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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Card Payments
27 Nov 2023
RDP
2023-08
In the 2022 CPS the Reserve Bank included some new questions to gauge consumer awareness of dual network debit cards (DNDCs). ... DNDCs, also called ‘co-badged’ or ‘multi-network’ cards, have access to two debit payment networks on the one card.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
Keywords: consumer payment choice, consumer survey, dual network debit cards, method of payment, payment systems. ... 5.4 Surcharging of card transactions 27. 5.5 Dual network debit cards 29.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions
19 May 2023
Submissions
According to data published by APCA, total losses from fraudulent debit, credit and charge card transactions on cards issued and/or acquired in Australia amounted to $465 million in 2014/15, ... for both schemes on a card issued with dual-network
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html
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
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
Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions
19 May 2023
Submissions
Graph 1. In the Australian card payment market, a significant number of debit cards on issue are ‘dual-network’ cards. ... The Bank has previously expressed its support for the issuance of dual-network cards, noting its benefits for cardholder
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.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
Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions
6 Sep 2017
Submissions
In 2016–17, the Bank undertook a public consultation in response to concerns about possible restrictions by schemes on the use of dual-network cards in mobile wallets (RBA 2016a). ... As noted above, one element of the undertakings provided by the
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html
Related Literature and Scope
31 Dec 2014
RDP
2014-14
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 require PIN
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html
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References | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions
6 Sep 2017
Submissions
RBA (2013), ‘Dual-network Debit Cards’, Media Release No 2013-16, 21 August. ... RBA (2016a), ‘Dual-Network Cards and Mobile Wallet Technology’, December. RBA (2016b), ‘Review of Card Payments Regulation: Conclusions Paper’, May.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/references.html