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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The Payments System Board's Announcements and Reserve Bank Reports
14 Sep 2017
PSB Annual Report
– 2017
Card Payments and the Retail Sector’, Malcolm Edey, Australian Financial Review Retail Summit, 28 September 2016. ... Dual-Network Cards and Mobile Wallet Technology: Consultation Paper, Reserve Bank of Australia, Sydney, December 2016.
https://www.rba.gov.au/publications/annual-reports/psb/2017/boards-announcements-and-reserve-bank-reports.html
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
than twice that on debit cards, reflecting the larger average value of a credit card transaction. ... They are now able to obtain a card with an interest rate of 10 to 13 per cent, rather than the 16 to 18 per cent payable on traditional cards.
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.html
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
This has encouraged some card issuers to focus more on attracting customers who use their credit cards to borrow, by offering them lower interest rates. ... Scheme debit cards use the processing infrastructure of the international card schemes, and can
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
MasterCard has also introduced a chip rate for its debit cards, applicable when a card with a chip is used in a terminal that is not chip enabled. ... There is, however, wide variation between card types. Cards in the small, but relatively fast-growing,
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
Debit Cards
20 Sep 2005
PSB Annual Report
– 2005
The first is that it requires merchants to accept Visa cards regardless of which bank or financial institution issued the card. ... By insisting that merchants who accept Visa credit cards accept Visa-branded credit cards regardless of the issuer, the
https://www.rba.gov.au/publications/annual-reports/psb/2005/debit-cards.html
Regulation of Card Payment Systems
11 Sep 2008
PSB Annual Report
– 2008
responsible for any reduction in investment in Australia's credit card or EFTPOS systems. ... Many submissions, however, expressed concerns about further modifications to the honour-all-cards rule to allow merchants to make separate acceptance decisions
https://www.rba.gov.au/publications/annual-reports/psb/2008/card-payments.html
The Evolving Retail Payments Landscape
27 Sep 2023
PSB Annual Report
– September 2023
The Evolving Retail Payments Landscape | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/the-evolving-retail-payments-landscape.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Under this standard, the designated credit card schemes of Visa and MasterCard are not permitted to prohibit merchants from passing on the cost of accepting credit cards to customers that use ... One motivation for these arrangements from the banks'
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
At a Glance
27 Sep 2023
PSB Annual Report
– 2023
https://www.rba.gov.au/publications/annual-reports/psb/
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
the international card schemes (MasterCard and Visa) have regulations that prevent merchants recovering from cardholders the cost of accepting credit cards; and. ... Recent data show that, from a merchant's perspective, credit card transactions cost
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html