Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
Participants in the online payments ecosystem. As more payments migrate online, a potential policy issue that could emerge is how to support the operation of least-cost routing in the online ... In the past, the Bank has mainly sought to encourage
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
The Cost of Card Payments for Merchants
19 Mar 2020
Bulletin
– March 2020
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html
Domestic Regulatory Developments
8 Oct 2021
FSR
– October 2021
The Bank issued a consultation paper presenting preliminary conclusions in May 2021, which covered: issuance of dual-network debit cards and promotion of ‘least-cost routing’ of debit card transactions; debit ... These frictions contribute to the key
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html
Bank Fees in Australia
18 Jun 2020
Bulletin
– June 2020
The Reserve Bank’s 23rd annual bank fees survey shows that, overall, banks’ income from fees declined in 2019.
https://www.rba.gov.au/publications/bulletin/2020/jun/bank-fees-in-australia.html
Governor's Foreword
17 Oct 2019
PSB Annual Report
– 2019
One major focus has been the promotion of least-cost (or merchant choice) routing for contactless debit card transactions to help place downward pressure on payment costs.
https://www.rba.gov.au/publications/annual-reports/psb/2019/governors-foreword.html
Governor's Foreword
20 Sep 2018
PSB Annual Report
– 2018
It is important that electronic payments are secure and low cost and that merchants and consumers have choice. ... Over the past year, the Board has strongly encouraged the payments industry to provide least-cost routing of debit card payments to
https://www.rba.gov.au/publications/annual-reports/psb/2018/governors-foreword.html
Accountability and Communication
20 Sep 2018
RBA Annual Report
– 2018
Topics covered included the provision of least-cost routing for card payments, industry efforts to reduce card-not-present fraud, and cryptocurrencies and distributed ledger technology. ... reform, as well as fast payments, merchant payment costs and
https://www.rba.gov.au/publications/annual-reports/rba/2018/accountability-and-communication.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
In 2019/20, the Bank:. promoted competition in the market for card payment services through least-cost routing and transparency in merchant pricing. ... In 2019/20, the Bank focused on:. the provision of least-cost routing functionality to merchants.
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Bank Fees in Australia
20 Jun 2019
Bulletin
– June 2019
The Reserve Bank has conducted a survey on bank fees each year since 1997.
https://www.rba.gov.au/publications/bulletin/2019/jun/bank-fees-in-australia.html
Accountability and Communication
17 Oct 2019
PSB Annual Report
– 2019
Speeches covered topics including merchant payment costs, least-cost routing in retail payments, card fraud, trends in cash and cheques usage, resiliency of the payments system, modernising message standards and the ... the debit card market, including
https://www.rba.gov.au/publications/annual-reports/psb/2019/accountability-and-communication.html