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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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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

Innovation and Regulation in the Australian Payments System

7 Dec 2020 Speech
Philip Lowe
Speech delivered by Philip Lowe, Governor, to the Australian Payments Network, Online
https://www.rba.gov.au/speeches/2020/sp-gov-2020-12-07.html

Introduction

20 Sep 2005 PSB Annual Report – 2005
While in the first instance, the interchange fees are paid by the merchant's bank, they are passed onto the merchant through the fee that is charged for providing credit card ... The Bank has also proposed reducing interchange fees in the Visa Debit
https://www.rba.gov.au/publications/annual-reports/psb/2005/introduction.html

Opening Statement to House of Representatives Standing Committee - The Australian Payments System

15 May 2006 Speech
Philip Lowe
Opening Statement delivered by Philip Lowe to House of Representatives Standing Committee on Economics, Finance and Public Administration, Sydney
https://www.rba.gov.au/speeches/2006/sp-ag-150506.html

Guidance Note | Common Benchmark for the Setting of Credit Card Interchange Fees

9 Mar 2023
The Reserve Bank recognises that, due to trends in different types of transactions, the weighted average of interchange fees may change over time, even though interchange fee rates themselves have not ... For example, if an interchange fee rate is
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/guidance.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

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

9 Mar 2023
The interchange fee benchmark for bilateral interchange fees in the EFTPOS system is to be calculated by the Reserve Bank of Australia as follows:. ... costs to calculate the bilateral interchange fee benchmark in accordance with paragraph 10.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/attachment.html

Collective Setting of Wholesale Fees | I A Consultation Document

9 Mar 2023
If the interchange fee were to change, merchant service fees and rebates to credit cardholders would both change by the same amount and in the same direction. ... Despite these descriptions of a competitive negotiating process for determining interchange
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/collective-setting-whlsl-fees.html

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

Reasons for the Decision to Designate the EFTPOS Payment System

9 Mar 2023
This statement provides the reasons for the decision of the Payments System Board to designate the Electronic Funds Transfer at Point Of Sale (EFTPOS) debit card payment system as a payment system under Section 11 of the Payment Systems (Regulation)
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-decision.html