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.