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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.

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Retail Payments November 2023

9 Jan 2024 Statistics
Debit. eftpos. 0.28. –. –. 0.34. Mastercard. 0.51. 0.45. –. 0.51.
https://www.rba.gov.au/statistics/frequency/retail-payments/2023/retail-payments-1123.html

Payments System

4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html

Expectations for Tokenisation of Payment Cards and Storage of PANs

21 Dec 2023 Media Releases
The Bank has released a final set of expectations for the Tokenisation of Payment Cards and Storage of PANs, aimed at improving security, efficiency and competition for online card payments.
https://www.rba.gov.au/media-releases/2023/mr-23-37.html

Consultations

21 Dec 2023
Links to Consultations
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consultations.html

Expectations for Tokenisation of Payment Cards and Storage of PANs

19 Dec 2023
The rollout of the eftpos eCommerce core tokenisation service is to be completed by the end of March 2024, with an expansion of capability to support token portability and token synchronisation ... The eftpos, Mastercard and Visa card schemes should each
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/index.html

Feedback received on Conclusions Paper: The Australian Debit Card Market: Default Settings and Tokenisation

19 Dec 2023
On the expectation regarding the rollout of eftpos eCommerce tokenisation service by the end of March 2024, one stakeholder sought clarity on whether this initial offering would include functionalities to meet
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/feedback-conclusions-paper-the-aus-debit-card-market-default-settings-and-tokenisation.html

Reforms to the Payment Systems (Regulation) Act 1998

1 Dec 2023 Submissions PDF 446KB
Submission to Consultation on Exposure Draft Legislation
https://www.rba.gov.au/publications/submissions/payments-system/pdf/reforms-to-the-payment-systems-regulation-nov-2023.pdf

Appendix A: Survey Methodology

27 Nov 2023 RDP 2023-08
Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson
e.g. eftpos, Mastercard, Visa, Unionpay). Please do not check your ATM/debit cards when answering this question. ... On the back of the card: eftpos [logo shown]. Yes. No GO TO Q8.1.
https://www.rba.gov.au/publications/rdp/2023/2023-08/appendix-a.html
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Managing Potential Conflicts of Interest Arising from the Bank's Commercial Activities

23 Nov 2023
The Reserve Bank's policies for dealing with potential conflicts of interest arising from its roles as the principal regulator of the payments system and as provider of banking services to the Australian Government
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/conflict-of-interest.html

The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey

21 Nov 2023 RDP PDF 2354KB
The Evolution of Consumer Payments in Australia: Results from the. 2022 Consumer Payments Survey. Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson. Research Discussion Paper. R DP 2023- 08. Figures in this publication were
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf