Payments System Issues: Multi-Network Debit Cards

Media Release Number 2012-20: At its meeting today, the Payments System Board considered the public policy issues relating to multi-network debit cards. These are cards issued by banks and other financial institutions for ATM usage and with debit functionality from more than one payments network. The Board has previously indicated it supports the long-standing practice of issuing such cards in Australia, because they are convenient for cardholders and allow stronger competition between networks at the point of sale.