Search: smart card
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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List of tables
10 Feb 2008
SMP
– February 2008
Margin loans. 9.66. 0.33. 0.69. Standard credit cards. 18.57. 0.39. 0.78. ... Low-rate credit cards. 11.76. 0.41. 0.60. Unsecured term loans. 13.89. 0.46.
https://www.rba.gov.au/publications/smp/2008/feb/tables.html
List of tables
10 Feb 2009
SMP
– February 2009
0.04. Standard credit cards. 18.67. 1.08. 1.25. 0.88. Low-rate credit cards.
https://www.rba.gov.au/publications/smp/2009/feb/tables.html
List of tables
10 May 2009
SMP
– May 2009
0.96. Standard credit cards. 17.9. 0.71. 2.03. 0.12. Low-rate credit cards.
https://www.rba.gov.au/publications/smp/2009/may/tables.html
List of tables
10 Aug 2008
SMP
– August 2008
0.14. 1.57. Standard credit cards. 19.66. 0.14. 1.88. Low-rate credit cards.
https://www.rba.gov.au/publications/smp/2008/aug/tables.html
Financial Conditions
6 Feb 2024
SMP
– February 2024
Financial Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/financial-conditions.html
Domestic Financial Conditions
10 Nov 2023
SMP
– November 2023
Domestic Financial Conditions | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/domestic-financial-conditions.html
Box B: Online Spending by Households
10 Feb 2011
SMP
– February 2011
where the payment card is not physically present) and traditional spending where the payment card is present or details are provided over the phone or by mail. ... In contrast, traditional card spending has increased at a slower average rate of around 9
https://www.rba.gov.au/publications/smp/2011/feb/box-b.html
Domestic Financial Conditions
4 Nov 2022
SMP
– November 2022
in part because consumers shifted to using debit cards rather than credit cards). ... This growth in personal credit has largely reflected increases in outstanding credit card balances, consistent with strong nominal consumption growth, and follows a
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html
Box D: Enhancing the Transparency of Interest Rates
6 Feb 2020
SMP
– February 2020
On average, borrowers pay a much higher interest rate on credit cards, which are a form of unsecured finance, compared with other forms of personal finance. ... However, about half of all other personal loans (i.e. excluding credit cards) are secured
https://www.rba.gov.au/publications/smp/2020/feb/box-d-enhancing-the-transparency-of-interest-rates.html
Box B: The Effect of Policy Rate Changes on Household Debt Servicing
10 Nov 2009
SMP
– November 2009
payments on credit cards, auto loans and other non-real estate related debt. ... sharp rise in the delinquency rate on credit card repayments that has led to an increase in charge-offs, which are almost 10 per cent of outstanding balances.
https://www.rba.gov.au/publications/smp/2009/nov/box-b.html