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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Changes to Statistical Tables
10 May 2024
Statistics
This revision improves the comparability of the average merchant fees data across debit card schemes. ... This includes average fees by card scheme, separate estimates for transactions using domestic and international cards, and for
https://www.rba.gov.au/statistics/tables/changes-to-tables.html
Reform of Credit Card Schemes in Australia – Access Regime
24 Jul 2003
Media Releases
Announces that the RBA is allowing further public comment on its revised access regime for the credit card market. Submissions on new prudential standards released by the Australian Prudential Authority on 23 July 2003 would be accepted until 12
https://www.rba.gov.au/media-releases/2003/mr-03-09.html
Review of Card Payments Regulation: Conclusions
26 May 2016
Media Releases
The Reserve Bank has released the Conclusions to its Review of Card Payments Regulation and Final Standards relating to Surcharging and to Interchange Fees in designated card schemes.
https://www.rba.gov.au/media-releases/2016/mr-16-15.html
Designation of Visa Debit Card Scheme in Australia
23 Feb 2004
Media Releases
Announcement that the RBA has designated the debit and credit card scheme operated in Australia by Visa International as a payment system under the Payment Systems (Regulation Act 1998)
https://www.rba.gov.au/media-releases/2004/mr-04-01.html
Payments System Issues: Multi-Network Debit Cards
17 Aug 2012
Media Releases
At its meeting today, the Payments System Board considered the public policy issues relating to multi-network debit cards. These are cards issued by banks and other financial institutions for ATM usage and with debit functionality from more than one
https://www.rba.gov.au/media-releases/2012/mr-12-20.html
Designation of Credit Card Schemes in Australia
12 Apr 2001
Media Releases
Following a decision by the Payments System Board, the Reserve Bank has today brought credit card schemes in Australia under its regulatory oversight
https://www.rba.gov.au/media-releases/2001/mr-01-09.html
Reform of Card Payment Systems in Australia
9 Sep 2004
Media Releases
Announces that the RBA has designated the EFTPOS debit card payment system in Australia as a payment system under the Payment Systems (Regulation) Act 1998. Designation is the first step in the possible establishment of standards and/or an access
https://www.rba.gov.au/media-releases/2004/mr-04-08.html
Media Releases
6 Feb 2024
Media Release
Media releases issued by RBA.
https://www.rba.gov.au/media-releases/
Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
2 Oct 2018
RDP
PDF
1746KB
credit card (if they held multiple cards, this was the one they used most often). ... was the only card that they held, but some respondents held multiple cards.19 Respondents with.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-11.pdf
Private Net Costs
31 Dec 2014
RDP
2014-14
complimentary insurance) that credit cards offer (although this is before taking into account interest payments for customers who carry a balance on their credit card). ... For merchants, the private costs of credit cards are lower for card-present
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
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