Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
Search Results
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Media Releases
The Reserve Bank of Australia has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-24.html
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
ABA submission
28 Sep 2023
PDF
303KB
In recent years, banks have undertaken a number of least cost routing (LCR) and merchant choice routing (MCR) initiatives to meet the RBA’s expectations for banks to make LCR available ... Over the same period, existing or enhanced LCR initiatives can
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aba.pdf
Australian Payments Plus - Submission
28 Sep 2023
PDF
284KB
we make the following additional observations:. Debit Card Market Default Settings: The implementation of least-cost routing (LCR). ... taken to minimise costs and that work sits alongside existing least-cost routing (LCR) initiatives and other.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aus-payment-plus.pdf
RBA Debit Card Default Settings and Tokenisation: Wpay submission
28 Sep 2023
PDF
134KB
We support Least Cost Routing (LCR) on the basis that it drives competition in the cardpayments market and provides options for merchants. ... Routing all debit transactions will provide greater benefits to merchants. For LCR to be effective for larger
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/wpay.pdf
Executive Summary | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/executive-summary.html
Australian Small Business and Family Enterprise Ombudsman Submission
28 Sep 2023
PDF
180KB
Board should take regulatory action to progress the implementation of least-cost routing. ... government policies enforce merchant choice of routing or LCR for all payment-form factors so that small business merchants pay the least-cost merchant fees.
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
contactless transactions and Merchant Cost Routing (MCR) (often used interchangeably with. ... Least Cost Routing or LCR). Importantly, however, we note that LCR has been introduced in a.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/visa.pdf
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
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