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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 Evolving Retail Payments Landscape

27 Sep 2023 PSB Annual Report – September 2023
The Evolving Retail Payments Landscape | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/the-evolving-retail-payments-landscape.html

Competition and Efficiency

24 Mar 2003 PSB Annual Report – 2002
In the mid 1990s, the birth of Internet commerce and the commercialisation of smart cards were widely perceived to be leading towards an electronic payments revolution. ... High-profile trials of products such as the Mondex ‘electronic purse’ (a smart
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html

Competition and Efficiency

11 Nov 2004 PSB Annual Report – 2004
One motivation for these arrangements from the banks' perspective is to move customers who accumulate very high reward points on their conventional credit card programs to different cards. ... Electronic cash and smart cards are examples of purchased
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html

Competition and Efficiency

21 Mar 2002 PSB Annual Report – 2001
In the consumer area, a compelling case for smart cards and ‘electronic cash’ remains elusive. ... These products are examples of purchased payment facilities, which consumers pay for in advance and use to make various types of payments; smart cards,
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html

Competition and Efficiency

1 Oct 2000 PSB Annual Report – 2000
schedules. Purchased payment facilities, such as smart cards and electronic cash, are facilities which consumers pay for in advance and use to make various types of payments. ... Australian banks have conducted limited trials of general purpose smart
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html

Payments System Board Annual Report 2000 - Competition and Efficiency

9 Apr 2013 PSB Annual Report 2000 PDF 260KB
https://www.rba.gov.au/publications/annual-reports/psb/2000/pdf/competition.pdf

Payments System Board Annual Report 2001 - Competition and Efficiency

22 Sep 2005 PSB Annual Report 2001 PDF 194KB
https://www.rba.gov.au/publications/annual-reports/psb/2001/pdf/competition.pdf

Overview

24 Mar 2003 PSB Annual Report – 2002
For many consumers, electronic means of payment are supplanting the traditional cheque, although the ‘smart card’ revolution remains elusive and e-commerce has yet to develop an effective replacement for the ... The Board's concern has been that, in
https://www.rba.gov.au/publications/annual-reports/psb/2002/overview.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

Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper

24 May 2023 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