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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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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

Developments in Retail Payment Systems

25 Oct 2010 PSB Annual Report – 2010
Interchange fees in the EFTPOS system are also regulated by the Reserve Bank. ... more than the regulated decline in interchange fees in the MasterCard and Visa systems.
https://www.rba.gov.au/publications/annual-reports/psb/2010/dev-payments.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/

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

Retail Payments Developments

9 Oct 2015 PSB Annual Report – 2015
Both schemes also amended their prepaid card interchange fee schedules at that time. ... Footnotes. All interchange fee benchmarks and rates quoted in this section are exclusive of GST.
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html

The Bank's Card System Reforms | Review of Card Payments Regulation

9 Mar 2023
The Standard set an interchange fee benchmark for each scheme and increased transparency of these fees. ... for which there was a separate interchange fee; and more transparent scheme fees.
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/banks-card-system.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

Access Framework | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
system. With the establishment of EPAL's multilateral interchange fee schedule, fees for most transactions flow in the reverse direction – from the acquirer to the issuer. ... The current interchange fees Standard considers a fee paid to the acquirer
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/access-framework.html

Appendix 2: Examples of Commitments on Interchange Fees | Reform of Australia's Payments System: Conclusions of the 2007/08 Review –…

9 Mar 2023
Reform of Australia's Payments System Appendix 2: Examples of Commitments on Interchange Fees. ... One possibility would be to effectively reproduce the current credit card interchange fee Standard in a less legalistic manner.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-conclusions/appendix-2.html

Final 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 6. ... Final Standard. Reflecting consultation and the analysis above, the Bank has decided to modify the Standard on interchange fees in the designated credit card schemes
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/cc-fees-benchmark/final-standard.html