Search: smart card
RBA Glossary definition for smart card
smart card – Also known as a chip card or IC (integrated circuit) card. A card containing one or more computer chips or integrated circuits for identification, data storage or special-purpose processing used to validate personal identification numbers (PINs), authorise purchases, verify account balances and store personal records.
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A Journey Towards a Near Cashless Payments System
28 Nov 2018
Speech
PDF
315KB
This has meant that the cost to consumers of using these cards is often low; insome cases, cardholders are actually subsidised to use their card, through reward points and/orinterest-free ... merchants in the debitcard system, where most cards allow for
https://www.rba.gov.au/speeches/2018/pdf/sp-gov-2018-11-26.pdf
3/21/2019 Property, Debt and Financial Stability | Speeches | ...
21 Mar 2019
PDF
426KB
There is very little debt related to non-housing loans such as credit cards or car loans.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-03-20.pdf
Leaning In: Towards Better Payment and Clearing Systems
17 May 2019
Speech
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401KB
We see this in all sorts of payment systems. The more merchants that take cards,for example, the more benefit there is to holding a card. ... Debit cards areconnected to a customer's deposit account and draw funds for payment directly from that
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-05-16.pdf
10/12/2019 A Payments System for the Digital Economy | ...
10 Dec 2019
Speech
PDF
326KB
Progress has also been made on improving the safety of electronic payments, particularly in relationto fraud in card-not-present transactions. ... This willhelp reduce card-not-present fraud and support the continued growth in online commerce.
https://www.rba.gov.au/speeches/2019/pdf/sp-gov-2019-12-10.pdf
Speech Fast Payments in Australia Michele Bullock Assistant Governor ...
15 Mar 2018
Speech
PDF
170KB
Cards, on the other hand, now account for around two-thirds of allnon-cash payments and the use of debit cards, in particular, has grown very strongly. ... In this sense, it is similar to other clearing and settlement systems – cheques,direct entry or
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-03-13.pdf
Financial Technology and Payments Regulation
10 Jul 2018
Speech
PDF
129KB
Forexample, certain competition and efficiency issues associated with credit card systems could not beaddressed by participants so the Bank introduced regulation that required changes to certainpractices in these schemes. ... Forexample, consumers could
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-07-08.pdf
COVID, Our Changing Economy and Monetary
24 Nov 2020
Speech
PDF
317KB
Includes ATM withdrawals, debit card cash-outs and credit and chargecard advances; excludes over-the-counter withdrawals.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-11-16.pdf
The Recovery from a Very Uneven Recession
15 Oct 2020
Speech
PDF
383KB
Over recent months, there have beenrecord rates of repayment on personal credit cards and other forms of personal debt (Graph 8).Interest-bearing credit card balances have fallen by 22 per
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-10-15.pdf
Policymaking at the Reserve Bank
18 Oct 2022
Speech
PDF
489KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-dg-2022-10-18.pdf
The RBA and the Australian Economy
16 Dec 2021
Speech
PDF
367KB
https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-16.html 3/16. In addition, we regulate important parts of Australia's payments system, including the credit anddebit card
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-16.pdf