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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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The Evolving Retail Payments Landscape

27 Sep 2023 PSB Annual Report – September 2023
The Evolving Retail Payments Landscape | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/the-evolving-retail-payments-landscape.html

Competition and Efficiency

24 Mar 2003 PSB Annual Report – 2002
In the mid 1990s, the birth of Internet commerce and the commercialisation of smart cards were widely perceived to be leading towards an electronic payments revolution. ... High-profile trials of products such as the Mondex ‘electronic purse’ (a smart
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html

Competition and Efficiency

11 Nov 2004 PSB Annual Report – 2004
One motivation for these arrangements from the banks' perspective is to move customers who accumulate very high reward points on their conventional credit card programs to different cards. ... Electronic cash and smart cards are examples of purchased
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html

Competition and Efficiency

21 Mar 2002 PSB Annual Report – 2001
In the consumer area, a compelling case for smart cards and ‘electronic cash’ remains elusive. ... These products are examples of purchased payment facilities, which consumers pay for in advance and use to make various types of payments; smart cards,
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html

Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper

8 May 2024 Submissions
The Explanatory Memorandum for the PSRA refers to a payment system as one that ‘covers the system of payment instruments (cash, cheques, smart cards among others), their delivery, the exchange or
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-april-2023/index.html

The Cost of Card Payments for Merchants

15 Sep 2022 Bulletin – September 2022
Troy Gill, Cara Holland and Georgia Wiley
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html

Competition and Efficiency

1 Oct 2000 PSB Annual Report – 2000
schedules. Purchased payment facilities, such as smart cards and electronic cash, are facilities which consumers pay for in advance and use to make various types of payments. ... Australian banks have conducted limited trials of general purpose smart
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html

Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 Submissions
and credit cards, meaning NFC payments can generally be accepted by any card terminal that accepts contactless payments with a plastic card. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Measuring Productivity in the Australian Banking Sector | Conference – 1995

10 Jul 1995 Conferences
Alan Oster and Lawrence Antioch
This has been manifested in ATMs and credit cards, and more recently, the widespread installation of EFTPOS and the introduction of debit and smart cards.
https://www.rba.gov.au/publications/confs/1995/oster-antioch.html

Innovation

1 Nov 1984 RDP 8402
Lindsay F. Boulton and Warren J. Tease
COSTELLO, J. “‘Smart Card’ Goes Ahead in France: A Microprocessor in Plastic Pays the Bills”. ... No. 3, 1980, pp.27–30. MAYER, M. “Here Comes the Smart Card”.
https://www.rba.gov.au/publications/rdp/1984/8402/innovation.html
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