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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Household and Business Finances
12 Apr 2019
FSR
– April 2019
More recently, the introduction of comprehensive credit reporting from September 2018 for credit cards is enabling banks to see more complete information on borrowers' credit and store card debts and limits. ... Since credit assessments are based on
https://www.rba.gov.au/publications/fsr/2019/apr/household-business-finances.html
Regulatory Developments
12 Apr 2019
FSR
– April 2019
A pilot of open banking is due to be launched in July 2019, with sharing of consumer data on credit and debit cards and deposit and transaction accounts, expected by February ... This is in addition to the Consultation Network established by IOSCO to
https://www.rba.gov.au/publications/fsr/2019/apr/regulatory-developments.html
Box B: The Impact of Lending Standards on Loan Sizes
20 Oct 2018
FSR
– October 2018
The NIS also factors in the broader financial situation of the borrower, including tax liabilities and required repayments on credit cards or other loans. ... The NIS test also factors in potential repayment obligations from the full credit limits of
https://www.rba.gov.au/publications/fsr/2018/oct/box-b.html
Box B: Recent Trends in Personal Credit
10 Apr 2018
FSR
– April 2018
Most cardholders are increasingly using credit cards for transactional purposes rather than for borrowing. ... cards as a means of financing purchases that are paid off over time.
https://www.rba.gov.au/publications/fsr/2018/apr/box-b.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
This recent improvement was driven by a decline in credit card NPLs. ... Other notable revisions to credit risk would include materially raising risk weights on credit cards for IRB banks, simplifying the capital treatment of small and medium enterprise
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
Box D: The New Payments Platform and Fast Settlement Service
10 Apr 2018
FSR
– April 2018
The NPP network, switching capability (enabled by payment gateways) and addressing service comprise an industry utility, NPP Australia Limited, owned by its shareholder participants. ... For example, a business could wait up to a few days to receive
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html
Developments in the Financial System Architecture
20 Oct 2016
FSR
– October 2016
In addition, the Reserve Bank released the conclusions of its Review of Card Payments Regulation, with reforms announced that relate to surcharging, interchange fees and competition. ... In May, the Bank published the conclusions to its Review of Card
https://www.rba.gov.au/publications/fsr/2016/oct/dev-fin-sys-arch.html
Developments in the Financial System Architecture
13 Oct 2016
FSR
October 2016
PDF
158KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/dev-fin-sys-arch.pdf
Financial Stability Review October 2016
13 Oct 2016
FSR
October 2016
PDF
6509KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/financial-stability-review-2016-10.pdf
Developments in the Financial System Architecture
20 Apr 2016
FSR
– April 2016
The Government also supported the PSB progressing its Review of Card Payments Regulation. ... As discussed in previous Reviews, the PSB has been undertaking a review of the framework for the regulation of card payments.
https://www.rba.gov.au/publications/fsr/2016/apr/dev-fin-sys-arch.html