Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
Policy work has also covered a range of issues related to card payments, including the industry's implementation of least-cost routing functionality for contactless debit card transactions and improving the ... Least-cost routing (LCR), also known as
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
A particular focus of this Review was on measures to support and promote the ongoing availability of least-cost routing (LCR), or merchant-choice routing, which is the ability of merchants ... The Bank continues to explore LCR-related issues with a range
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
Given the rapid growth in the use of cards, the Board has continued to focus on holding down the cost of card payments, including by encouraging the provision of least-cost ... routing (LCR) functionality and monitoring the effectiveness of and
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
In 2021/22, the Bank focused on:. least-cost routing (LCR) functionality, where merchants can choose to route transactions on dual-network debit cards to the lowest-cost processing network. ... Progress on activities to deliver convenient, secure,
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
Governor's Foreword
15 Oct 2020
PSB Annual Report
– 2020
Given its remit to promote a safe, competitive and efficient payments system, the Board is paying close attention to this shift towards electronic payments, especially as it relates to the cost ... It has actively encouraged acquirers to provide
https://www.rba.gov.au/publications/annual-reports/psb/2020/governors-foreword.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
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
The Bank has been actively encouraging the provision of least-cost routing functionality to merchants. ... The Reserve Bank successfully encouraged industry progress on providing merchants with the ability to route contactless dual-network debit card
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
LCR. Least-cost routing. LIBOR. London interbank offered rate. MOG. Multilateral Oversight Group for Euroclear Bank.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
Annual Performance Statement
21 Oct 2021
RBA Annual Report
– 2021
In 2020/21, the Bank focused on. the provision of least-cost routing functionality to merchants. ... Progress on activities to deliver convenient, secure, reliable and cost-effective banking services to customers.
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html