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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Stripe Response to RBA Consultation on DNDC and Tokenization 2023
28 Sep 2023
PDF
219KB
Tokenization of dual-network debit cards. Introduction. Stripe is writing in response to the Reserve Bank of Australia’s (RBA’s) Issues Paper on ‘TheAustralian Debit Card Market: Default Settings and ... We share the view that tokenization of
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/stripe.pdf
Visa Submission
28 Sep 2023
PDF
301KB
card issuance, and best practices for the tokenisation of Dual Network Debit Cards (DNDCs) for. ... transactions made with Dual Network Debit Cards (DNDCs) have ‘default routing’ to international.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/visa.pdf
MRC Submission
28 Sep 2023
PDF
181KB
Payment Card Industry Data Security Standards (PCI DSS) were introduced to resolve this very issue. ... Eftpos – Regarding dual network debit card routing, if eftpos does not have a tokenization solution available by the end of 2024, what does that
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/mrc.pdf
ABA submission
28 Sep 2023
PDF
303KB
ABA is responding to the proposal to ban the setting of a default network on dual-network debit cards (DNDC). ... By comparison, ABA understands the proposal to remove default priority on DNDCs would apply to payments made using a physical dual-network
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aba.pdf
AusPayNet Submission
28 Sep 2023
PDF
278KB
The implementation of merchant-choice routing for contactless dual-network debit card (DNDC). ... time-consuming than a card insert flow (tap card once, cardholder selects preferred network,.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/auspaynet.pdf
Law Council of Australia
28 Sep 2023
PDF
176KB
Background 3. The Issues Paper seeks stakeholders’ views on:. (a) the benefits and costs of actions to prohibit the practice of a default routing network being set at issuance on ... network debit cards; and.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/law-council-of-australia.pdf
Australian Small Business and Family Enterprise Ombudsman Submission
28 Sep 2023
PDF
180KB
default settings for dual-network debit cards (DNDCs), which seek to enhance the competitiveness, efficiency and safety of Australia’s debit card market. ... A further action to address the Bank’s concerns regarding default settings on dual-network
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/australian-small-business-and-family-enterprise-ombudsman.pdf
Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
ATM. Automated teller machine. AUD. Australian Dollar. AusPayNet. Australian Payments Network. ... CS facility. Clearing and settlement facility. DNDC. Dual-network debit card. eftpos.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html