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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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
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
This is despite almost all debit cards having access to the eftpos network, either as a dual-network card (i.e. ... As discussed in the chapter on ‘Retail Payments Regulation and Policy Issues’, most card acquirers have recently enabled least-cost
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.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 for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Monitor the outcomes for consumers and businesses following past reviews of the regulatory framework for card payments. ... In 2021/22, the Bank focused on:. least-cost routing (LCR) functionality, where merchants can choose to route transactions on
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
2.6 Communication and Community Engagement
19 Oct 2023
RBA Annual Report
– October 2023
Communication and Community Engagement | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/communication-and-community-engagement.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
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
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