Submissions on Draft Common Credit Card Interchange Standard

On 20 July 2005 the Reserve Bank gazetted a draft standard for the setting of interchange fees that would determine a common benchmark for interchange fees in the Bankcard, MasterCard and Visa credit card schemes. The Bank sought submissions on the draft standard. The following submissions have been received.

Go To

Received by 23 August 2005

Commonwealth Bank of Australia
Payments System Reform 24KB
22 August 2005

Visa International Service Association
Proposed changes to credit card interchange standard 69KB
22 August 2005

Westpac Banking Corporation
Response to RBA's Proposed Changes to the Credit Card Interchange Standard: A Consultation Document – July 2005 19KB
23 August 2005

Received after 23 August 2005

Australia and New Zealand Banking Group Limited
Proposed Changes to the Credit Card Interchange Standard: A Consultation Document – July 2005 354KB
15 September 2005

Australian Merchant Payments Forum
Payments System Reform 29KB
23 August 2005

MasterCard lnternational
Response to Draft Revised Standard for the Setting of Interchange Fees 350KB
26 August 2005

National Australia Bank Limited
Response to Proposed Changes to Credit Card Interchange Standard: A Consultation Document – July 2005 22KB
26 August 2005