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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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Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
The introduction of a sub-benchmark for interchange on single-network debit cards (SNDCs), such that the weighted-average interchange fee on SNDCs from a given scheme, must be no more ... Other new policy measures included:. a reduction in the cap on
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
Even so, the schemes made a number of voluntary changes to their credit interchange fee schedules during the year, primarily to raise fees on some premium card categories. ... This requirement is intended to limit the possibility of schemes using
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Annual Performance Statement
21 Oct 2021
RBA Annual Report
– 2021
Reserve Bank of Australia Annual Report – 2021 Annual Performance Statement. I, as the accountable authority of the Reserve Bank of Australia, present the annual performance statement of the Reserve Bank for the 2020/21 reporting period, prepared
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
In the event a scheme has exceeded the benchmark, it must reset its interchange fee schedule, such that had those fees applied over the preceding four quarters, the benchmark would not ... In Europe, the European Commission recently assessed the
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
In general, credit cards have higher interchange fees than debit cards, and interchange fees for eftpos transactions are lower on average than those for Visa and Mastercard debit. ... For example, the merchant fee data for Visa and Mastercard debit cards,
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
The Bank's standards for card payment interchange fees and surcharging have been helping to contain payment costs for merchants. ... Average merchant fees for debit and credit card payments have declined further over the past year.
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
Based on current information, these may include the level of the interchange fee benchmarks and caps, the transparency of scheme and processing fees, competition in the debit card market, the competitive ... In 2018/19, Mastercard and Visa were required
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Abbreviations
17 Oct 2019
PSB Annual Report
– 2019
IFR. Interchange fee regulation. ISO. International Organization for Standardization. IOSCO. International Organisation of Securities Commissions.
https://www.rba.gov.au/publications/annual-reports/psb/2019/abbreviations.html