Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
Search Results
RBA Debit Card Default Settings and Tokenisation: Wpay submission
28 Sep 2023
PDF
134KB
We support Least Cost Routing (LCR) on the basis that it drives competition in the cardpayments market and provides options for merchants. ... Routing all debit transactions will provide greater benefits to merchants. For LCR to be effective for larger
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/wpay.pdf
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf
ABA submission
28 Sep 2023
PDF
303KB
In recent years, banks have undertaken a number of least cost routing (LCR) and merchant choice routing (MCR) initiatives to meet the RBA’s expectations for banks to make LCR available ... Over the same period, existing or enhanced LCR initiatives can
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aba.pdf
Australian Payments Plus - Submission
28 Sep 2023
PDF
284KB
we make the following additional observations:. Debit Card Market Default Settings: The implementation of least-cost routing (LCR). ... taken to minimise costs and that work sits alongside existing least-cost routing (LCR) initiatives and other.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aus-payment-plus.pdf
Australian Small Business and Family Enterprise Ombudsman Submission
28 Sep 2023
PDF
180KB
Board should take regulatory action to progress the implementation of least-cost routing. ... government policies enforce merchant choice of routing or LCR for all payment-form factors so that small business merchants pay the least-cost merchant fees.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/australian-small-business-and-family-enterprise-ombudsman.pdf
Commonwealth Bank of Australia ABN 48 123 123 124 ...
11 Feb 2020
PDF
453KB
Q4: How do stakeholders assess the functioning to date of least-cost routing (LCR) of. ... resorting to regulatory action. CBA’s solution: Merchant Choice Routing. The CBA solution to Least Cost Routing (LCR) is called Merchant Choice Routing (MCR) and
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/commonwealth-bank-of-australia.pdf
National Support Centre - Suite 5, 1 Milton Parade, ...
11 Feb 2020
PDF
230KB
least cost-routing of dual network debit card transactions, ease of payments for consumers and effective. ... the viability of their businesses. At this point there is little relief insight albeit there is a Least Cost Routing.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/master-grocers-australia.pdf
PSB Board Annual Report 2019
20 May 2020
Annual Report
PDF
3893KB
https://www.rba.gov.au/publications/annual-reports/psb/2019/pdf/2019-psb-annual-report.pdf
Payments System Board Annual Report 2023
11 Oct 2023
PSB Annual Report
- 2023
PDF
2459KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/psb-annual-report-2023.pdf
ALNA Submission to RBA on Review of Retail Payments Regulation - July 2021
30 Jul 2021
PDF
197KB
adopted in our channel, and so has the positive reform to enable least cost routing. ... The introduction of Least cost routing (LCR), which started to roll out in our industry in 2019 has been an extremely positive step in this direction and it has
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/alna-2021-07-09.pdf