Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
Search Results
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
In 2021/22, the Bank focused on:. least-cost routing (LCR) functionality, where merchants can choose to route transactions on dual-network debit cards to the lowest-cost processing network. ... Progress on activities to deliver convenient, secure,
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.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
Governor's Foreword
15 Oct 2020
PSB Annual Report
– 2020
Given its remit to promote a safe, competitive and efficient payments system, the Board is paying close attention to this shift towards electronic payments, especially as it relates to the cost ... It has actively encouraged acquirers to provide
https://www.rba.gov.au/publications/annual-reports/psb/2020/governors-foreword.html
PSB Board Annual Report 2019
20 May 2020
Annual Report
PDF
3893KB
https://www.rba.gov.au/publications/annual-reports/psb/2019/pdf/2019-psb-annual-report.pdf
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
IRD. Interest rate derivative. LCR. Least-cost routing. LVCS. Low Value Clearing Service.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
Payments System Board Annual Report 2020 - Governor’s Foreword
14 Oct 2020
PSB Annual Report
2020
PDF
583KB
https://www.rba.gov.au/publications/annual-reports/psb/2020/pdf/governors-foreword.pdf
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
The Bank has been actively encouraging the provision of least-cost routing functionality to merchants. ... The Reserve Bank successfully encouraged industry progress on providing merchants with the ability to route contactless dual-network debit card
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf
RBA Payments System Board 2018 Annual Report
10 Feb 2020
Annual Report
PDF
7554KB
Over the past year, the Board has strongly encouraged the payments industry to provide least-cost routing of debit card payments to merchants, as a means of increasing competitive pressure in ... Discussions on policy issues over the past year have
https://www.rba.gov.au/publications/annual-reports/psb/2018/pdf/2018-psb-annual-report.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