Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
choice than at businesses that do surcharge. Card payments are used least for household bills, with. ... are encouraged to use the lowest cost payment instrument. Changes to the Reserve Bank’s.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
PSB Board Annual Report 2019 - Retail Payments Regulation and Policy Issues
10 Feb 2020
Annual Report
PDF
989KB
PSB Board Annual Report 2019
https://www.rba.gov.au/publications/annual-reports/psb/2019/pdf/retail-payments-regulation-and-policy-issues.pdf
Suite 403, Level 4, 151 Castlereagh Street, Sydney NSW ...
11 Feb 2020
PDF
153KB
Merchants are entitled to seek to reduce their payment costs but merchants taking advantage of least-cost routing (LCR) to reduce merchant costs should do more to facilitate consumer choice. • ... consumer and merchant choice.” Merchants are entitled
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/customer-owned-banking-association.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
Abbreviations
27 Sep 2022
PSB Annual Report
- 2022
PDF
76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf
FCA Submission to RBA July 2021
21 Jul 2021
PDF
177KB
Least Cost Routing (LCR) enables merchants to choose the lowest cost debit fee offering, to minimise their costs. ... 2) Least Cost Routing (LCR) is made available as the default option for all merchants in all payment channels.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/fca-2021-07-21.pdf
20210712 - ABA submission to RBA retail payments review consultation paper
12 Jul 2021
PDF
228KB
ABA agrees with the RBA maintaining policy focus on least cost routing (LCR) / merchant choice routing (MCR), and welcomes the opportunity for industry to work with the RBA to apply these ... Card-present LCR/MCR. ABA notes the RBA Governor’s remarks
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/aba-2021-07-12.pdf
Australian Newsagents’ Federation T/as Australian Lottery and Newsagents’ Association ...
11 Feb 2020
PDF
243KB
further charges. Q4: How do stakeholders assess the functioning to date of least-cost routing (LCR) of contactless debit card payments? ... disposal to address forced routing. The introduction of Least cost routing (LCR), which started to roll out in our
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/australian-lottery-and-newsagents-association.pdf
Abbreviations
21 Oct 2021
PSB Annual Report
- 2021
PDF
76KB
https://www.rba.gov.au/publications/annual-reports/psb/2021/pdf/abbreviations.pdf
Australian Retailers Association ABN 99 064 713 718 Level ...
19 Jul 2021
PDF
583KB
dual-network debit cards (DNDCs) and least-cost routing (LCR), as well as greater scrutiny on individual. ... from dual-network to single-network debit cards (SNDCs), rendering least-cost routing impossible on.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/australian-retailers-association-2021-07-09.pdf