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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Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation
28 May 2021
Media Releases
At its meeting on 21 May, the Payments System Board approved a consultation on a proposed package of policy actions related to the Bank's retail payments regulation. The Bank has today released a Consultation Paper setting out the proposed policy
https://www.rba.gov.au/media-releases/2021/mr-21-08.html
Payments System Board Update: February 2021 Meeting
19 Feb 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank�s review of retail payments regulation and the Treasury review of the Australian payments system, cyber risks in the Australian payments system, operational incidents at the ASX,
https://www.rba.gov.au/media-releases/2021/mr-21-02.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
Review of Retail Payments Regulation – Issues Paper
29 Nov 2019
Media Releases
The Payments System Board’s Review of Retail Payments Regulation has commenced with the release of an Issues Paper
https://www.rba.gov.au/media-releases/2019/mr-19-32.html
Payments System Board Update: May 2019 Meeting
24 May 2019
Media Releases
Least-cost routing of debit card transactions. The Board has been supportive of dual-network debit cards because they provide convenience and choice to both consumers and merchants and can help ... The Board stressed that the benefits to competition from
https://www.rba.gov.au/media-releases/2019/mr-19-13.html
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
Payments System Board Update: May 2018 Meeting
18 May 2018
Media Releases
At its meeting today, the Payments System Board reviewed industry progress on providing merchants with the ability to route contactless debit card transactions to their lowest-cost processing network. Least-cost routing (LCR), or merchant routing,
https://www.rba.gov.au/media-releases/2018/mr-18-12.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: 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