Search: least-cost routing (LCR)

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RBA Glossary definition for LCR

LCR – Liquidity Coverage Ratio

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The Cost of Card Payments for Merchants

15 Sep 2022 Bulletin – September 2022
Troy Gill, Cara Holland and Georgia Wiley
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

Retail Payments Regulation and Policy Issues

20 Sep 2018 PSB Annual Report – 2018
Recent policy work has included evaluating the case for reforms that would require least-cost routing functionality to be provided to merchants, and monitoring the implementation of the Bank's recent ... Least-cost routing (LCR), or merchant routing, is
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html

The Cost of Card Payments for Merchants

14 Sep 2022 Bulletin - September 2022 PDF 903KB
https://www.rba.gov.au/publications/bulletin/2022/sep/pdf/the-cost-of-card-payments-for-merchants.pdf

Retail Payments Regulation and Policy Issues

17 Oct 2019 PSB Annual Report – 2019
Policy work has also covered a range of issues related to card payments, including the industry's implementation of least-cost routing functionality for contactless debit card transactions and improving the ... Least-cost routing (LCR), also known as
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html

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

Retail Payments Regulation and Policy Issues

15 Oct 2020 PSB Annual Report – 2020
Given the rapid growth in the use of cards, the Board has continued to focus on holding down the cost of card payments, including by encouraging the provision of least-cost ... routing (LCR) functionality and monitoring the effectiveness of and
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html

The Australian Debit Card Market: Default Settings and Tokenisation

19 Jun 2023 Consultations PDF 397KB
routing of debit transactions through its promotion of least-cost routing (LCR). ... and gateways would be expected to offer and promote the least-cost routing of transactions made.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202306-issues-paper-australian-debit-card-market.pdf

September | 2022

15 Sep 2022 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2022/sep/

Bulletin September Quarter 2022

14 Sep 2022 Bulletin - September 2022 PDF 8931KB
https://www.rba.gov.au/publications/bulletin/2022/sep/pdf/bulletin-2022-09.pdf

The Australian Debit Card Market: Default Settings and Tokenisation

28 Sep 2023 Consultations PDF 404KB
preferred debit card network through least-cost routing (LCR). The Board expects acquirers,. ... In effect, this would. mandate that merchants be provided with at least a basic form of LCR, where the merchant chooses.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202309-conclusions-paper-australian-debit-card-market.pdf