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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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
The Payments System Board's Announcements and Reserve Bank Reports
14 Sep 2017
PSB Annual Report
– 2017
Card Payments and the Retail Sector’, Malcolm Edey, Australian Financial Review Retail Summit, 28 September 2016. ... Dual-Network Cards and Mobile Wallet Technology: Consultation Paper, Reserve Bank of Australia, Sydney, December 2016.
https://www.rba.gov.au/publications/annual-reports/psb/2017/boards-announcements-and-reserve-bank-reports.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
b) Does not include spending on companion cards that may accompany these card products. ... with $18,800 without a companion card), making these slightly more competitive than the merchant-branded cards.
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Abstract for A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
Michele Bullock. Studies by the Reserve Bank undertaken from 2000 to 2002 concluded that the structure of pricing in the Australian card payments system was encouraging inefficient use of credit cards ... credit card) over the less costly one (EFTPOS)
https://www.rba.gov.au/publications/bulletin/2010/sep/bu-0910-7a.html
Abstract for The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Bulletin – March 2012 The Personal Credit Card Market in Australia: Pricing over the Past Decade Abstract. ... New strategies adopted by issuers include: the introduction of ‘companion’ American Express cards; a substantial increase in the number
https://www.rba.gov.au/publications/bulletin/2012/mar/bu-0312-7a.html
Merchant Service Fees for Credit Cards
10 Jul 2004
Bulletin
– July 2004
in fees (known as merchant service fees) that banks charge merchants for providing credit card facilities. ... Interchange fees on MasterCard and Visa cards issued overseas have not fallen and so merchants in that sector have not benefited as much from
https://www.rba.gov.au/publications/bulletin/2004/jul/2.html
Merchant Service Fees and Market Shares for Credit and Charge Cards
10 Aug 2005
Bulletin
– August 2005
The Bank has been collecting data on the value and number of credit card transactions in Australia since 1984 and broadened the collection to include charge cards in 2002. ... The data show that around 83 per cent of the value of purchases on credit and
https://www.rba.gov.au/publications/bulletin/2005/aug/2.html
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
MasterCard and Visa, and potentially issue credit cards to cardholders or provide card acceptance services to merchants. ... a credit card than cardholders that pay interest on their credit card; the latter group tends to use debit cards more frequently.
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html