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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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
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
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
22 Nov 2023
RDP
PDF
143KB
RDP 2023-08 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-08/rdp-2023-08-read-me.pdf
Media Releases – 2016
31 Dec 2016
Media releases
issued in 2016
https://www.rba.gov.au/media-releases/2016/
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
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
Non-technical summary for 'The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey'
20 Nov 2023
RDP
PDF
283KB
RDP 2023-08 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-08/rdp-2023-08-non-technical-summary.pdf
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
Leaning In: Towards Better Payment and Clearing Systems
17 May 2019
Speech
PDF
401KB
Most debit cards in Australia are dual-network cards. That is, payments made using these cards canbe processed across two networks. ... The move to contactless payments (‘tap-and-go’), however, has muted some of the competitivepressures that can come
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-05-16.pdf