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 Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
Payments System Board Update: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
The Cost of Card Payments for Merchants
15 Sep 2022
Bulletin
– September 2022
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html
List of tables
14 Sep 2017
PSB Annual Report
– 2017
13.6. Dual-network debit. –. 4.5. Strategic merchant. (b). 0.0 to 4.5. –. ... b) As of July 2017, eftpos has three tiers of strategic merchant rates for each of the proprietary, dual-network and digital categories; prior to this, strategic rates were
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
Merchant Payment Costs and Least-cost Routing
13 Dec 2017
Speech
Speech delivered by Tony Richards, Head of Payments Policy, at the Australian Payment Summit 2017, Sydney
https://www.rba.gov.au/speeches/2017/sp-so-2017-12-13.html
Payments System Board Update: May 2017 Meeting
19 May 2017
Media Releases
At its meeting today, the Payments System Board discussed the Bank's recent consultation on dual-network cards and mobile wallet technology and issues relating to customer access to and sharing of banking and payments data.
https://www.rba.gov.au/media-releases/2017/mr-17-10.html
Payments System Board Update: May 2019 Meeting
24 May 2019
Media Releases
Least-cost routing of debit card transactions. The Board has been supportive of dual-network debit cards because they provide convenience and choice to both consumers and merchants and can help ... The Board stressed that the benefits to competition from
https://www.rba.gov.au/media-releases/2019/mr-19-13.html
Payments System Board Update: August 2023 Meeting
17 Aug 2023
Media Releases
Today's Payments System Board meeting discussed the annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, prominent payment systems,
https://www.rba.gov.au/media-releases/2023/mr-23-20.html
The Cost of Card Payments for Merchants
19 Mar 2020
Bulletin
– March 2020
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html
Payments System Board Update: November 2022 Meeting
24 Nov 2022
Media Releases
At its meeting today, the Payments System Board discussed the recent technology outage at the Bank, ASX CHESS replacement, cyber resilience at payments and market infrastructures, payments reforms including common access requirements, least-cost
https://www.rba.gov.au/media-releases/2022/mr-22-39.html