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: 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
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
Consultation and Next Steps | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016
10 Dec 2016
Consultations
Dual-Network Cards and Mobile Wallet Technology 5. Consultation and Next Steps.
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/consultation-and-next-steps.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: 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
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
Bulletin
17 Apr 2024
Bulletin
- April 2024
PDF
7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf
13/12/2017 Merchant Payment Costs and Least-cost Routing | Speeches ...
13 Dec 2017
PDF
291KB
However, when card-issuingbanks send out dual-network debit cards they are programmed with the international scheme as thefirst-priority network for contactless use and the eftpos network as second priority. ... They have alsonoted that the international
https://www.rba.gov.au/speeches/2017/pdf/sp-so-2017-12-13.pdf
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
Dual-network debit cards have access to two networks – the domestic eftpos scheme and one of the two international schemes, Debit Mastercard and Visa Debit. ... The Board also stressed that the benefits to competition from LCR should not be prevented
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Payments System Board Update: November 2020 Meeting
20 Nov 2020
Media Releases
Today’s Payments System Board meeting discussed the Bank’s review of the retail payments regulation, Treasury’s forthcoming review of the Australian payments system, the involvement of ‘bigtech’ firms in the payments industry, the Bank’s
https://www.rba.gov.au/media-releases/2020/mr-20-30.html