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: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
Submissions on Consultation on Dual-Network Cards and Mobile Wallet Technology
9 Mar 2023
Payments System Board Submissions on Consultation on Dual-Network Cards and Mobile Wallet Technology
https://www.rba.gov.au/payments-and-infrastructure/submissions/dual-network-cards-mobile-wallet-technology/
3. Dual-network debit cards and least-cost routing | Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/dual-network-debit-cards-and-least-cost-routing.html
Regulatory Framework
9 Mar 2023
The Bank has also explicitly stated that it expects large and medium-sized card issuers to issue ‘dual-network’ debit cards (DNDCs), which allow domestic debit payments to be processed via ... The Bank also introduced an expectation that all debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/regulatory-framework.html
Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation October 2021. Conclusions Paper. Download the complete Document 1.7. MB. Reserve Bank of Australia 2021. All rights reserved. The contents of this publication shall not be reproduced, sold or distributed without
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/index.html
Issues for the Review | Review of Card Payments Regulation
9 Mar 2023
One concern that may arise with dual-network cards is that networks may seek to implement scheme rules that prevent a card-issuing institution from including payment functionality from another network ... In particular, it removes the need (and the option
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/issues-for-review.html
Executive Summary | Review of Retail Payments Regulation – Consultation Paper
9 Mar 2023
Review of Retail Payments Regulation – Consultation Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/consultation-paper-202105/executive-summary.html
The Bank's Card System Reforms | Review of Card Payments Regulation
9 Mar 2023
The Bank has also been involved in negotiations with the three debit networks (eftpos, MasterCard and Visa) regarding issues concerning dual-network debit cards – that is cards issued by banks and ... dual-network arrangements as card transactions
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/banks-card-system.html
Executive Summary | Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/executive-summary.html
Submissions on Review of Retail Payments Regulation
9 Mar 2023
Payments System Board Submissions on Review of Retail Payments Regulation
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/index.html