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RBA Glossary definition for IT

IT – Information Technology

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The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper

8 May 2024 Submissions
It is generally accepted that operations of central counterparties and settlement systems are characterised by high fixed costs and low marginal transaction costs. ... These systems are costly to establish, requiring sophisticated IT, communications and
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html

Submission to the Inquiry into the Adequacy and Efficacy of Australia's AML/CTF Regime – August 2021 | Financial Sector | Submissions

1 Jul 2014 Submissions
The available evidence suggests that, for several years, specialised money transfer operators (MTOs) servicing the South Pacific have found it difficult to obtain or retain bank accounts with Australian banks. ... It would be of particular value to a
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime-2021-08/index.html

The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2007 | Payments System | Submissions

8 May 2024 Submissions
While the Reserve Bank does not share the ABA's view that the current EFT Code requires disclosure by the cardholder's bank of ATM direct charges, it recognises that this ... The first is clause 2.3 which states:. ‘Account institutions will ensure that,
https://www.rba.gov.au/publications/submissions/payments-system/asic-review-of-eft-code-of-conduct/index.html

Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee – February 2024 | Payments System …

23 Feb 2024 Submissions
The way Australians make payments has changed significantly since the existing regulatory frameworks were put in place, and it is important that regulation is able to adapt to new developments and
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/index.html

Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2020 | Responses and…

8 May 2024 Submissions
It would be costly in financial terms and quite risky from both a financial and technology perspective. ... It remains to be seen if it will gain regulatory approval and become operational.
https://www.rba.gov.au/publications/submissions/payments-system/supplementary-submission-technology-12-2020/index.html

Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions

8 May 2024 Submissions
While the Bank supports the initiative, it is conscious that the industry will need to plan carefully to avoid disruption for online merchants and consumers. ... It is important that such an industry initiative does not competitively disadvantage some
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html

Submission to the Australian Competition and Consumer Commission – April 2024 | Submissions Payments System

8 May 2024 Submissions
The RBA supports the ABAs application, because it will enable discussions, agreements and implementation of business continuity measures in the event of a suspension, disruption or exit of Armaguards ... The submission provides the RBA perspective based
https://www.rba.gov.au/publications/submissions/payments-system/accc-on-aba-cash-in-transit-application-04-2024/index.html

Applications for Authorisation in Relation to PIN@POS – July 2016 | Payments System | Submissions

8 May 2024 Submissions
It is particularly important that the campaign does not give the impression that the only way of making a secure transaction is via the combination of the ‘CR’ button and PIN.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-07/index.html

Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions

8 May 2024 Submissions
The Bank is a strong supporter of the Consumer Data Right (CDR) in the banking sector, where it is known as Open Banking. ... It is also important that consumers have good visibility over all authorisations in place and the ability to easily cancel any
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html

Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

8 May 2024 Submissions
In that submission, the Bank noted that, on balance, it supported the granting of interim authorisation for that purpose. ... It should be apparent to cardholders that the initiative only relates to the cards of the schemes participating in the campaign.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html