Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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Governor's Foreword
15 Oct 2020
PSB Annual Report
– 2020
Given its remit to promote a safe, competitive and efficient payments system, the Board is paying close attention to this shift towards electronic payments, especially as it relates to the cost ... It has actively encouraged acquirers to provide
https://www.rba.gov.au/publications/annual-reports/psb/2020/governors-foreword.html
eftpos Payments Australia Limited ABN 37 136 180 366 ...
9 Jul 2021
PDF
1231KB
If immediate and effective regulatory action is not taken to support dual network debit cards (and form factors) (DNDC) for all issuers and opt out least cost routing (LCR), it is ... competitive effect on the payments system in Australia. 2. Opt out
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/eftpos-2021-07-09.pdf
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
The Bank has been actively encouraging the provision of least-cost routing functionality to merchants. ... The Reserve Bank successfully encouraged industry progress on providing merchants with the ability to route contactless dual-network debit card
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html
Payments System Board Annual Report 2020 - Governor’s Foreword
14 Oct 2020
PSB Annual Report
2020
PDF
583KB
https://www.rba.gov.au/publications/annual-reports/psb/2020/pdf/governors-foreword.pdf
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
IRD. Interest rate derivative. LCR. Least-cost routing. LVCS. Low Value Clearing Service.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
Submission for the Review of Retail Payments Regulation
11 Feb 2020
DOCX
33KB
Least cost routing should really be least cost for consumers, but it may not always be the case. ... Q4: How do stakeholders assess the functioning to date of least-cost routing (LCR) of contactless debit card payments?
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX
Review of Retail Payments Regulation - Consultation Paper - May 2021
28 May 2021
PDF
712KB
Least-cost routing (LCR), also known as merchant-choice routing, is functionality that lets merchants process contactless (‘tap-and-go’) DNDC transactions through whichever network on the card costs them less ... In recent years, however, financial
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/consultation-paper-202105/pdf/review-of-retail-payments-regulation-consultation-paper-202105.pdf
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
Given the rapid growth in the use of cards, the Board has continued to focus on holding down the cost of card payments, including by encouraging the provision of least-cost ... routing (LCR) functionality and monitoring the effectiveness of and
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
The Review has addressed a range of payments policy issues, including: how to support dual-network debit card (DNDC) issuance and the provision of least-cost routing (LCR); the levels of ... types of cross-border payment services face at least some of
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html