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RBA Glossary definition for smart card

smart card – Also known as a chip card or IC (integrated circuit) card. A card containing one or more computer chips or integrated circuits for identification, data storage or special-purpose processing used to validate personal identification numbers (PINs), authorise purchases, verify account balances and store personal records.

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A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
The arrangements for consumers to cancel direct debits and recurring card payments need to be improved. ... Competition in the Cards Market. Q4: How do stakeholders assess the functioning to date of least-cost routing (LCR) of contactless debit card
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC