Search: smart card
RBA Glossary definition for smart card
smart card – Also known as a chip card or IC (integrated circuit) card. A card containing one or more computer chips or integrated circuits for identification, data storage or special-purpose processing used to validate personal identification numbers (PINs), authorise purchases, verify account balances and store personal records.
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29 January 2020 Head of Payments Policy Department Reserve ...
11 Feb 2020
DOCX
92KB
In addition to this, card payments are typically higher in value than transactions paid for in cash. ... Businesses get guaranteed payment when they accept credit cards, freeing them from the worry of non-payment risk.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/restaurant-and-catering-industry-association.DOCX
Submission for the Review of Retail Payments Regulation
11 Feb 2020
DOCX
33KB
Some or all debit card payments should not be surcharged if debit cards have replaced cash as the payment method of choice. ... Furthermore, if debit cards become the payment method of choice, it could be argued that merchants shouldn’t surcharge debit
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX
Summary
11 Feb 2020
DOCX
175KB
24. Customers have long benefited from innovation in the payments system, based on significant investment by issuers and card schemes in contactless cards and in growing their networks. ... fees? The 2016 Review of Card Payments Regulation Conclusions
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX
19 February 2020 Tony Richards Head of Payments Policy ...
19 Feb 2020
DOCX
95KB
Many of Cuscal’s clients are smaller card issuers, these clients suffer a disproportionate cost per cardholder to support dual-network debit cards (DNDC), due to the need to comply with ... Q12: Is there a case for applying regulation to three-party
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX
Review of Retail Payments Regulation Saurav Dutta, Lien Duong, ...
11 Feb 2020
DOCX
23KB
Payment of cash;. Payment through credit card;. Use “buy-now-pay-later” (BNPL) services. ... After all, merchants can levy a surcharge on credit card payments, but not for more expensive BNPL transactions causing such merchants to complain about the
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/curtin-university.DOCX
29th January 2020 Head of Payments Policy Department Reserve ...
11 Feb 2020
DOCX
103KB
Card issuers should be required to have a mix of cards with different scheme priorities across their base. ... fees? We believe the RBA should apply the same regulatory requirements to interchange on transactions initiated by internationally issued cards
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/australasian-association-of-convenience-stores.DOCX
REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER
12 Feb 2020
DOCX
55KB
In doing so, control over payments is being driven away from banks and larger payment card issuers, which drives innovation and competition. ... Are there issues that arise for the Bank’s regulatory regime for card payments or that are relevant to
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX