Acquirers / Resources
Branding and trademark requirements
Requirements
Card Branding and Contactless Requirements – Brand Guidelines
eftpos brandmark
If you require another format, please email branding@eftposaustralia.com.au
eftpos contactless brandmark
If you require another format, please email branding@eftposaustralia.com.au
eftpos Rules
Scheme Rules
The eftpos Scheme Rules can be found in the document below.
- 02 July 2019 eftpos Scheme Rules v3.9
Technical Operational and Security Rules
The eftpos Technical Operational and Security Rules can be found in the document below.
Effective 02 July 2019 eftpos Technical Operational and Security Rules v2.11
eftpos Certification Body
eftpos CB Certification Services – June 2017
Interchange
Interchange Fee Principles
eftpos believes that interchange fees should be set in a way that is transparent and reflects the interests of all stakeholders. Accordingly, on 20 September 2010 it adopted the following interchange fee principles:
Principle 1 – Compliance with the Standard
The Company’s interchange fee regime will comply with the terms and spirit of the eftpos Interchange Fee Standard published by the RBA.
Principle 2 – Competitive Positioning and success of eftpos
The Company’s interchange fee regime will further the competitive position and success of eftpos and, in particular, it will:
- promote usage, issuance and acceptance of eftpos;
- take into consideration the competitive landscape to ensure eftpos is not placed at an economic disadvantage to other payment products; and
- strive to achieve:
- net costs of acceptance that are below competitive products for all merchants;
- net costs of issuance that are below competitive products for all issuers; and
- an environment that encourages innovation, efficiency and investment in eftpos; and
- review its interchange fee regime at regular intervals (at least annually) in light of relevant developments.
Principle 3 – Simplicity and Transparency
The Company’s interchange fee regime will be simple and transparent in terms of both process and output.
Principle 4 – Fairness
The Company’s interchange fee regime will be fair and balance the long term needs of the Company.
Principle 5 – Governance and Consultation
- In developing its interchange fee regime the Company will consult with all Members in an open and transparent manner.
- The success of eftpos as a whole will be the paramount consideration in the Company’s deliberations.
Interchange Rates
Interchange Fees are payable between the retailer (known as a self-Acquirer) or the retailers’ financial institution (known as the Acquirer) and the cardholder’s bank or financial institution (known as the Issuer).
These rates:
• Create a simple regime to underpin and strengthen eftpos’ competitiveness, and
• Support investment in key enhancements to eftpos products.
The rates support initiatives designed to:
• Increase eftpos functionality, and
• Enhance digital payments security.
Schedule of Interchange Rates
The following Multilateral Interchange rates are prescribed by eftpos pursuant to Clause 33 of the Scheme Rules from 1 July 2019.
# eftpos Prop Card Interchange Fee also used for all Digital standard merchant Transactions until notified by eftpos.
** from a date as notified by eftpos.
Notes:
Capitalised terms used in the definitions are defined in the eftpos Scheme Rules.
Interchange Fees are not payable for Refunds and Declines.
Electronic and Paper Fallback transactions attract an Interchange Fee at the applicable Purchase rate.
Digital transaction – A transaction performed using a Merchant website or mobile application, rather than a POS terminal.
Purchase transaction – Within the Differential Rate categories, Purchase transaction refers to all channels and Transfer transactions.
Cashout – Has the meaning in the rules and for clarity is a transaction where the cardholder receives cash (Australian notes or coins) from a merchant, either as a standalone transaction, or combined with the purchase of goods or services.
CNP – Card Not Present transactions.
Anti-bribery Policy
Anti-bribery laws apply in Australia. The purpose of this policy is to provide clear guidance and expectations around compliance with anti-bribery laws.
Australian Payments Networks Limited Approved Devices
eftpos BIN list
In May 2016 the Reserve Bank of Australia (RBA) released a set of card payment standards, relating to surcharging, payments to Issuers and the setting of Interchange fees by payment systems. Those standards require that any surcharging is limited to the cost of acceptance of the particular payment method. Merchants should discuss this with their Acquirers. However, to enable merchants to identify cards that have eftpos functionality and understand the cost of acceptance for their Acquirer of eftpos Transactions, eftpos publishes:
- Below a list of Bank Identification Numbers (BINs) used in the eftpos Payment System; and
- The interchange fees applicable to eftpos Transactions.
As eftpos is a debit only scheme, all eftpos transactions performed using form factors issued under these BINs are debit transactions, and as such for the purposes of the eftpos Payment System should be considered debit BINs.
Please note, as identified in the BIN list provided, a subset of these BINs are used for the issuance of prepaid debit cards.
