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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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Summary

11 Feb 2020 DOCX 175KB
Q5: Have recent and prospective developments in technology changed the case for promoting the continued issuance of dual-network debit cards? ... What policy actions might be needed to promote competition and efficiency in an environment where
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX

19 February 2020 Tony Richards Head of Payments Policy ...

19 Feb 2020 DOCX 95KB
Many of Cuscal’s clients are smaller card issuers, these clients suffer a disproportionate cost per cardholder to support dual-network debit cards (DNDC), due to the need to comply with ... Yes, developments in technology will change the need for
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX

A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
use. Q5: Have recent and prospective developments in technology changed the case for promoting the continued issuance of dual-network debit cards? ... What policy actions might be needed to promote competition and efficiency in an environment where single
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC

29th January 2020 Head of Payments Policy Department Reserve ...

11 Feb 2020 DOCX 103KB
other scheme from dual network debit cards. ... Card issuers should be required to have a mix of cards with different scheme priorities across their base.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/australasian-association-of-convenience-stores.DOCX

Submission for the Review of Retail Payments Regulation

11 Feb 2020 DOCX 33KB
Some or all debit card payments should not be surcharged if debit cards have replaced cash as the payment method of choice. ... Furthermore, if debit cards become the payment method of choice, it could be argued that merchants shouldn’t surcharge debit
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX

REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER

12 Feb 2020 DOCX 55KB
In doing so, control over payments is being driven away from banks and larger payment card issuers, which drives innovation and competition. ... Are there issues that arise for the Bank’s regulatory regime for card payments or that are relevant to
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX

Review of Retail Payments Regulation Saurav Dutta, Lien Duong, ...

11 Feb 2020 DOCX 23KB
Payment of cash;. Payment through credit card;. Use “buy-now-pay-later” (BNPL) services. ... After all, merchants can levy a surcharge on credit card payments, but not for more expensive BNPL transactions causing such merchants to complain about the
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/curtin-university.DOCX

29 January 2020 Head of Payments Policy Department Reserve ...

11 Feb 2020 DOCX 92KB
In addition to this, card payments are typically higher in value than transactions paid for in cash. ... Businesses get guaranteed payment when they accept credit cards, freeing them from the worry of non-payment risk.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/restaurant-and-catering-industry-association.DOCX