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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About the Payments System Board
8 Oct 2023
PSB Annual Report
- 2023
PDF
829KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/about-the-payments-system-board.pdf
The Australian Debit Card Market: Default Settings and Tokenisation
28 Sep 2023
Consultations
PDF
404KB
September 2023. Contents. 1. Executive Summary 1. 2. Setting a Default Network on Dual-network Debit Cards 3. ... 2. Setting a Default Network on Dual-. network Debit Cards. 2.1 Issues.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202309-conclusions-paper-australian-debit-card-market.pdf
RBA Debit Card Default Settings and Tokenisation: Wpay submission
28 Sep 2023
PDF
134KB
Setting a default network on dual-network debit cards. In regard to Questions 1-3, while some technical work would be required, we expect to be ableto implement a default routing ... 100% of Dual Network Debit Card (DNDC) traffic. This would include in
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/wpay.pdf
Stripe Response to RBA Consultation on DNDC and Tokenization 2023
28 Sep 2023
PDF
219KB
Tokenization of dual-network debit cards. Introduction. Stripe is writing in response to the Reserve Bank of Australia’s (RBA’s) Issues Paper on ‘TheAustralian Debit Card Market: Default Settings and ... We share the view that tokenization of
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/stripe.pdf
Australian Payments Plus - Submission
28 Sep 2023
PDF
284KB
international and domestic network associated with a Dual Network Debit Card (DNDC); and. ... Australia’s debit card market. Similar policy reforms introduced in Malaysia (prohibiting priority networks on dual network debit cards).
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aus-payment-plus.pdf
ABA submission
28 Sep 2023
PDF
303KB
ABA is responding to the proposal to ban the setting of a default network on dual-network debit cards (DNDC). ... By comparison, ABA understands the proposal to remove default priority on DNDCs would apply to payments made using a physical dual-network
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aba.pdf
MRC Submission
28 Sep 2023
PDF
181KB
Payment Card Industry Data Security Standards (PCI DSS) were introduced to resolve this very issue. ... Eftpos – Regarding dual network debit card routing, if eftpos does not have a tokenization solution available by the end of 2024, what does that
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/mrc.pdf
Law Council of Australia
28 Sep 2023
PDF
176KB
Background 3. The Issues Paper seeks stakeholders’ views on:. (a) the benefits and costs of actions to prohibit the practice of a default routing network being set at issuance on ... network debit cards; and.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/law-council-of-australia.pdf
Australian Small Business and Family Enterprise Ombudsman Submission
28 Sep 2023
PDF
180KB
default settings for dual-network debit cards (DNDCs), which seek to enhance the competitiveness, efficiency and safety of Australia’s debit card market. ... A further action to address the Bank’s concerns regarding default settings on dual-network
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/australian-small-business-and-family-enterprise-ombudsman.pdf
Visa Submission
28 Sep 2023
PDF
301KB
card issuance, and best practices for the tokenisation of Dual Network Debit Cards (DNDCs) for. ... transactions made with Dual Network Debit Cards (DNDCs) have ‘default routing’ to international.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/visa.pdf