Search: dual-network card
RBA Glossary definition for dual-network card
dual-network card – A payment card that can be used to initiate transactions, typically from the same deposit account, for two different payment processing networks. For example, a debit card (sometimes also known as an ATM card) that can be used to make a payment via either the eftpos network or one of the international scheme networks. These cards usually have an international scheme logo (Mastercard or Visa) on one side and the eftpos logo on the other.
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Payments System Board Annual Report 2023
11 Oct 2023
PSB Annual Report
- 2023
PDF
2459KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/psb-annual-report-2023.pdf
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Monitor the outcomes for consumers and businesses following past reviews of the regulatory framework for card payments. ... In 2021/22, the Bank focused on:. least-cost routing (LCR) functionality, where merchants can choose to route transactions on
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
When paying with a card, Australians are increasingly choosing debit cards rather than credit cards. ... The decline in eftpos' market share can partly be attributed to the increasing use of contactless payments, given that the international schemes are
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
The Review has addressed a range of payments policy issues, including: how to support dual-network debit card (DNDC) issuance and the provision of least-cost routing (LCR); the levels of ... Visa and Mastercard introduced additional strategic merchant
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Domestic Regulatory Developments
21 Nov 2022
FSR
- October 2021
PDF
120KB
https://www.rba.gov.au/publications/fsr/2021/oct/pdf/04-regulatory-developments.pdf
Related Literature and Scope
31 Dec 2014
RDP
2014-14
Recent innovations have included:. The transition from using the magnetic stripe on cards to using chips for the storage of card details and transmission of these details to the terminal. ... In addition, lower-value payments often no longer require PIN
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html
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Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Retail Payments Regulation and Policy Issues
20 Sep 2018
PSB Annual Report
– 2018
Around four-fifths of debit cards issued in Australia are dual-network cards, which allow a payment to be processed via either eftpos or one of the two other debit card ... determine their preferred network to route contactless transactions for
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html
Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html