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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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 ... card interchange fees; transparency
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.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
The Evolution of Payment Costs in Australia
11 Apr 2019
RDP
PDF
1298KB
Recent innovations have included:. • The transition from using the magnetic stripe on cards to using chips for the storage of card details and transmission of these details to the terminal. • ... In addition, lower-value payments often no longer
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
22 Nov 2023
RDP
PDF
143KB
RDP 2023-08 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-08/rdp-2023-08-read-me.pdf
Non-technical summary for 'The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey'
20 Nov 2023
RDP
PDF
283KB
RDP 2023-08 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-08/rdp-2023-08-non-technical-summary.pdf
Review of Card Payments Regulation - November 2019 | Consultations
10 Nov 2019
Consultations
Review of Card Payments Regulation
https://www.rba.gov.au/publications/consultations/201911-review-of-card-payments-regulation.html
Retail Payments Regulation and Policy Issues
14 Sep 2017
PSB Annual Report
– 2017
A public consultation was held in response to concerns about possible restrictions on the ability of card issuers and mobile wallet providers to enable both networks on dual-network debit cards ... In 2013, the Bank had received voluntary undertakings by
https://www.rba.gov.au/publications/annual-reports/psb/2017/retail-payments-regulation-and-policy-issues.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
The Australian Debit Card Market: Default Settings and Tokenisation
19 Jun 2023
Consultations
PDF
397KB
Australia’s debit card market. The key issues are:. 1. The practice of a default routing network being set at issuance on dual-network debit cards. ... 2. Setting a default network on dual-network. debit cards. 2.1 Background.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202306-issues-paper-australian-debit-card-market.pdf
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf