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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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Media Releases

6 Feb 2024 Media Release
Media releases issued by RBA.
https://www.rba.gov.au/media-releases/

Payment Card Access Regimes

7 Mar 2014 Media Releases
Payment Card Access Regimes
https://www.rba.gov.au/media-releases/2014/mr-14-04.html

Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …

26 Apr 2006 Media Release PDF 40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf

Reform of Credit Card Schemes in Australia

1 Jul 2003 Media Releases
Release of new regulations to accompany reforms to the credit card market and protect participants from price-fixing action under the Trade Practices Act
https://www.rba.gov.au/media-releases/2003/mr-03-08.html

Reform of Card Payment Systems

11 Jun 2004 Media Releases
To promote efficiency and competition in the Australian Payments System, the RBA announces that it is considering whether it would be in the public interest to designate the EFTPOS and ATM payment systems in Australia. The RBA is seeking submissions
https://www.rba.gov.au/media-releases/2004/mr-04-06.html

Reform of Credit Card Schemes in Australia

18 Mar 2002 Media Releases
Submissions from credit card schemes, banks and other deposit-taking institutions on the proposed reforms to credit card schemes in Australia
https://www.rba.gov.au/media-releases/2002/mr-02-07.html

Dual-Network Cards and Mobile Wallet Technology: Consultation Paper

7 Dec 2016 Media Releases
The Reserve Bank has issued a consultation paper: Dual-Network Cards and Mobile Wallet Technology.
https://www.rba.gov.au/media-releases/2016/mr-16-31.html

Consultation on Changes to the Bank's Standards for Card Payment Systems

3 Dec 2015 Media Releases
Consultation on Changes to the Bank's Standards for Card Payment Systems
https://www.rba.gov.au/media-releases/2015/mr-15-24.html

Reform of Debit Card Systems in Australia

20 Dec 2005 Media Releases
The Reserve Bank has gazetted a draft Access Regime for the EFTPOS system and released a Consultation Document. The proposals, together with APCA's EFTPOS Code, are designed to significantly improve access arrangements to Australia's EFTPOS system.
https://www.rba.gov.au/media-releases/2005/mr-05-16.html

Reform of Credit Card Schemes in Australia

19 Sep 2002 Media Releases
Visa International has today announced that it is mounting a legal challenge in the Federal Court to have the final reforms to credit card schemes in Australia overturned
https://www.rba.gov.au/media-releases/2002/mr-02-18.html