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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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
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
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
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
As required, the new interchange fee arrangements became effective on 31 October 2003, with the new fees varying slightly across the schemes reflecting differences in costs. ... Most merchants visited received substantial unilateral fee reductions,
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
In cases where there has been regulatory pressure, interchange fees have tended to decline. ... Data from financial institutions suggest that since September 2006 the average merchant service fee has increased by around 10 cents per transaction, compared
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
Retail Payments Trends
24 Oct 2016
PSB Annual Report
– 2016
Table 4 shows the interchange fees applying in the credit card and debit card systems as at end June. ... All interchange fee benchmarks and rates quoted in this section are exclusive of GST.
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
This compares with 1.40 per cent immediately prior to the standard on interchange fees becoming effective. ... 3). In particular, the interchange fees in the MasterCard system are currently two basis points higher than those in the Visa system.
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.html
Other Retail Payments Developments
2 Oct 2013
PSB Annual Report
– 2013
This reflects in particular the move from bilaterally negotiated interchange fees to a multilateral interchange fee schedule set by ePAL for the system. ... Consequently, since then, acquirers have passed on part of the increase in their interchange fee
https://www.rba.gov.au/publications/annual-reports/psb/2013/other-ret-pay-dev.html