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 & Infrastructure Resources – Media Releases
30 Aug 2023
Media releases relating to the Payments System
https://www.rba.gov.au/payments-and-infrastructure/resources/media-releases.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
Panic, Pandemic and Payment Preferences
3 Jun 2020
Speech
Speech delivered by Michele Bullock, Assistant Governor (Financial System), Morgan Stanley Disruption Evolved Webcast, Sydney
https://www.rba.gov.au/speeches/2020/sp-ag-2020-06-03.html
Mobile Wallet Technology | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016
10 Dec 2016
Consultations
Dual-Network Cards and Mobile Wallet Technology 3. Mobile Wallet Technology. Consultation Paper. ... However, equivalent processes can be followed where the card is a dual-network card.
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/mobile-wallet-technology.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
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
List of tables
20 Sep 2018
PSB Annual Report
– 2018
Number. Value. $. Number. Value. Number. Value. Cards. 73.5. 5.4. 68. ... 0.0 to 3.6. 1.8 to 9.1. Dual network. 4.5. 4.5. Strategic categories.
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html
Publications | Payments & Infrastructure Resources
30 May 2023
A list of useful Australian publications on payments issues
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/
The Evolution of Payment Costs in Australia
11 Apr 2019
RDP
PDF
1298KB
Recent innovations have included:. • The transition from using the magnetic stripe on cards to using chips for the storage of card details and transmission of these details to the terminal. • ... In addition, lower-value payments often no longer
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf
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