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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The Cost of Card Payments for Merchants
15 Sep 2022
Bulletin
– September 2022
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html
Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper
8 May 2024
Submissions
The Explanatory Memorandum for the PSRA refers to a payment system as one that ‘covers the system of payment instruments (cash, cheques, smart cards among others), their delivery, the exchange or
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-april-2023/index.html
Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions
8 May 2024
Submissions
and credit cards, meaning NFC payments can generally be accepted by any card terminal that accepts contactless payments with a plastic card. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html
Trends in Mobile Payments in Developing and Advanced Economies
22 Mar 2013
Bulletin
– March 2013
As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies,
https://www.rba.gov.au/publications/bulletin/2013/mar/8.html
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
Growth in e-commerce has also been associated with an increase in online card payments. ... systems, along with access regimes for several card systems and the ATM system.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
The Growing Demand for Cash
15 Sep 2017
Bulletin
– September 2017
While survey data indicate that the share of Australian consumers' payments made with cash continues to fall, the number (and value) of banknotes in circulation continues to grow at around its trend pace of 6 per cent per year. This article
https://www.rba.gov.au/publications/bulletin/2017/sep/8.html
Cryptocurrency: Ten Years On
20 Jun 2019
Bulletin
– June 2019
Ten years on from the creation of Bitcoin, the term ‘cryptocurrency’ has entered the public consciousness.
https://www.rba.gov.au/publications/bulletin/2019/jun/cryptocurrency-ten-years-on.html
New Payments Insights from the Updated Retail Payments Statistics Collection
21 Mar 2019
Bulletin
– March 2019
Banks' funding costs increased a little over 2018, driven by a rise in the cost of wholesale funding linked to money market rates, but with some offset from reductions in the cost of retail deposits.
https://www.rba.gov.au/publications/bulletin/2019/mar/new-payments-insights-from-the-updated-retail-payments-statistics-collection.html
Economic Trends in India
21 Jun 2018
Bulletin
– June 2018
The government has also faced legal challenges in efforts to introduce a national identity card (Aadhaar) system, whereby Indian residents are assigned a unique 12 digit identity number, which is linked ... The related ‘Smart Cities Mission’ program
https://www.rba.gov.au/publications/bulletin/2018/jun/economic-trends-in-india.html
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
the point of sale, and certain types of debit cards can now be used in a card-not-present environment (e.g. ... firms specialising in providing card acceptance to merchants and not issuing cards to cardholders).
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html