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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

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

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

Innovation and Regulation in the Australian Payments System

6 Dec 2020 Speech PDF 181KB
1. interchange fee regulation. 2. dual-network debit cards and least-cost routing. ... Dual-network debit cards and least-cost routingThe second issue is dual-network debit cards and least-cost routing.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-12-07.pdf

Payments System Board Update: November 2022 Meeting

24 Nov 2022 Media Releases
At its meeting today, the Payments System Board discussed the recent technology outage at the Bank, ASX CHESS replacement, cyber resilience at payments and market infrastructures, payments reforms including common access requirements, least-cost
https://www.rba.gov.au/media-releases/2022/mr-22-39.html

11/12/2019 What's on the Cards? | Speeches ...

11 Dec 2019 PDF 156KB
Accordingly, the Issues Paper devotes a fair bit of attention to least-cost routing and dual-networkdebit cards. ... More broadly,we are also asking for stakeholder views on dual-network debit cards, and the implications of theongoing shift in card
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-12-10.pdf

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

Domestic Regulatory Developments

8 Oct 2021 FSR – October 2021
The Bank issued a consultation paper presenting preliminary conclusions in May 2021, which covered: issuance of dual-network debit cards and promotion of ‘least-cost routing’ of debit card transactions; debit ... card interchange fees; transparency
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html

Payments System Board Update: February 2022 Meeting

17 Feb 2022 Media Releases
Today’s Payments System Board meeting discussed payments system regulatory reforms, systemically important payment systems, critical infrastructure reforms, banknote distribution arrangements and CBDC developments.
https://www.rba.gov.au/media-releases/2022/mr-22-03.html

Payments System Board Update: August 2022 Meeting

25 Aug 2022 Media Releases
Today’s Payments System Board meeting discussed the Bank’s assessment of the ASX clearing and settlement facilities and oversight of international facilities, least-cost routing, payments reforms including industry standard setting bodies,
https://www.rba.gov.au/media-releases/2022/mr-22-27.html