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.
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Domestic Financial Markets and Conditions
10 Aug 2006
SMP
– August 2006
Most institutions also increased the rates on their personal loans and standard credit cards by 25 basis points following the May monetary policy tightening. ... However, competition remains intense in the low-rate (no-frills) segment of the credit card
https://www.rba.gov.au/publications/smp/2006/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2010
SMP
– November 2010
Credit card debt has been broadly unchanged over 2010. The weakness in margin lending, as well as an increase in the value of collateral (mainly equities) backing these margin loans has
https://www.rba.gov.au/publications/smp/2010/nov/dom-fin-mkts.html
Domestic Financial Markets and Conditions
10 Feb 2007
SMP
– February 2007
On personal loans and standard credit cards, most lenders increased interest rates shortly after each of the monetary policy tightenings in 2006. ... Since the end of 2005, the average interest rate on low-rate credit cards has risen by only 25 basis
https://www.rba.gov.au/publications/smp/2007/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2013
SMP
– August 2013
Decreases in the total value of credit card balances outstanding and other revolving credit facilities were largely offset by an increase in the value of personal fixed-term loans. ... While advertised rates on most credit cards and unsecured personal
https://www.rba.gov.au/publications/smp/2013/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2013
SMP
– November 2013
Advertised rates on most credit cards and unsecured personal loans, which are generally less sensitive to changes in the cash rate, have changed little over the past couple of years.
https://www.rba.gov.au/publications/smp/2013/nov/dom-fin-mkts.html
Domestic Financial Markets
10 May 2015
SMP
– May 2015
This reflects modest increases in fixed-term loans and credit card balances outstanding.
https://www.rba.gov.au/publications/smp/2015/may/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2012
SMP
– November 2012
The value of outstanding personal credit fell slightly in the September quarter owing to a decline in revolving credit facilities, including credit card lending and lending secured by residential mortgages.
https://www.rba.gov.au/publications/smp/2012/nov/dom-fin-mkts.html
Inflation Trends and Prospects
10 May 2006
SMP
– May 2006
Footnote. The CPI expenditure class for deposit and loan facilities measures the fees and margins paid by households on their loans, deposits and credit cards.
https://www.rba.gov.au/publications/smp/2006/may/inflation-trends.html
Domestic Financial Markets and Conditions
10 Nov 2006
SMP
– November 2006
Following the August (and May) tightening, most lenders also increased the interest rates on their personal loans and standard credit cards. ... Once again, however, increased competition in the market for ‘low-rate/no-frills’ cards saw a few
https://www.rba.gov.au/publications/smp/2006/nov/dom-fin-mkts.html
Domestic Financial Conditions
6 Aug 2021
SMP
– August 2021
Much of this reflected an increase in spending on credit cards alongside the recovery in economic conditions as restrictions to contain the virus had eased.
https://www.rba.gov.au/publications/smp/2021/aug/domestic-financial-conditions.html