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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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The Options | A Revised Interchange Standard for the EFTPOS System – November 2009

9 Mar 2023
Any bilateral interchange fees would also be required to be below this cap. ... Under the preferred option, existing bilateral cash-out interchange fees would remain unregulated.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/options.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

Introduction | Common Benchmark for the Setting of Credit Card Interchange Fees

9 Mar 2023
Common Benchmark for the Setting of Credit Card Interchange Fees – November 2005 1. ... The revisions are principally technical in nature. They do not affect the average level of interchange fees across the three schemes.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/intro.html

Waiver of Requirement to Recalculate Interchange Fee Benchmark

9 Mar 2023
Waiver of Requirement to Recalculate Interchange Fee Benchmark March 2015. The Reserve Bank waives the requirement to recalculate the cost-based measure and the common cost-based benchmark for the
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/waiver-of-requirement-to-recalculate-interchange-fee-benchmark.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

Reform of Australia's Payments System: The 2007/08 Review

27 Jun 2007 Speech
Philip Lowe
Speech by Philip Lowe to the 4th International Consumer Credit Card Summit 2007, Sydney
https://www.rba.gov.au/speeches/2007/sp-ag-270607.html

The Evolution and Regulation of the Payments System

14 Mar 2006 Speech
Philip Lowe
Speech by Philip Lowe to the Payments System Conference 2006, Melbourne Business School, Melbourne
https://www.rba.gov.au/speeches/2006/sp-ag-140306.html

The Card Payments Review

12 May 2016 Speech
Malcolm Edey
Speech delivered by Malcolm Edey, Assistant Governor (Financial System), at the Cards & Payments Australia conference, Melbourne
https://www.rba.gov.au/speeches/2016/sp-ag-2016-05-12.html

A Draft Revised Standard [Version B] | Proposed Changes to the Credit Card Interchange Standard: A Consultation Document

9 Mar 2023
This Standard will replace Standard No. 1, The Setting of Wholesale ('Interchange') Fees which applies to each of the Schemes individually. ... warrant. For purposes of paragraph 10, the average of interchange fees in each Scheme is a weighted average
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-jul05/b.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