Search: debit card
RBA Glossary definition for debit card
debit card – A debit card is a card that enables the holder to access funds in a deposit account at an authorised deposit-taking institution.
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Background to Reforms | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
The two debit card systems operate alongside a number of other retail payment systems including credit and charge cards, direct credits, direct debits, BPAY, cheques and cash. ... Moreover, merchants are charged the same fee on both cards despite the
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/background.html
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
The Board has also actively encouraged reforms in the Australian debit card network. ... The network structure and the direction of debit card interchange fee flows in Australia is unique.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html
Other Retail Payments Developments
12 Sep 2014
PSB Annual Report
– 2014
The pricing of debit cards to consumers is less clear than credit cards because debit card services are generally bundled with a range of transaction and account services. ... These cards are largely promoted as enabling the cardholder to load foreign
https://www.rba.gov.au/publications/annual-reports/psb/2014/other-ret-pay-dev.html
Expectations for Tokenisation of Payment Cards and Storage of PANs
19 Dec 2023
When a merchant or payment service provider chooses network tokenisation for a dual network debit card (DNDC), tokens should be requested and stored for both the domestic and international networks, where ... Merchants and payment service providers that
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/index.html
Update on availability and enablement of least-cost routing for merchants - Data as at December 2023 (published February 2024)
27 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/update-on-implementation.html
Additional Submission on Reform of Debit Card Systems in Australia Proposed Scheme Debit Standard
7 Mar 2006
PDF
30KB
Submissions on Reform of Debit Card Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-debit/moneyswitch-070306.pdf
The Australian Debit Card Market: Default Settings and Tokenisation
28 Sep 2023
Consultations
PDF
404KB
particularly through ‘priority’ network settings on card chips.1. 2. The tokenisation of debit cards for the purpose of conducting online transactions. ... preferred debit card network through least-cost routing (LCR). The Board expects acquirers,.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202309-conclusions-paper-australian-debit-card-market.pdf
Attachment A | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
Reform of Debit Card Systems in Australia:. A Consultation Document – December 2005 Attachment A. ... debit card transaction’ or ‘transaction’ means a transaction in Australia using the EFTPOS system;.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-a.html
The Key Issues | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
the requirement (imposed by the international card schemes) that merchants accept scheme debit cards on the same terms as scheme credit cards, even though the two products offer potentially quite different ... Scheme debit, however, has a competitive
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/key-issues.html
Payments System Board Consultation on Card Surcharging
8 Jun 2011
Media Releases
At its meeting on 20 May, the Payments System Board decided to hold a public consultation on potential modifications to the ‘no-surcharge’ Standards that apply to the credit card and scheme debit card systems in Australia
https://www.rba.gov.au/media-releases/2011/mr-11-10.html