Payments System Board Annual Report – 2015 List of tables

Chapters

Table: Board Meetings in 2014/15 Attendance by Members

Table 1: Non-cash Payments

Table 2: Non-cash Retail Payments in Selected CPMI Countries

Table 3: Fraud Losses by Transaction Type

Table 4: Australian-dollar Payments

Board Meetings in 2014/15 Attendance by Members
Number of meetings
Attended Eligible to attend
Glenn Stevens (Governor) 4 4
Malcolm Edey (RBA) 4 4
Wayne Byres (APRA)(a) 4 4
Gina Cass-Gottlieb 3 4
Paul Costello 4 4
Robert McLean 4 4
Catherine Walter 4 4
Brian Wilson 4 4
(a) Wayne Byres' term on the Board commenced on 9 July 2014
Table 1: Non-cash Payments
2014/15 Average annual growth
2009/10 – 2014/15
Per cent of total Average value Growth, per cent Per cent
Number Value $ Number Value Number Value
Debit cards 42.5 1.4 54 12.0 9.8 13.7 11.2
Credit cards 22.9 1.8 132 8.4 5.2 7.2 5.2
Cheques 1.6 7.7 7,998 −15.7 −0.9 −13.3 −4.0
BPAY 3.9 2.1 884 3.5 11.1 5.9 11.0
Direct debits(a) 9.8 35.9 6,137 12.3 5.3 8.0 1.2
Direct credits(a) 19.3 51.1 4,444 5.0 5.7 5.8 4.7
Total 100.0 100.0 1,675 8.9 5.2 8.7 2.7

(a) In March 2014 reporting changes by two institutions resulted in series breaks for direct credit and direct debit payments; the series have been backcast to account for the break

Sources: BPAY; RBA
Table 2: Non-cash Retail Payments in Selected CPMI Countries
Number per capita, 2013
Cheques Direct debits Direct credits Debit card Credit(a)
card		 Total(b)
United States 52 43 29 177 89 389
Sweden <1 33 93 207 43 375
Netherlands 0(c) 81 103 162 7 354
Australia 9 35 75(d) 146 83 347
Korea 7 34 68 69 160 338
United Kingdom 11 55 60 141 37 304
Canada 20 21 28 129 96 293
France 38 52 47 137(e) 274
Germany <1 121 76 36 9 242
Brazil 7 25 48 24 26 129

(a) Includes charge cards
(b) Excludes e-money
(c) Cheques have been abolished since 2001
(d) Includes BPAY
(e) Split between debit and credit cards not available

Sources: ABS; BIS; RBA; United States Census Bureau
Table 3: Fraud Losses by Transaction Type
$ million
2013 2014
All instruments 348 450
Cheques 7 6
All cards 341 444
eftpos and ATM transactions 18 23
Scheme debit, credit and charge cards 322 421
Australian cards used in Australia 124 132
Card present 38 33
Card not present 86 99
Australian cards used overseas 149 232
Card present 25 31
Card not present 125 201
Foreign cards used in Australia 50 57
Card present 16 13
Card not present 34 45

Source: APCA, RBA
Table 4: Australian-dollar Payments
Gross daily averages, $ billion(a)
2011/12 2012/13 2013/14 2014/15
Domestic
RITS 168.0 157.8 162.7 167.8
SWIFT payments (HVCS) 106.0 97.1 100.5 103.8
Debt settlements (Austraclear)(b) 50.0 48.5 50.3 52.0
RITS cash transfers 12.0 12.3 11.9 12.0
Retail payment systems 59.1 59.7 61.9 62.5
Equity settlements(c) 4.7 4.2 4.0 4.4
Property settlements (PEXA)       0.03(d)
International
CLS 241.3 251.7 246.2 260.6

(a) Business days; includes payments between customers of the same financial institution
(b) Excludes intraday and open RBA repurchase agreements, and multilaterally netted interbank settlements arising from the retail payment systems and the equity market
(c) Gross value of equity trades
(d) Net double-sided value; includes data from 10 November 2014 to 30 June 2015; currently, only a small amount of property settlements
by value occur in PEXA

Sources: ASX; CLS; RBA