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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Some Current Issues in the Australian Economy
16 Feb 2011
Speech
PDF
108KB
Similarly, over the past couple of years, there has been an increase in the proportion of households who report that they pay their credit card balance in full each month. ... Repayment Behaviour. 50. 54. 58. 62. 50. 54. 58. 62. Share of persons who
https://www.rba.gov.au/speeches/2011/pdf/sp-ag-170211.pdf
23/08/2018 The Reserve Bank's Government Banking Business | Speeches ...
23 Aug 2018
PDF
177KB
Payment card acquiringservices, for which costs are typically quite large, are an example of this. ... Already in Australia, annual losses arising frompayment card fraud amount to around $600 million, much of which comes from online paymentswhere the
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-08-23.pdf
The Reserve Bank of Australia - Post Wallis
27 Feb 2001
Speech
PDF
73KB
They determine the revenue flows associated with card transactions,the costs ultimately borne by merchants and card-holders, the incentives to useand accept credit and debit cards and the terms of ... 12. encouraging use of credit cards rather than
https://www.rba.gov.au/speeches/1999/pdf/sp-ag-281099.pdf
3/21/2019 Property, Debt and Financial Stability | Speeches | ...
21 Mar 2019
PDF
426KB
There is very little debt related to non-housing loans such as credit cards or car loans.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-03-20.pdf
The Recovery from a Very Uneven Recession
15 Oct 2020
Speech
PDF
383KB
Over recent months, there have beenrecord rates of repayment on personal credit cards and other forms of personal debt (Graph 8).Interest-bearing credit card balances have fallen by 22 per
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-10-15.pdf
COVID, Our Changing Economy and Monetary
24 Nov 2020
Speech
PDF
317KB
Includes ATM withdrawals, debit card cash-outs and credit and chargecard advances; excludes over-the-counter withdrawals.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-11-16.pdf
The RBA and the Australian Economy
16 Dec 2021
Speech
PDF
367KB
https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-16.html 3/16. In addition, we regulate important parts of Australia's payments system, including the credit anddebit card
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-16.pdf
A Journey Towards a Near Cashless Payments System
28 Nov 2018
Speech
PDF
315KB
This has meant that the cost to consumers of using these cards is often low; insome cases, cardholders are actually subsidised to use their card, through reward points and/orinterest-free ... merchants in the debitcard system, where most cards allow for
https://www.rba.gov.au/speeches/2018/pdf/sp-gov-2018-11-26.pdf
Speech Fast Payments in Australia Michele Bullock Assistant Governor ...
15 Mar 2018
Speech
PDF
170KB
Cards, on the other hand, now account for around two-thirds of allnon-cash payments and the use of debit cards, in particular, has grown very strongly. ... In this sense, it is similar to other clearing and settlement systems – cheques,direct entry or
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-03-13.pdf
Financial Technology and Payments Regulation
10 Jul 2018
Speech
PDF
129KB
Forexample, certain competition and efficiency issues associated with credit card systems could not beaddressed by participants so the Bank introduced regulation that required changes to certainpractices in these schemes. ... Forexample, consumers could
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-07-08.pdf