Search: interchange fee
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RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
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Bank Fees in Australia
20 Jun 2019
Bulletin
– June 2019
The Reserve Bank has conducted a survey on bank fees each year since 1997.
https://www.rba.gov.au/publications/bulletin/2019/jun/bank-fees-in-australia.html
Banking Fees in Australia
10 May 2009
Bulletin
– May 2009
interchange fee reforms (Graph 3). ... In 2008, exception fees totalled $1.2 billion, around 10 per cent of banks' total fee income (Table 5).
https://www.rba.gov.au/publications/bulletin/2009/may/2.html
Banking Fees in Australia
10 May 2008
Bulletin
– May 2008
The total value of merchant service fees fell significantly after the RBA's credit card interchange fee reforms were introduced in late 2003 and, despite the substantial increases in transaction values ... Following reform of the EFTPOS system in
https://www.rba.gov.au/publications/bulletin/2008/may/3.html
Banking Fees in Australia
10 May 2006
Bulletin
– May 2006
Part of this outcome reflected the full-year effect of the decline in merchant service fee income following the reforms to credit card interchange fees that took effect in October 2003. ... One of the outcomes of these reforms was a reduction in the
https://www.rba.gov.au/publications/bulletin/2006/may/2.html
Merchant Service Fees for Credit Cards
14 Jul 2004
Bulletin
PDF
53KB
12. 40 per cent in the average merchantservice fee. The most recent decline in fees took placeafter the lower interchange fees becameeffective at end October 2003. ... Overall, the 35 basis point reduction inmerchant service fees since the reforms
https://www.rba.gov.au/publications/bulletin/2004/jul/pdf/bu-0704-2.pdf
Bank Fees in Australia During the COVID-19 Pandemic
17 Jun 2021
Bulletin
– June 2021
The Reserve Bank's annual survey of bank fees shows that their fee income from both households and businesses in Australia declined notably over 2020 due to the disruption to economic activity caused by the COVID-19 pandemic.
https://www.rba.gov.au/publications/bulletin/2021/jun/bank-fees-in-australia-during-the-covid-19-pandemic.html
Banking Fees in Australia
10 May 2007
Bulletin
– May 2007
fees. Graph 2. Banks' fee income from businesses rose by 3 per cent to $5.7 billion in 2006 (Table 2). ... reflecting a fall in interchange fees and strong competition among banks for merchant business.
https://www.rba.gov.au/publications/bulletin/2007/may/2.html
Payments System Review Conference
10 Apr 2008
Bulletin
– April 2008
More recently, the literature has begun to consider multiple competing payment systems, each with its own interchange fee. ... Finally, another perspective was that the regulation of interchange fees has not met its objectives and should be unwound.
https://www.rba.gov.au/publications/bulletin/2008/apr/2.html
Banking Fees in Australia
24 Jun 2013
Bulletin
– June 2013
The Reserve Bank has conducted a survey on bank fees each year since 1997. The results of the most recent survey suggest that banks' fee income from households continued to decline in 2012, but fee income from businesses increased substantially.
https://www.rba.gov.au/publications/bulletin/2013/jun/5.html
RBA The Introduction of Direct Charging for ATMs
10 Apr 2009
Bulletin
– April 2009
As part of the package of reforms, the interchange fee paid by the cardholder's financial institution has been eliminated and, in line with this, foreign fees have also fallen. ... In order to allow small financial institutions with very few ATMs to
https://www.rba.gov.au/publications/bulletin/2009/apr/1.html