Search: least-cost routing (LCR)
RBA Glossary definition for LCR
LCR – Liquidity Coverage Ratio
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Review of Card Payments Regulation - November 2019 | Consultations
10 Nov 2019
Consultations
Review of Card Payments Regulation
https://www.rba.gov.au/publications/consultations/201911-review-of-card-payments-regulation.html
Accountability and Communication
20 Sep 2018
PSB Annual Report
– 2018
Speeches covered topics including merchant payment costs and least-cost routing in retail payments, the development of the New Payments Platform (NPP), cryptocurrencies and distributed ledger technology and the merits of ... Discussions on policy issues
https://www.rba.gov.au/publications/annual-reports/psb/2018/accountability-and-communication.html
About the Payments System Board
28 Sep 2022
PSB Annual Report
– September 2022
For example, it began collecting data on buy now, pay later (BNPL) and mobile wallet transactions and the adoption of least-cost routing functionality for debit card transactions. ... expectations on issuance of dual-network debit cards and least-cost
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html
Setting a Default Network on Dual-network Debit Cards | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions…
28 Sep 2023
Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/setting-a-default-network-on-dual-network-debit-cards.html
Communication and Community Engagement
17 Oct 2019
RBA Annual Report
– 2019
Topics covered included the provision of least-cost routing for card payments, real-time payments, open banking and developments in the ATM industry. ... Two scholarships were awarded under this program in 2019. The cost to the Bank of these scholarships
https://www.rba.gov.au/publications/annual-reports/rba/2019/communication-and-community-engagement.html
Payment Surcharges: Economics, Regulation and Enforcement
13 Dec 2018
Bulletin
– December 2018
The Reserve Bank's new rules on surcharging, which are enforced by the Australian Competition and Consumer Commission (ACCC), allow businesses to recover the cost of accepting different payment methods but prevent them from surcharging excessively.
https://www.rba.gov.au/publications/bulletin/2018/dec/payment-surcharges-economics-regulation-and-enforcement.html
Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation - May 2021 | Consultations
28 May 2021
Consultations
Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation
https://www.rba.gov.au/publications/consultations/202105-consultation-preliminary-conclusions-review-of-retail-payments-reg.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
As discussed in the chapter on ‘Retail Payments Regulation and Policy Issues’, most card acquirers have recently enabled least-cost routing functionality for contactless transactions on dual-network debit cards. ... As cheque use declines, the
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Strategic Priorities for the Reserve Bank's Payments Work
17 Oct 2019
PSB Annual Report
– 2019
The Bank has taken a number of regulatory actions aimed at improving competition and efficiency in the market for card payment services and recently has been pushing acquirers to provide ... cost routing functionality as a way to give merchants greater
https://www.rba.gov.au/publications/annual-reports/psb/2019/strategic-priorities-for-the-reserve-banks-payments-work.html
Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions
6 Sep 2017
Submissions
One area where competition is yet to emerge is in the provision of least-cost transaction routing to merchants. ... The Bank understands that a number of acquirers are currently considering providing least-cost routing to merchants, a development which
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html