Search: dual-network card
RBA Glossary definition for dual-network card
dual-network card – A payment card that can be used to initiate transactions, typically from the same deposit account, for two different payment processing networks. For example, a debit card (sometimes also known as an ATM card) that can be used to make a payment via either the eftpos network or one of the international scheme networks. These cards usually have an international scheme logo (Mastercard or Visa) on one side and the eftpos logo on the other.
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Innovation and Regulation in the Australian Payments System
7 Dec 2020
Speech
Speech delivered by Philip Lowe, Governor, to the Australian Payments Network, Online
https://www.rba.gov.au/speeches/2020/sp-gov-2020-12-07.html
What's on the Cards?
10 Dec 2019
Speech
Speech delivered by Tony Richards, Head of Payments Policy Department, Australian Payments Network Summit, Sydney
https://www.rba.gov.au/speeches/2019/sp-so-2019-12-10.html
Leaning In: Towards Better Payment and Clearing Systems
16 May 2019
Speech
Speech delivered by Michele Bullock, Assistant Governor (Financial System), at ASIC Annual Forum, Sydney
https://www.rba.gov.au/speeches/2019/sp-ag-2019-05-16.html
Merchant Payment Costs and Least-cost Routing
13 Dec 2017
Speech
Speech delivered by Tony Richards, Head of Payments Policy, at the Australian Payment Summit 2017, Sydney
https://www.rba.gov.au/speeches/2017/sp-so-2017-12-13.html
11/12/2019 What's on the Cards? | Speeches ...
11 Dec 2019
PDF
156KB
Accordingly, the Issues Paper devotes a fair bit of attention to least-cost routing and dual-networkdebit cards. ... More broadly,we are also asking for stakeholder views on dual-network debit cards, and the implications of theongoing shift in card
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-12-10.pdf
13/12/2017 Merchant Payment Costs and Least-cost Routing | Speeches ...
13 Dec 2017
PDF
291KB
However, when card-issuingbanks send out dual-network debit cards they are programmed with the international scheme as thefirst-priority network for contactless use and the eftpos network as second priority. ... They have alsonoted that the international
https://www.rba.gov.au/speeches/2017/pdf/sp-so-2017-12-13.pdf
Innovation and Regulation in the Australian Payments System
6 Dec 2020
Speech
PDF
181KB
1. interchange fee regulation. 2. dual-network debit cards and least-cost routing. ... Dual-network debit cards and least-cost routingThe second issue is dual-network debit cards and least-cost routing.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-12-07.pdf
Panic, Pandemic and Payment Preferences
3 Jun 2020
Speech
Speech delivered by Michele Bullock, Assistant Governor (Financial System), Morgan Stanley Disruption Evolved Webcast, Sydney
https://www.rba.gov.au/speeches/2020/sp-ag-2020-06-03.html
Leaning In: Towards Better Payment and Clearing Systems
17 May 2019
Speech
PDF
401KB
Most debit cards in Australia are dual-network cards. That is, payments made using these cards canbe processed across two networks. ... The move to contactless payments (‘tap-and-go’), however, has muted some of the competitivepressures that can come
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-05-16.pdf
Opening Panel Remarks on the Regulatory Landscape for Payments
27 Nov 2018
Speech
Speech delivered by Tony Richards, Head of Payments Policy, to the Australian Payment Summit, Sydney
https://www.rba.gov.au/speeches/2018/sp-so-2018-11-27.html