Search: dual-network card
RBA Glossary definition for dual-network card
dual-network card – A payment card that can be used to initiate transactions, typically from the same deposit account, for two different payment processing networks. For example, a debit card (sometimes also known as an ATM card) that can be used to make a payment via either the eftpos network or one of the international scheme networks. These cards usually have an international scheme logo (Mastercard or Visa) on one side and the eftpos logo on the other.
Search Results
Governor's Foreword
20 Sep 2018
PSB Annual Report
– 2018
the debit card market and thereby holding down payment costs in the economy. ... When a dual-network debit card is presented in a contactless transaction, it is important that the merchant is able to accept the payment via the lower-cost network.
https://www.rba.gov.au/publications/annual-reports/psb/2018/governors-foreword.html
The Board's Announcements and Reserve Bank Reports
12 Sep 2014
PSB Annual Report
– 2014
Media Release 2013-16, ‘Dual-network Debit Cards’, 21 August 2013. ... 2014. Media Release 2014-04, ‘Payment Card Access Regimes’, 7 March 2014.
https://www.rba.gov.au/publications/annual-reports/psb/2014/board-announcements.html
Annual Performance Statement
21 Oct 2021
RBA Annual Report
– 2021
Complete an upgrade of RITS hardware and network infrastructure by end of June 2021. ... The multi-year refresh of core RITS network and application infrastructure was completed in 2020/21.
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html
Accountability and Communication
14 Sep 2017
PSB Annual Report
– 2017
Speeches covered the regulatory framework for surcharging card payments and the ongoing evolution of the Australian retail payments system. ... In the retail payments area, Bank staff met with a range of stakeholders to discuss policy concerns relating
https://www.rba.gov.au/publications/annual-reports/psb/2017/accountability-and-communication.html
Governor's Foreword
14 Sep 2017
PSB Annual Report
– 2017
In December 2016, the Board initiated a consultation on competition issues associated with dual-network cards and mobile wallet technology. ... Following the conclusion of the Review of Card Payments Regulation in 2016, new interchange standards took
https://www.rba.gov.au/publications/annual-reports/psb/2017/governors-foreword.html
About the Payments System Board
28 Sep 2022
PSB Annual Report
– September 2022
expectations on issuance of dual-network debit cards and least-cost routing of debit transactions. ... including financial institutions, card schemes, retail acquirers, the Australian Payments Network and the Bank (in its role as provider of banking
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
The Reserve Bank successfully encouraged industry progress on providing merchants with the ability to route contactless dual-network debit card transactions to their lowest-cost processing network, known as least-cost ... LCR is aimed at increasing
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html
Annual Performance Statement for 2018/19
17 Oct 2019
RBA Annual Report
– 2019
Continue to monitor the effect of the card standards introduced in 2016–17 and encourage industry progress in providing least-cost routing functionality. ... The Bank has continued to encourage industry progress on providing merchants with the ability
https://www.rba.gov.au/publications/annual-reports/rba/2019/annual-performance-statement.html
Accountability and Communication
25 Sep 2017
RBA Annual Report
– 2017
In 2016/17, the Bank conducted a formal consultation on issues relating to dual-network cards and mobile wallet technology. ... chairs. Photo: Women in Economics Network. Assistant Governor (Economic) Luci Ellis addresses the launch of the Women in
https://www.rba.gov.au/publications/annual-reports/rba/2017/accountability-and-communication.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
understanding differences in payment costs across merchants and card schemes. the operation of the surcharging framework. ... contactless transactions on dual-network debit cards to the lowest-cost processing network.
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html