Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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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
Review of Retail Payments Regulation - Consultation Paper - May 2021
28 May 2021
PDF
712KB
Least-cost routing (LCR), also known as merchant-choice routing, is functionality that lets merchants process contactless (‘tap-and-go’) DNDC transactions through whichever network on the card costs them less ... In recent years, however, financial
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/consultation-paper-202105/pdf/review-of-retail-payments-regulation-consultation-paper-202105.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
P 1300 160 270 | communications@acapma.com.au Suite 6, Level ...
12 Jul 2021
PDF
611KB
immediate introduction of Least Cost Routing (LCR) functionality for all debit card payments in the in-person environment in Australia, such that all payment terminals default to the least cost gateway. ... The widespread availability of Dual Network
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/acapma-2021-07-12.pdf
Review of Retail Payments Regulation - Regulation Impact Statement October 2021
21 Oct 2021
PDF
1535KB
DNDCs) and least-cost routing (LCR); interchange fees; and scheme fees. While different in nature, all. ... Dual-network debit cards and least-cost routing. Given the competition and efficiency benefits that flow from DNDCs and LCR, the Bank considers
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/pdf/review-of-retail-payments-regulation-impact-statement-oct-2021.pdf
Payments System Board Annual Report 2020
14 Oct 2020
PSB Annual Report
2020
PDF
7381KB
https://www.rba.gov.au/publications/annual-reports/psb/2020/pdf/2020-psb-annual-report.pdf
Review of Retail Payments Regulation - Conclusions Paper - October 2021
21 Oct 2021
PDF
1755KB
2 Introduction 9. 3 Dual-network debit cards and least-cost routing 14. ... debit networks (Debit Mastercard or Visa Debit). Least-cost routing (LCR), also known as merchant-.
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/pdf/review-of-retail-payments-regulation-conclusions-paper-202110.pdf
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
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