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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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A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
Graph 1. The standard for credit card interchange fees, introduced in 2003, sets a cap on the average interchange fee in the MasterCard and Visa credit card systems. ... Until 2003, these fees had been hidden. While merchants paid interchange fees as
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Merchant Service Fees for Credit Cards
10 Jul 2004
Bulletin
– July 2004
Table 1: Interchange Fees. Per cent of transaction value. Pre-reform. Post-reform. ... Many large merchants were previously paying merchant fees close to the average interchange fee, while small merchants generally paid much higher rates.
https://www.rba.gov.au/publications/bulletin/2004/jul/2.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Specifically, the Reserve Bank imposed interchange fee Standards (which came into effect in 2003) that placed a cap on weighted-average interchange fees for the MasterCard and Visa credit card schemes. ... In line with this, there has been an increase in
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Merchant Service Fees and Market Shares for Credit and Charge Cards
10 Aug 2005
Bulletin
– August 2005
a cardholder used a Bankcard, MasterCard or Visa card – the so-called ‘interchange fee’. ... The average merchant service fee has now fallen by more than the 0.4 percentage point decline in the average interchange fee.
https://www.rba.gov.au/publications/bulletin/2005/aug/2.html
Banking Fees in Australia
10 May 2005
Bulletin
– May 2005
In the case of credit cards, banks charge these fees partly to cover the ‘interchange’ fee that they pay to a cardholder's bank whenever a credit card purchase is made. ... On 31 October 2003, the Reserve Bank introduced reforms to credit card
https://www.rba.gov.au/publications/bulletin/2005/may/2.html
Banking Fees in Australia
15 Jun 2017
Bulletin
– June 2017
The Reserve Bank has conducted an annual survey on bank fees since 1997. The most recent survey suggests that banks' aggregate fee income increased at a relatively slow pace in 2016. Deposit and loan fee income continued to decline relative to the
https://www.rba.gov.au/publications/bulletin/2017/jun/4.html
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 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 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 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