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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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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

13 Jun 2023 Submissions
competition. Effects on issuers and cardholders of a zero interchange fee. Since, under the proposal for authorisation, no interchange fees will be paid by card issuers to EFTPOS transaction acquirers, the ... Australia, with an interchange fee that
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions

21 Mar 2003 Submissions
Debit card acquirers can be expected to seek to recoup the loss of interchange fee revenue directly from merchants through increases in merchant service fees on EFTPOS transactions. ... The proposal does not provide any methodology for determining a
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/

Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees - 21 March 2003

7 May 2008 Submissions PDF 26KB
Reform of Debit Card (EFTPOS) Interchange Fees
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/pdf/eftpos-interchange-fees.pdf

Application for Authorisation in Relation to EFTPOS Interchange Fees - 21 March 2003

6 May 2008 Submissions PDF 27KB
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/pdf/eftpos-interchange-fees-application.pdf

Submissions

13 Mar 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Payments System | Submissions | Payments System | Submissions

9 Mar 2023 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/payments-system/

Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper

24 May 2023 Submissions
As noted above, the ATM Access Regime places certain restrictions on the ability of financial institutions (card issuers) to pay interchange fees to access other participants' ATM fleets. ... The exemption allows card issuers to pay interchange fees to
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
The result of this approach is that the scope of the Bank's regulation has been relatively narrow, largely covering interchange fees and scheme rule restrictions relating to merchants in card ... The report also recommended that NPPA provide greater
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
It has largely focused on:. interchange fees and scheme rule restrictions relating to merchants in card systems, with regulation aimed at improving efficiency in the payments system by making price signals
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Fee Income | Submission to the Inquiry into Competition within the Australian Banking Sector – November 2010 | Financial Sector |…

30 Nov 2010 Submissions
Prior to the reforms, the customer's financial institution paid an ‘interchange fee’ of around $1 to the ATM owner to cover the costs of providing ATM services. ... Foreign fees were around $2 on average. The reforms abolished interchange fees and
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/fee-income.html