PAYMENTS SYSTEM BOARD ANNUAL REPORT – 2006
List of tables
Table 1: Non-cash Retail Payments
Table 2: Non-cash Payments
Table 3: Non-cash Retail Payments in Selected Countries
Table 4: Transaction Products Held by Australian Adults
Table 5: Cheques
Table 6: Cash Withdrawals
Table 7: Credit Card Rewards Programs
Table 8: Turnover Processed by Clearing and Settlement Facilities
Table 9: Number of Meetings Attended by Each Member in 2005/06
Table 1: Non-cash Retail Payments
Per cent, 2005
|
Number |
Value |
|
| Cheques |
10.6 |
16.2 |
| Direct debits |
10.7 |
34.2 |
| Direct credits |
26.4 |
47.4 |
| Debit cards |
26.3 |
0.7 |
| Credit cards |
26.1 |
1.5 |
|
| Total |
100.0 |
100.0 |
|
| Memo item: |
|
|
| RTGS payments
(per cent of
all non-cash payments) |
0.1 |
76.6 |
|
| Source: RBA |
|
|
..................................................................................................................................  |
Table 2: Non-cash Payments
Number per head
|
1995 |
2005 |
Average annual
growth,
per cent |
|
| Cheques |
56 |
27 |
-7 |
| Direct debits |
6 |
22 |
15 |
| Direct credits |
27 |
45 |
5 |
| Debit cards* |
15 |
59 |
13 |
| Credit cards* |
12 |
58 |
17 |
|
| * There is a break in the data series in 2001. The average annual growth rates adjust for this break. |
| Sources: APCA; RBA |
.................................................................................................................................. |
Table 3: Non-cash Retail Payments in Selected Countries
Number per head, 2004
|
Cheques |
Direct
debits |
Direct
credits |
Debit
cards |
Credit
cards |
Total |
|
| United States |
119 |
20 |
17 |
67 |
65 |
288 |
| Canada |
43 |
18 |
25 |
88 |
55 |
229 |
| Netherlands |
0 |
64 |
78 |
77 |
3 |
222 |
| France |
66 |
41 |
42 |
70* |
na |
219 |
| United Kingdom |
35 |
43 |
43 |
62 |
29 |
212 |
| Australia |
27 |
19 |
40 |
53 |
56 |
195 |
| Germany |
1 |
75 |
76 |
23 |
7* |
181 |
| Sweden |
na |
16 |
51 |
86 |
3 |
157 |
| Switzerland |
0 |
7 |
78 |
35 |
14 |
134 |
| Singapore |
21 |
11 |
5 |
29 |
na |
66 |
|
| * 2003 |
| Sources: ABS; APCA; BIS; RBA |
.................................................................................................................................. |
Table 4: Transaction Products Held by Australian Adults*
Average for year to March 2006
Per cent of adult population that have a: |
|
| Deposit account |
97 |
| Debit card |
91 |
| Credit or charge card |
55 |
| Bankcard, MasterCard or Visa card |
52 |
| American Express or Diners Club card |
9 |
|
| * Aged 18 years or older |
| Source: Roy Morgan Research |
.................................................................................................................................. |
Table 5: Cheques
2005/06
|
Share by
number |
Share by
value |
Average
value |
|
Per cent |
Per cent |
$ |
|
| Personal* |
32 |
12 |
1,380 |
| Commercial |
65 |
65 |
3,610 |
| Financial institution |
3 |
24 |
28,206 |
|
| * Includes agency cheques issued through credit unions and building societies. |
| Source: RBA |
.................................................................................................................................. |
Table 6: Cash Withdrawals
2005/06
|
Value
$ billion |
Per cent
of total |
Average
value $ |
|
| ATMs |
|
|
|
| Own institution |
79 |
49.8 |
194 |
| ‘Foreign’ |
58 |
36.3 |
145 |
| EFTPOS |
|
|
|
| Cash-out only |
1 |
0.6 |
79 |
| Cash-out with purchase |
9 |
5.6 |
54 |
| Credit and charge card cash advances |
12 |
7.6 |
319 |
|
| Source: RBA |
.................................................................................................................................. |
Table 7: Credit Card Rewards Programs
Four major banks
|
Average spending
required for
$100 voucher |
Cardholder benefit
as a proportion
of spending
(basis points) |
|
| 2003 |
12,400 |
81 |
| 2004 |
14,400 |
69 |
| 2005 |
15,100 |
66 |
| 2006 |
16,000 |
63 |
|
| Sources: Banks’ websites, ANZ Telstra Rewards Visa card, Commonwealth Bank MasterCard Awards card, National Australia Bank Visa Gold card, Westpac Altitude MasterCard |
.................................................................................................................................. |
Table 8: Turnover Processed by Clearing and Settlement Facilities
$b per day, 2005/06
Novated to Central Counterparties |
|
ACH |
SFECC |
|
|
Equities/
warrants |
ASX
derivatives
(notional) |
SFE
derivatives
(notional) |
3.9 |
1.9 |
111.0 |
|
|
|
Settled by Settlement Systems |
|
ASTC |
|
Austraclear |
|
|
|
Equities/warrants* |
|
Debt securities |
3.9 |
|
26.0 |
|
| * Trades executed on the ASX market |
| Source: ASX |
.................................................................................................................................. |
Table 9: Number of Meetings Attended by Each Member in 2005/06(a)
|
| Ian Macfarlane |
5 |
(5) |
| Philip Lowe |
5 |
(5) |
| John Laker |
5 |
(5) |
| Joe Gersh |
5 |
(5) |
| Susan McCarthy |
5 |
(5) |
| John Poynton |
5 |
(5) |
| John Thom |
5 |
(5) |
|
| (a) Figures in brackets show the number of meetings each member was eligible to attend. |
|
