Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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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
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 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
Annual Performance Statement
9 Aug 2023
RBA Annual Report
- 2022
PDF
186KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/annual-performance-statement.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
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
least-cost routing’ (LCR) initiatives. LCR is functionality that enables merchants to choose which card. ... obsolete infrastructure imposes a cost on the payment system and economy more broadly.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.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
Financial Stability Review
18 Nov 2022
FSR
- October 2021
PDF
3266KB
https://www.rba.gov.au/publications/fsr/2021/oct/pdf/financial-stability-review-2021-10.pdf