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RBA Glossary definition for NFC

NFC – Near Field Communication

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Card Payments

27 Nov 2023 RDP 2023-08
Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson
Mobile wallets allow in-person payments to be made by using the near field communication (NFC) functionality of the mobile device by tapping the device on or near a compatible terminal.
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
Mobile wallets allow in-person payments to be made by using the near field communication (NFC) functionality of the.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf

Visa Submission

28 Sep 2023 PDF 301KB
NFC). Currently, these transactions can be routed to either international payment. ... relevant NFC technology. In certain mobile wallets, the cardholder can specify the priority.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/visa.pdf

Australian CBDC Pilot for Digital Finance Innovation - Project Report

22 Aug 2023 PDF 1917KB
Australian CBDC Pilot for Digital Finance Innovation. PROJECT REPORTAUGUST 2023. 3 Executive Summary. 11 Introduction. 12 Pilot Set-up. 16 Use Case Findings. 26 Legal and Regulatory Findings. 29 Technical Findings. 32 Conclusion. 33 Glossary. 37
https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/pdf/australian-cbdc-pilot-for-digital-finance-innovation-project-report.pdf

The Australian Debit Card Market: Default Settings and Tokenisation

19 Jun 2023 Consultations PDF 397KB
NFC). The card can either be a physical card or a credential loaded onto a mobile wallet on a mobile. ... device that is equipped with the relevant NFC technology. Contactless transactions provide convenience.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202306-issues-paper-australian-debit-card-market.pdf

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

25 May 2023 Submissions
Another key technology that supports the use of NFC for mobile payments is tokenisation. ... German, Swiss and Dutch national authorities have also considered, or are considering, access issues related to NFC.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
These applications can be used to make contactless payments when shopping online, and at the point-of-sale using the near-field communication (NFC) or quick response (QR) code functionality of ... third-party access to technologies (such as the NFC chip)
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Issues for the Review | Review of Retail Payments Regulation – Issues Paper

9 Mar 2023
Review of Retail Payments Regulation – Issues Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/issues-for-the-review.html

Issues for the Review | Review of Card Payments Regulation

9 Mar 2023
device capable of making contactless transactions via Near Field Communication (NFC) or a QR code.
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/issues-for-review.html