Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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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
The Shift to Electronic Payments – Some Policy Issues
12 Apr 2023
Speech
PDF
615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.pdf
An Efficient, Competitive and Safe Payments System
14 Dec 2022
Speech
PDF
638KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-gov-2022-12-14.pdf
MGA Independent Retailers
8 Jul 2021
PDF
278KB
interchange fees, merchant service fees, least cost-routing of dual network debit card transactions, ease. ... c. $88 million in annual merchant payment fees. 3. At this point there is little relief for reduced merchant payment fees via Least Cost
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/mga-tma-2021-07-09.pdf
Modernising Australia's Payments System
11 Mar 2024
Speech
PDF
486KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-12-12.pdf
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
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
eftpos Payments Australia Limited ABN 37 136 180 366 ...
9 Jul 2021
PDF
1231KB
If immediate and effective regulatory action is not taken to support dual network debit cards (and form factors) (DNDC) for all issuers and opt out least cost routing (LCR), it is ... competitive effect on the payments system in Australia. 2. Opt out
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/eftpos-2021-07-09.pdf
Payments System Board Review of Retail Payments Regulation Mastercard ...
11 Feb 2020
PDF
865KB
In the Mastercard system, merchants have also been able to use “least cost routing” (LCR) services for in-store transactions.6 Mastercard notes much of the development of new payment systems ... Q. 4. How do stakeholders assess the functioning to
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/mastercard.pdf
RBA Payments System Board 2018 Annual Report - Retail Payments Regulation and Policy Issues
20 Sep 2018
Annual Report
PDF
790KB
RBA Payments System Board 2018 Annual Report
https://www.rba.gov.au/publications/annual-reports/psb/2018/pdf/retail-payments-regulation-and-policy-issues.pdf