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RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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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
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Payments System Board Update: May 2022 Meeting
26 May 2022
Media Releases
Today’s Payments System Board meeting discussed banknote distribution arrangements, the ASX’s CHESS replacement program, payments system regulatory reforms, stablecoin developments, merchant payment costs and the annual assessment of Australia's
https://www.rba.gov.au/media-releases/2022/mr-22-13.html
Payments System Board Update: February 2022 Meeting
17 Feb 2022
Media Releases
Today’s Payments System Board meeting discussed payments system regulatory reforms, systemically important payment systems, critical infrastructure reforms, banknote distribution arrangements and CBDC developments.
https://www.rba.gov.au/media-releases/2022/mr-22-03.html
The Operation of the Interchange Standards: Conclusions and Variation of Standards
31 May 2019
Media Releases
The Reserve Bank has issued a Media Release The Operation of the Interchange Standards: Conclusions.
https://www.rba.gov.au/media-releases/2019/mr-19-14.html
Payments System Board Update: February 2019 Meeting
25 Feb 2019
Media Releases
At its meeting on Friday 22 February 2019, the Payments System Board discussed a number of issues, including the annual assessment of CME Inc., the recent default at Nasdaq Nordic, a consultation on migration to ISO20022 message formats,
https://www.rba.gov.au/media-releases/2019/mr-19-03.html
Payments System Board Update: February 2018 Meeting
23 Feb 2018
Media Releases
At its meeting today, the Payments System Board considered issues including the public launch of the New Payments Platform, least-cost routing of transactions on contactless debit cards, card-not-present fraud, technology and the evolving nature of
https://www.rba.gov.au/media-releases/2018/mr-18-04.html
Payments System Board Update: November 2017 Meeting
17 Nov 2017
Media Releases
At its meeting today, the Payments System Board discussed issues including the cost of payments to merchants, trends in card fraud, developments in the ATM industry and the assessment of LCH Ltd's SwapClear Service.
https://www.rba.gov.au/media-releases/2017/mr-17-24.html
Payments System Board Update: August 2017 Meeting
18 Aug 2017
Media Releases
At its meeting today, the Payments System Board discussed a number of issues, including relating to the ATM industry, digital currencies and digital identity, the annual assessment of the ASX's clearing and settlement facilities, and its forthcoming
https://www.rba.gov.au/media-releases/2017/mr-17-17.html
Payments System Board Update: May 2017 Meeting
19 May 2017
Media Releases
At its meeting today, the Payments System Board discussed the Bank's recent consultation on dual-network cards and mobile wallet technology and issues relating to customer access to and sharing of banking and payments data.
https://www.rba.gov.au/media-releases/2017/mr-17-10.html