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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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
Review of Card Payments Regulation - November 2019 | Consultations
10 Nov 2019
Consultations
Review of Card Payments Regulation
https://www.rba.gov.au/publications/consultations/201911-review-of-card-payments-regulation.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
ATM. Automated teller machine. AUD. Australian Dollar. AusPayNet. Australian Payments Network. ... CS facility. Clearing and settlement facility. DNDC. Dual-network debit card. eftpos.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
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
Retail Payments Regulation and Policy Issues
14 Sep 2017
PSB Annual Report
– 2017
A public consultation was held in response to concerns about possible restrictions on the ability of card issuers and mobile wallet providers to enable both networks on dual-network debit cards ... In 2013, the Bank had received voluntary undertakings by
https://www.rba.gov.au/publications/annual-reports/psb/2017/retail-payments-regulation-and-policy-issues.html
Executive Summary | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/executive-summary.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
The main new policy measures in this area included:. An expectation that larger debit card issuers will continue to issue dual-network debit cards (DNDCs). ... The introduction of a sub-benchmark for interchange on single-network debit cards (SNDCs),
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Australian Dollar. AusPayNet. Australian Payments Network. AUSTRAC. Australian Transaction Reports and Analysis Centre. ... DNDC. Dual-network debit card. EMEAP. Executives' Meeting of East Asia-Pacific Central Banks.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
The Review has addressed a range of payments policy issues, including: how to support dual-network debit card (DNDC) issuance and the provision of least-cost routing (LCR); the levels of ... Visa and Mastercard introduced additional strategic merchant
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html