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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PSB Board Annual Report 2019
20 May 2020
Annual Report
PDF
3893KB
https://www.rba.gov.au/publications/annual-reports/psb/2019/pdf/2019-psb-annual-report.pdf
RBA Payments System Board 2018 Annual Report
10 Feb 2020
Annual Report
PDF
7554KB
When a dual-network debit card is presented in a contactless transaction, it is important that the merchant is able to accept the payment via the lower-cost network. ... Bank staff meet regularly with senior staff of the Australian Payments Network
https://www.rba.gov.au/publications/annual-reports/psb/2018/pdf/2018-psb-annual-report.pdf
Payments System Board Annual Report 2022
27 Sep 2022
PSB Annual Report
- 2022
PDF
2830KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/psb-annual-report-2022.pdf
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
With the majority of debit cards on issue in Australia being dual-network cards and there being a significant increase in the share of debit card transactions over the past decade, ... From July 2020, eftpos introduced new ‘package rate’ interchange
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Governor's Foreword
20 Sep 2018
PSB Annual Report
– 2018
the debit card market and thereby holding down payment costs in the economy. ... When a dual-network debit card is presented in a contactless transaction, it is important that the merchant is able to accept the payment via the lower-cost network.
https://www.rba.gov.au/publications/annual-reports/psb/2018/governors-foreword.html
Payments System Board Annual Report 2020
14 Oct 2020
PSB Annual Report
2020
PDF
7381KB
https://www.rba.gov.au/publications/annual-reports/psb/2020/pdf/2020-psb-annual-report.pdf
About the Payments System Board
8 Oct 2023
PSB Annual Report
- 2023
PDF
829KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/about-the-payments-system-board.pdf
Reserve Bank of Australia Annual Report 2021
29 Sep 2022
RBA Annual Report
2021
PDF
6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf
Annual Performance Statement
21 Oct 2021
RBA Annual Report
– 2021
Complete an upgrade of RITS hardware and network infrastructure by end of June 2021. ... The multi-year refresh of core RITS network and application infrastructure was completed in 2020/21.
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
The Reserve Bank successfully encouraged industry progress on providing merchants with the ability to route contactless dual-network debit card transactions to their lowest-cost processing network, known as least-cost ... LCR is aimed at increasing
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html