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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The Bank's Card System Reforms | Review of Card Payments Regulation
9 Mar 2023
The Bank has also been involved in negotiations with the three debit networks (eftpos, MasterCard and Visa) regarding issues concerning dual-network debit cards – that is cards issued by banks and ... dual-network arrangements as card transactions
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/banks-card-system.html
Issues for the Review | Review of Card Payments Regulation
9 Mar 2023
One concern that may arise with dual-network cards is that networks may seek to implement scheme rules that prevent a card-issuing institution from including payment functionality from another network ... In particular, it removes the need (and the option
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/issues-for-review.html
Expectations for Tokenisation of Payment Cards and Storage of PANs - December 2023
23 May 2024
The Bank has set expectations for the Tokenisation of Payment Cards and Storage of Primary Account Numbers (PANs), aimed at improving security, efficiency and competition for online card payments. ... When a merchant or payment service provider chooses
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/expectations-for-tokenisation-of-payment-cards-and-storage-of-pans-12-23.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
ATM. Automated teller machine. AUD. Australian Dollar. AusPayNet. Australian Payments Network. ... CS facility. Clearing and settlement facility. DNDC. Dual-network debit card. eftpos.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
Payments System Board Update: February 2018 Meeting
23 Feb 2018
Media Releases
At its meeting today, the Payments System Board considered issues including the public launch of the New Payments Platform, least-cost routing of transactions on contactless debit cards, card-not-present fraud, technology and the evolving nature of
https://www.rba.gov.au/media-releases/2018/mr-18-04.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
Dual-network debit cards have access to two networks – the domestic eftpos scheme and one of the two international schemes, Debit Mastercard and Visa Debit. ... The Board also stressed that the benefits to competition from LCR should not be prevented
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Submissions on Review of Retail Payments Regulation
9 Mar 2023
Payments System Board Submissions on Review of Retail Payments Regulation
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/index.html
Payments System Board Update: November 2016 Meeting
18 Nov 2016
Media Releases
At its meeting today the Payments System Board discussed strategic priorities for the Bank's payments policy work, including some issues relating to technology, competition and efficiency.
https://www.rba.gov.au/media-releases/2016/mr-16-28.html
Payments System Board Update: February 2017 Meeting
17 Feb 2017
Media Releases
At its meeting today, the Payments System Board discussed progress on the New Payments Platform (NPP).
https://www.rba.gov.au/media-releases/2017/mr-17-05.html
Payments System Board Update: February 2021 Meeting
19 Feb 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank�s review of retail payments regulation and the Treasury review of the Australian payments system, cyber risks in the Australian payments system, operational incidents at the ASX,
https://www.rba.gov.au/media-releases/2021/mr-21-02.html