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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

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

A Draft Revised Standard [Version B] | Proposed Changes to the Credit Card Interchange Standard: A Consultation Document

9 Mar 2023
This Standard will replace Standard No. 1, The Setting of Wholesale ('Interchange') Fees which applies to each of the Schemes individually. ... warrant. For purposes of paragraph 10, the average of interchange fees in each Scheme is a weighted average
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-jul05/b.html

The Evolution and Regulation of the Payments System

14 Mar 2006 Speech
Philip Lowe
Speech by Philip Lowe to the Payments System Conference 2006, Melbourne Business School, Melbourne
https://www.rba.gov.au/speeches/2006/sp-ag-140306.html

Interchange Fees and Transparency of Card Payments | Review of Card Payments Regulation – May 2016 | Conclusions Paper | Submissions

9 Mar 2023
Lower interchange fee caps would likely lead to a reduction in merchant service fees and to product prices being lower than they would otherwise have been for all consumers. ... meaningful reduction in certain interchange fees, particularly when combined
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-may2016/interchange-fees-and-transparency-of-card-payments.html

Introduction | Common Benchmark for the Setting of Credit Card Interchange Fees

9 Mar 2023
Common Benchmark for the Setting of Credit Card Interchange Fees – November 2005 1. ... The revisions are principally technical in nature. They do not affect the average level of interchange fees across the three schemes.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/intro.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

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

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

The Card Payments Review

12 May 2016 Speech
Malcolm Edey
Speech delivered by Malcolm Edey, Assistant Governor (Financial System), at the Cards & Payments Australia conference, Melbourne
https://www.rba.gov.au/speeches/2016/sp-ag-2016-05-12.html