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RBA Glossary definition for direct debit

direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).

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The Evolving Retail Payments Landscape

27 Sep 2022 PSB Annual Report - 2022 PDF 564KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/the-evolving-retail-payments-landscape.pdf

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 358KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf

Consumer Payment Behaviour in Australia

13 Jun 2023 Bulletin - June 2023 PDF 974KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/consumer-payment-behaviour-in-australia.pdf

Box C: Australia's Net Income Deficit

5 May 2005 SMP - May 2005 PDF 54KB
https://www.rba.gov.au/publications/smp/2005/may/pdf/box-c.pdf

An Efficient, Competitive and Safe Payments System

14 Dec 2022 Speech PDF 638KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-gov-2022-12-14.pdf

Payments System Board Annual Report 2003 - The Australian Payments System

22 Sep 2005 PSB Annual Report 2003 PDF 126KB
https://www.rba.gov.au/publications/annual-reports/psb/2003/pdf/au-payments.pdf

The Shift to Electronic Payments – Some Policy Issues

12 Apr 2023 Speech PDF 615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.pdf

Payments: The Future?

8 Dec 2021 Speech PDF 299KB
The first of these is the new PayTo service on the NPP, which is expected to serve as a replacementfor the current system of direct debits. ... The existing system of direct debits has worked well in some respects, but a more modern system isnow needed.
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-09.pdf

Bulletin March Quarter 2019

20 Apr 2023 Bulletin - March 2019 PDF 4430KB
https://www.rba.gov.au/publications/bulletin/2019/mar/pdf/bulletin-2019-03.pdf

Debit Interchange Reform Submission

16 Sep 2002 PDF 286KB
NATIONAL AUSTRALIA BANK - DEBIT INTERCHANGE REFORM SUBMISSION Sep 02. Page 3 of 5. ... The RBA/ACCC rationale for no interchange is:. • A debit card is simply a method of accessing a transaction account and it is analternative to cheques, direct debits
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/responses-disc-paper/nab-130902.pdf