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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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
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
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
Background | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
Following this, the Bank varied its interchange fees Standard in 2009 to accommodate the possibility of EPAL setting a multilateral interchange fee for the EFTPOS system. ... The multilateral interchange fee schedule introduced by EPAL reverses the
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/background.html
Attachment | A Variation to the Access Regime for the ATM System: Consultation Document – May 2012 | Consultations
29 May 2012
Consultations
ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;. ... 13. 14. Each ATM Acquirer in the ATM system that receives an interchange fee within the terms of sub-paragraph.
https://www.rba.gov.au/publications/consultations/201205-acc-reg-atm-sys-cons-doc/attachment.html
Developments in Retail Payment Systems
25 Oct 2010
PSB Annual Report
– 2010
Interchange fees in the EFTPOS system are also regulated by the Reserve Bank. ... more than the regulated decline in interchange fees in the MasterCard and Visa systems.
https://www.rba.gov.au/publications/annual-reports/psb/2010/dev-payments.html
Retail Payments Developments
9 Oct 2015
PSB Annual Report
– 2015
Both schemes also amended their prepaid card interchange fee schedules at that time. ... Footnotes. All interchange fee benchmarks and rates quoted in this section are exclusive of GST.
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html
Access Framework | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
system. With the establishment of EPAL's multilateral interchange fee schedule, fees for most transactions flow in the reverse direction – from the acquirer to the issuer. ... The current interchange fees Standard considers a fee paid to the acquirer
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/access-framework.html