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 Update: August 2022 Meeting
25 Aug 2022
Media Releases
Today’s Payments System Board meeting discussed the Bank’s assessment of the ASX clearing and settlement facilities and oversight of international facilities, least-cost routing, payments reforms including industry standard setting bodies,
https://www.rba.gov.au/media-releases/2022/mr-22-27.html
Innovation and Regulation in the Australian Payments System
6 Dec 2020
Speech
PDF
181KB
1. interchange fee regulation. 2. dual-network debit cards and least-cost routing. ... Dual-network debit cards and least-cost routingThe second issue is dual-network debit cards and least-cost routing.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-12-07.pdf
13/12/2017 Merchant Payment Costs and Least-cost Routing | Speeches ...
13 Dec 2017
PDF
291KB
However, when card-issuingbanks send out dual-network debit cards they are programmed with the international scheme as thefirst-priority network for contactless use and the eftpos network as second priority. ... They have alsonoted that the international
https://www.rba.gov.au/speeches/2017/pdf/sp-so-2017-12-13.pdf
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
Payments System Board Update: November 2020 Meeting
20 Nov 2020
Media Releases
Today’s Payments System Board meeting discussed the Bank’s review of the retail payments regulation, Treasury’s forthcoming review of the Australian payments system, the involvement of ‘bigtech’ firms in the payments industry, the Bank’s
https://www.rba.gov.au/media-releases/2020/mr-20-30.html
Media Releases – 2016
31 Dec 2016
Media releases
issued in 2016
https://www.rba.gov.au/media-releases/2016/
Opening Panel Remarks on the Regulatory Landscape for Payments
27 Nov 2018
Speech
Speech delivered by Tony Richards, Head of Payments Policy, to the Australian Payment Summit, Sydney
https://www.rba.gov.au/speeches/2018/sp-so-2018-11-27.html
Leaning In: Towards Better Payment and Clearing Systems
17 May 2019
Speech
PDF
401KB
Most debit cards in Australia are dual-network cards. That is, payments made using these cards canbe processed across two networks. ... The move to contactless payments (‘tap-and-go’), however, has muted some of the competitivepressures that can come
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-05-16.pdf
Payments System Board Update: August 2018 Meeting
24 Aug 2018
Media Releases
At its meeting today, the Payments System Board discussed issues including the 2018 assessment of the ASX Clearing and Settlement Facilities, the ASX CHESS replacement consultation, the Productivity Commission's Final Report on Competition in the
https://www.rba.gov.au/media-releases/2018/mr-18-19.html
Media Releases – 2013
31 Dec 2013
Media releases
issued in 2013
https://www.rba.gov.au/media-releases/2013/