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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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Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates - ATM Fees | Submission to the Inquiry into the…

27 Aug 2015 Submissions
Interchange fees had proved to be extremely inflexible. With the cost of ATM provision rising, there was concern that the $1.00 interchange fee might make deployment of ATMs by independent ... ATM numbers increased as independent deployers took advantage
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/atm-fees.html

List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
Table 8.3: Selected Interchange Fees on a $100 Credit Card Transaction. ... d) ‘Standard’ interchange rates in the US. Sources: MasterCard, Visa.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
Accordingly, the Bank does not support the option of removing the caps on interchange fees. ... Based on the evidence, removing interchange fee caps in Australia would significantly increase interchange fees.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
The standards on interchange fees for the MasterCard and Visa systems set benchmarks for the average interchange fee that can be paid in those systems. ... In practice, reflecting the backward-looking compliance calculation, the setting of the
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html

Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market

8 May 2024 Submissions
Interchange revenues from transactions on MasterCard and Visa credit cards (and issuer fees from American Express ‘companion’ card transactions): based on incomplete data, the Bank estimates these at around $1–1 ... had their fees waived as part of
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html

Developments since the Financial System Inquiry | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector |…

6 Sep 2017 Submissions
clarifying and broadening card interchange regulation and lowering interchange fees. The government's response to the FSI Final Report followed most of the recommendations (The Australian Government 2015). ... establishment by the Reserve Bank of a
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/developments-since-the-financial-system-inquiry.html

Figure 8B.1 | Submission to the Financial System Inquiry – March 2014

19 Mar 2019 Submissions
Financial institutions charge fees for providing these payment services. Merchants are charged a ‘merchant service fee’ which, in part, reflects an underlying wholesale interchange fee that the merchant's financial institution ... In part, these are
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8b.1.html

References | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
Federal Reserve System (2011), ‘Regulation II, Debit Card Interchange Fees and Routing; Final Rule’, 12 CFR Part 235, Federal Register, Vol 76, No 139. ... RBA and ACCC (Australian Competition and Consumer Commission) (2000), Debit and Credit Card
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/references.html

List of tables | Submission to the Inquiry into Competition in the Banking and Non-Banking Sectors – August 2015 | Financial Sector |…

27 Aug 2015 Submissions
Download 906. KB. Chapters. Table 1: Credit Card Interchange Fees. (a). ... Excluding GST; as at February 2015. Category. Interchange Fee Per cent.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/tables.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
The benchmarks were aimed at increasing the transparency of interchange fees and limiting their tendency to rise. ... Though these cards do not involve interchange fees, they incorporate payments that are economically equivalent to interchange fees.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html