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.
Search Results
Review of Retail Payments Regulation - Regulation Impact Statement October 2021
21 Oct 2021
PDF
1535KB
1.1 What is the policy problem?1. Dual-network debit cards and least-cost routing. ... regulatory response. These options are listed below. Dual-network debit cards and least-cost routing.
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/pdf/review-of-retail-payments-regulation-impact-statement-oct-2021.pdf
Review of Retail Payments Regulation - Conclusions Paper - October 2021
21 Oct 2021
PDF
1755KB
2 Introduction 9. 3 Dual-network debit cards and least-cost routing 14. ... 14 RESERVE BANK OF AUSTRALIA. 3 Dual-network debit cards and least-cost.
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/pdf/review-of-retail-payments-regulation-conclusions-paper-202110.pdf
Variation to Standards No. 1, No. 2 and No. 3 of 2016 (amended standards)
21 Oct 2021
PDF
910KB
i) the Benefit must be apportioned between:. (A) the Credit Cards of the Scheme and Credit Card Transactions on the one hand; and. ... Dual-Network Debit Card or DNDC means a Debit Card of a Scheme (the ‘First Scheme’) that incorporates the
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/pdf/variations-to-standards-no-1-2-and-3-of-2016-2021-10-22.pdf
AFIA submission to RBA - Review of Retail Payments Consultation Paper
2 Sep 2021
PDF
391KB
Submissions to the Review of Retail Payments Regulation Consultation Paper
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/afia-2021-08-18.pdf
20th July, 2021. Head of Payments Policy Department Reserve ...
4 Aug 2021
PDF
260KB
It is critical that extending the accessibility to Dual Network Debit Cards (DNDCs) that offer merchants ‘choice’ between international schemes and companies such as eftpos. ... Dual network debit cards must be mandatory as part of every bank’s
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/aacs-2021-08-05.pdf
ALNA Submission to RBA on Review of Retail Payments Regulation - July 2021
30 Jul 2021
PDF
197KB
ALNA is of the view that the RBA should therefore mandate the issuance of dual network debit cards (DNDC’s), and further, we believe the provision of LCR functionality to merchants ... In summary, the following actions are vital to our members:. •
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/alna-2021-07-09.pdf
Australian Retailers Association ABN 99 064 713 718 Level ...
19 Jul 2021
PDF
583KB
components of merchant service fees. Dual-network debit cards. As the volume and value of debit card transactions continues to increase, using tap-and-go cards and. ... from dual-network to single-network debit cards (SNDCs), rendering least-cost routing
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/australian-retailers-association-2021-07-09.pdf
For Official Use Only Russell Zimmerman Retail Consultant Review ...
19 Jul 2021
PDF
896KB
understand that for the acquiring bank that the fees charged by eftpos for Dual Network cards. ... saw the cost of acceptance in Australia reduced. Dual Network Debit Cards (DNDCs).
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/russell-zimmerman-consulting-2021-07-09.pdf
15 July 2021 Dr Tony Richards Head of Payments ...
15 Jul 2021
PDF
407KB
average each week through its store network and online platform. Coles also operates as. ... cards;. limiting and slowing the shift of Dual-network Debit Cards to Single-network Debit Cards;.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/coles-2021-07-15.pdf
P 1300 160 270 | communications@acapma.com.au Suite 6, Level ...
12 Jul 2021
PDF
611KB
Opposition to any significant reduction in the requirement for Dual Network Debit Cards. ... The proposal to excuse card issuers other than the four major banks from providing Dual Network Debit Cards (DNDCs), for example, could result in the fuel
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/acapma-2021-07-12.pdf