Search: least-cost routing (LCR)

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RBA Glossary definition for LCR

LCR – Liquidity Coverage Ratio

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Payments System Regulation and Policy Issues

11 Oct 2023 PSB Annual Report - 2023 PDF 347KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/payments-system-regulation-and-policy-issues.pdf

Bulletin June Quarter 2019

16 Sep 2019 Bulletin - June 2019 PDF 8235KB
https://www.rba.gov.au/publications/bulletin/2019/jun/pdf/bulletin-2019-06.pdf

A Strategic Plan for the Payments System

6 Jun 2023 Submissions PDF 539KB
least-cost routing’ (LCR) initiatives. LCR is functionality that enables merchants to choose which card. ... obsolete infrastructure imposes a cost on the payment system and economy more broadly.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf

Retail Payments Regulation and Policy Issues

21 Oct 2021 PSB Annual Report - 2021 PDF 277KB
https://www.rba.gov.au/publications/annual-reports/psb/2021/pdf/retail-payments-regulation-and-policy-issues.pdf

Financial Stability Review

18 Nov 2022 FSR - October 2021 PDF 3266KB
https://www.rba.gov.au/publications/fsr/2021/oct/pdf/financial-stability-review-2021-10.pdf

Payments System Board Annual Report 2020 - Trends in Payments, Clearing and Settlement Systems

14 Oct 2020 PSB Annual Report 2020 PDF 2471KB
https://www.rba.gov.au/publications/annual-reports/psb/2020/pdf/trends-in-payments-clearing-and-settlement-systems.pdf

At a Glance

27 Sep 2023 PSB Annual Report – 2023
https://www.rba.gov.au/publications/annual-reports/psb/

The Cost of Card Payments for Merchants

19 Mar 2020 Bulletin – March 2020
Kateryna Occhiutto
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html

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

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
Participants in the online payments ecosystem. As more payments migrate online, a potential policy issue that could emerge is how to support the operation of least-cost routing in the online ... In the past, the Bank has mainly sought to encourage
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html