Search: EFTPOS
RBA Glossary definition for EFTPOS
EFTPOS – electronic funds transfer at point of sale. The eftpos system is a domestic debit card system managed by eftpos Payments Australia Limited.
Search Results
Applications for Authorisation in Relation to PIN@POS – July 2016 | Payments System | Submissions
8 May 2024
Submissions
In contrast, fraud losses on eftpos and ATM transactions have remained low by comparison. ... The low level of fraud losses in the eftpos system has typically been attributed to mandatory PIN use, along with the fact that the eftpos network cannot be
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-07/index.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
BPAY and eftpos, initiated a process to explore whether some form of cooperation or consolidation might improve efficiency and innovation. ... In December, NPPA, BPAY and eftpos jointly announced a plan to amalgamate under a new company with a single
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions
8 May 2024
Submissions
Dual-network cards allow cardholders to process transactions through the eftpos system by pressing ‘CHQ’ or ‘SAV’ (cheque or savings) account buttons on a point-of-sale terminal, or alternatively through ... a PIN-initiated eftpos transaction) on
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
eftpos) system were around 41 cents for that same transaction, but the cardholder faced a positive price of up to 60 cents. ... The effect of these relative prices was that it was likely that consumers were using credit cards more frequently, and eftpos
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Introduction
8 May 2024
Submissions
The vast majority of Australians have access to a wide network of fee-free ATMs and around 80 per cent of cash withdrawals (including eftpos cash-outs) do not attract a
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/introduction.html
Retail Payments March 2024
3 May 2024
Statistics
Debit. eftpos. 0.31. -. -. 0.29. Mastercard. 0.51. 0.45. -. 0.51.
https://www.rba.gov.au/statistics/frequency/retail-payments/2024/retail-payments-0324.html
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
358KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf
Publications | Payments & Infrastructure Resources
23 Apr 2024
A list of useful Australian publications on payments issues
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/
The Effect of Least-cost Routing on Merchant Payment Costs
18 Apr 2024
Bulletin
– April 2024
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html