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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The Evolution and Regulation of the Payments System
14 Mar 2006
Speech
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
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
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
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
In cases where there has been regulatory pressure, interchange fees have tended to decline. ... Data from financial institutions suggest that since September 2006 the average merchant service fee has increased by around 10 cents per transaction, compared
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.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
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
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
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
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
The Card Payments Review
12 May 2016
Speech
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