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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Publications | Payments & Infrastructure Resources
23 Apr 2024
A list of useful Australian publications on payments issues
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/
Payments & Infrastructure Resources – Media Releases
23 Apr 2024
Media releases relating to the Payments System
https://www.rba.gov.au/payments-and-infrastructure/resources/media-releases.html
The Effect of Least-cost Routing on Merchant Payment Costs
18 Apr 2024
Bulletin
– April 2024
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html
Consultations
4 Apr 2024
Consultations
Index of Consultations
https://www.rba.gov.au/publications/consultations/
Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html
Expectations for Tokenisation of Payment Cards and Storage of PANs
21 Dec 2023
Media Releases
The Bank has released a final set of expectations for the Tokenisation of Payment Cards and Storage of PANs, aimed at improving security, efficiency and competition for online card payments.
https://www.rba.gov.au/media-releases/2023/mr-23-37.html
Consultations
21 Dec 2023
Links to Consultations
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consultations.html
Expectations for Tokenisation of Payment Cards and Storage of PANs
19 Dec 2023
When a merchant or payment service provider chooses network tokenisation for a dual network debit card (DNDC), tokens should be requested and stored for both the domestic and international networks, where ... These minimum requirements should be at least
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/index.html
Card Payments
27 Nov 2023
RDP
2023-08
In the 2022 CPS the Reserve Bank included some new questions to gauge consumer awareness of dual network debit cards (DNDCs). ... DNDCs, also called ‘co-badged’ or ‘multi-network’ cards, have access to two debit payment networks on the one card.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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