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South African Reserve Bank
 
 
     
 
 

Interchange Determination Project 

Phase 1 - Announcement 
 
The South African Reserve Bank (the Bank) has launched a project to address interchange fees as applicable to each of the payment streams officially recognised and registered within the South African National Payment System. Interchange, as applicable to payment systems, refers to the process whereby banks, through their devices, systems and procedures, facilitate the acceptance, collection, exchange, clearance and settlement of payment instruments utilised by their customers within the National Payment System. Read more . . .
 
Phase 2 - Announcement
 
During 2009 and 2010, the South African Reserve Bank (the Bank), was involved in a process of discussion with the National Treasury (NT), the Department of Trade and Industry and the Competition Commission (CC), in an attempt to find a resolution to the issues raised in the Banking Enquiry Report (the Report)1 concerning interchange. Read more . . .
 
Phase 2 - ATM Interchange Rate Announcement
 
The purpose of this communique is for the South African Reserve Bank (the Bank) to share the results of the Bank facilitated interchange determination project, with specific reference to the ATM phase. Read more . . .
 
Phase 2 -  Card Results Announcement 
 
The purpose of this communiqué is for the South African Reserve Bank (the Bank) to share the results of the Bank facilitated interchange determination project (IDP), with specific reference to the card phase. Read more . . .
 
Phase 2 – Postponement of the implementation of the revised Card interchange rates
 
In the interest of the safety and efficiency of the national payment system (considering the systemic risks related to the implementation of structural changes and all related balances, checks and controls), it has been decided to postpone the implementation date for the revised Card interchange rates. Read more . . .
 
Phase 3 -  Interchange Determination Project, Card Interchange Results Update
 
The purpose of this communiqué is for the South African Reserve Bank (the SARB) to provide an update on the final interchange rates determined through the SARB facilitated interchange determination project (IDP), with specific reference to the Card phase. Read more . . .
 
 

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