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 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
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 | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions
1 Aug 2014
Submissions
This is particularly relevant in the case of dual-network debit cards – that is, cards with point-of-sale debit functionality from two payment networks. ... Between April 2010 and September 2012, Woolworths chose to route all debit transactions on
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.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
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
merchants accept cards from both networks), and where consumers may hold one network's card but not necessarily both, competition tends to involve offering incentives for a consumer to hold and ... a network where interchange payments flow to the
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
than twice that on debit cards, reflecting the larger average value of a credit card transaction. ... They are now able to obtain a card with an interest rate of 10 to 13 per cent, rather than the 16 to 18 per cent payable on traditional cards.
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.html
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
This has encouraged some card issuers to focus more on attracting customers who use their credit cards to borrow, by offering them lower interest rates. ... Scheme debit cards use the processing infrastructure of the international card schemes, and can
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
MasterCard has also introduced a chip rate for its debit cards, applicable when a card with a chip is used in a terminal that is not chip enabled. ... There is, however, wide variation between card types. Cards in the small, but relatively fast-growing,
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html