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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Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
The Review has addressed a range of payments policy issues, including: how to support dual-network debit card (DNDC) issuance and the provision of least-cost routing (LCR); the levels of ... Visa and Mastercard introduced additional strategic merchant
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
With the majority of debit cards on issue in Australia being dual-network cards and there being a significant increase in the share of debit card transactions over the past decade, ... From July 2020, eftpos introduced new ‘package rate’ interchange
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
The main new policy measures in this area included:. An expectation that larger debit card issuers will continue to issue dual-network debit cards (DNDCs). ... The introduction of a sub-benchmark for interchange on single-network debit cards (SNDCs),
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
The Board's Announcements and Reserve Bank Reports
2 Oct 2013
PSB Annual Report
– 2013
Media Release 2012-20, ‘Payments System Issues: Multi-Network Debit Cards’, 17 August 2012. ... Media Release 2013-16, ‘Dual-network Debit Cards’, 21 August 2013.
https://www.rba.gov.au/publications/annual-reports/psb/2013/board-announcements.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
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