral interchange fees. ... benchmark. For this reason, regulation of bilateral interchange fees under this
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/interchange-fees-std.html
Merchant Service Fees for Credit Cards
10 Jul 2004
Bulletin
– July 2004
Table 1: Interchange Fees. Per cent of transaction value. Pre-reform. Post-reform. ... Many large merchants were previously paying merchant fees close to the average interchange fee, while small merchants generally paid much higher rates.
https://www.rba.gov.au/publications/bulletin/2004/jul/2.html
Attachment 2 | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
The bilateral interchange fee benchmark may be re-calculated in accordance with the standard The Setting of Interchange Fees in the Visa Debit Payment System. ... The multilateral interchange fee benchmark may be re-calculated in accordance with the
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/attachment-2.html
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
Graph 1. The standard for credit card interchange fees, introduced in 2003, sets a cap on the average interchange fee in the MasterCard and Visa credit card systems. ... Until 2003, these fees had been hidden. While merchants paid interchange fees as
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Specifically, the Reserve Bank imposed interchange fee Standards (which came into effect in 2003) that placed a cap on weighted-average interchange fees for the MasterCard and Visa credit card schemes. ... In line with this, there has been an increase in
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
Debit card acquirers can be expected to seek to recoup the loss of interchange fee revenue directly from merchants through increases in merchant service fees on EFTPOS transactions. ... The proposal does not provide any methodology for determining a
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Review of the Regulatory Framework: Access and Interchange Fees | Review of the Regulatory Framework for the eftpos System: Consultation on …
9 Mar 2012
Consultations
These provisions are aimed at preventing participants from using negotiations over interchange fees to frustrate access to the system. ... Whether provisions in the Bank's interchange fees Standard that govern bilateral interchange fee agreements remain
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/access-interchange-fees.html
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The interchange fee for Bankcard is 1.2 per cent for all transactions. ... Merchants cannot pass on the mechant service fee, and thus the interchange fee, to credit card users but instead pass these fees on to all customers – not just those using
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Introduction
20 Sep 2005
PSB Annual Report
– 2005
While in the first instance, the interchange fees are paid by the merchant's bank, they are passed onto the merchant through the fee that is charged for providing credit card ... The Bank has also proposed reducing interchange fees in the Visa Debit
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html