Search: interchange fee
RBA Glossary definition for interchange fee
interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.
Search Results
Interchange Fees, Access and Competition | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
fee. Under the Bank's draft interchange Standard for the EFTPOS system, the cap on interchange fees will be re-calculated every three years, potentially requiring interchange fees to be renegotiated ... The effect of the provisions is to ensure that,
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/interchange-fees-access-and-competition.html
Standard | 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 Standard. ... If, prior to 1 November 2006, any interchange fee is introduced, varied, or removed in a Scheme, the average of interchange fees implemented in that Scheme
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/standard.html
The Setting of Interchange Fees in the Visa Debit Payment System
9 Mar 2023
the date any interchange fee is introduced, varied or removed in the Visa Debit system. ... and to which the Standard The setting of wholesale (‘interchange’) fees in the designated credit card schemes applies.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/standards/interchange-visa-debit/
The Key Issues | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
In the credit card systems, interchange fees are agreed between members of the schemes and the same interchange fee is paid by every acquirer in the scheme. ... In this way, interchange fees place a floor under the merchant service fee.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/key-issues.html
The Draft Access Regime | An Access Regime for the ATM System – February 2009
9 Mar 2023
The Draft Access Regime would eliminate interchange fees between the direct connectors that form the core of the ATM system. ... An important consideration in setting this restriction was the desire to avoid a renewed proliferation of bilateral
https://www.rba.gov.au/payments-and-infrastructure/atms/access-regime/draft-access.html
The Setting of Wholesale (‘Interchange’) Fees in the Designated Credit Card Schemes
9 Mar 2023
Standard The Setting of Wholesale (‘Interchange’) Fees in the Designated Credit Card Schemes. ... If, prior to 1 November 2006, any interchange fee is introduced, varied, or removed in a Scheme, the average of interchange fees implemented in that
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/standards/interchange-card-schemes/
Interchange fees | Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/interchange-fees.html
The ATM System and the Need for Reform | An Access Regime for the ATM System – February 2009
9 Mar 2023
As interchange fees are a cost to the card issuer, many financial institutions have charged their customers a ‘foreign fee’ when they use an ATM belonging to another financial institution. ... Although interchange fees have a bearing on foreign fees,
https://www.rba.gov.au/payments-and-infrastructure/atms/access-regime/reform-need.html
The Effect of Scheme-specific Benchmarks | 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 3. ... relatively high interchange fees, since the higher interchange revenue would simply be offset by higher payments to the scheme.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/scheme-specs.html
Attachment | A Variation to the Access Regime for the ATM System: Conclusions – August 2012
9 Mar 2023
ATM Acquirer does not pay an interchange fee to access any ATMs of the ATM Issuer in the arrangement;. ... of an ATM sub-network and the interchange fee is the common interchange fee payable between members of the sub-network.
https://www.rba.gov.au/payments-and-infrastructure/atms/var-access-regime/attachment.html