Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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Card Payments
27 Nov 2023
RDP
2023-08
Card payments are used least for household bills, with consumers tending to use lower-cost payment methods such as bank transfers and BPAY for these payments. ... Second, the merchant could have least-cost routing (LCR) enabled. This lets merchants
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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Domestic Regulatory Developments
8 Oct 2021
FSR
– October 2021
The Bank issued a consultation paper presenting preliminary conclusions in May 2021, which covered: issuance of dual-network debit cards and promotion of ‘least-cost routing’ of debit card transactions; debit ... These frictions contribute to the key
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html