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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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Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

8 May 2024 Submissions
Graph 1. In the Australian card payment market, a significant number of debit cards on issue are ‘dual-networkcards. ... The Bank has previously expressed its support for the issuance of dual-network cards, noting its benefits for cardholder
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html

Mobile Wallet Technology | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016

10 Dec 2016 Consultations
Dual-Network Cards and Mobile Wallet Technology 3. Mobile Wallet Technology. Consultation Paper. ... However, equivalent processes can be followed where the card is a dual-network card.
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/mobile-wallet-technology.html

Consultation and Next Steps | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016

10 Dec 2016 Consultations
Dual-Network Cards and Mobile Wallet Technology 5. Consultation and Next Steps.
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/consultation-and-next-steps.html

Review of Card Payments Regulation - November 2019 | Consultations

10 Nov 2019 Consultations
Review of Card Payments Regulation
https://www.rba.gov.au/publications/consultations/201911-review-of-card-payments-regulation.html

Executive Summary | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper

28 Sep 2023 Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/executive-summary.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
In 2016–17, the Bank undertook a public consultation in response to concerns about possible restrictions by schemes on the use of dual-network cards in mobile wallets (RBA 2016a). ... As noted above, one element of the undertakings provided by the
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html

References | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
RBA (2013), ‘Dual-network Debit Cards’, Media Release No 2013-16, 21 August. ... RBA (2016a), ‘Dual-Network Cards and Mobile Wallet Technology’, December. RBA (2016b), ‘Review of Card Payments Regulation: Conclusions Paper’, May.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/references.html

Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation - May 2021 | Consultations

28 May 2021 Consultations
Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation
https://www.rba.gov.au/publications/consultations/202105-consultation-preliminary-conclusions-review-of-retail-payments-reg.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

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