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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Payments System Reforms
27 Apr 2006
Media Releases
The Reserve Bank released a package of reforms to the EFTPOS and scheme debits systems. It also revoked the designation of the Bankcard system, which is in the process of winding up, and determined that the Payment Systems (Regulation) Act 1998 does
https://www.rba.gov.au/media-releases/2006/mr-06-02.html
Payments System Issues
11 Dec 2006
Media Releases
own interchange categories and fees provided that the weighted-average fee remained below the appropriate benchmark. ... The recent resetting of interchange fees has led some parties to argue that the backward-looking and scheme-specific nature of the
https://www.rba.gov.au/media-releases/2006/mr-06-13.html
Review of the Regulatory Framework: Access and Interchange Fees | Review of the Regulatory Framework for the eftpos System: Consultation on …
9 Mar 2012
Consultations
These provisions are aimed at preventing participants from using negotiations over interchange fees to frustrate access to the system. ... Whether provisions in the Bank's interchange fees Standard that govern bilateral interchange fee agreements remain
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/access-interchange-fees.html
Payments System Reform
24 Feb 2005
Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html
Payments System Issues
22 Sep 2009
Media Releases
Announcement of a short paper setting out the Payments System Board's proposal to change the regulation of interchange fees in the EFTPOS system and a draft Standard
https://www.rba.gov.au/media-releases/2009/mr-09-20.html
Payments System Issues
27 Nov 2009
Media Releases
At its meeting on 23 November 2009, the Payments System Board decided to amend the EFTPOS interchange fee Standard to make the regulation of EFTPOS interchange fees more consistent with that for scheme debit interchange fees
https://www.rba.gov.au/media-releases/2009/mr-09-27.html
Payment System Reform
20 Jul 2005
Media Releases
The Reserve Bank has released for public comment a draft revised standard for the setting of credit card interchange fees, which would mean the establishment of a common benchmark rather than scheme-specific benchmarks for the Bankcard, MasterCard
https://www.rba.gov.au/media-releases/2005/mr-05-08.html
Payments System Issues: Consultation on a Variation to the Standards Relating to Surcharging
16 Dec 2011
Media Releases
Payments System Issues: Consultation on a Variation to the Standards Relating to Surcharging
https://www.rba.gov.au/media-releases/2011/mr-11-29.html
Consultation on Proposed Changes to the EFTPOS Interchange Fee Standard
9 Mar 2023
final decision was made on whether to remove regulation or proceed with a further realignment of interchange fees. ... It also noted that interchange fees in these schemes were not subject to normal competitive pressure.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-proposal-sep09.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