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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Payments System Reforms
27 Apr 2006
Media Releases
The Reserve Bank released a package of reforms to the EFTPOS and scheme debits systems. It also revoked the designation of the Bankcard system, which is in the process of winding up, and determined that the Payment Systems (Regulation) Act 1998 does
https://www.rba.gov.au/media-releases/2006/mr-06-02.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/
Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access - October 2000
14 Aug 2008
PDF
407KB
Interchange Fees and Access
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/payments-au/interchg-fees-study.pdf
Payments System Issues
27 Nov 2009
Media Releases
At its meeting on 23 November 2009, the Payments System Board decided to amend the EFTPOS interchange fee Standard to make the regulation of EFTPOS interchange fees more consistent with that for scheme debit interchange fees
https://www.rba.gov.au/media-releases/2009/mr-09-27.html
Payments System Reform
24 Feb 2005
Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html
Review of the Regulatory Framework: Access and Interchange Fees | Review of the Regulatory Framework for the eftpos System: Consultation on …
9 Mar 2012
Consultations
These provisions are aimed at preventing participants from using negotiations over interchange fees to frustrate access to the system. ... Whether provisions in the Bank's interchange fees Standard that govern bilateral interchange fee agreements remain
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/access-interchange-fees.html
Payments System Issues
22 Sep 2009
Media Releases
Announcement of a short paper setting out the Payments System Board's proposal to change the regulation of interchange fees in the EFTPOS system and a draft Standard
https://www.rba.gov.au/media-releases/2009/mr-09-20.html
Discussion Paper: Options for EFTPOS Interchange Fee Reform
29 Aug 2002
PDF
210KB
The recent debate regarding credit card interchange fees indicates a range of different interchange fee pricing models. ... Even under any EFTPOS interchange fee reform ultimately adopted, fees for such gateway services may continue to be appropriate
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-fee-reform.pdf
Variation of Interchange Fee Standards
9 Dec 2008
Media Release
PDF
112KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2008/pdf/mr-08-28-vifs.pdf
Payment System Reform
20 Jul 2005
Media Releases
The Reserve Bank has released for public comment a draft revised standard for the setting of credit card interchange fees, which would mean the establishment of a common benchmark rather than scheme-specific benchmarks for the Bankcard, MasterCard
https://www.rba.gov.au/media-releases/2005/mr-05-08.html