Search: debit card
RBA Glossary definition for debit card
debit card – A debit card is a card that enables the holder to access funds in a deposit account at an authorised deposit-taking institution.
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Background to Reforms | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
The two debit card systems operate alongside a number of other retail payment systems including credit and charge cards, direct credits, direct debits, BPAY, cheques and cash. ... Moreover, merchants are charged the same fee on both cards despite the
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/background.html
Update on availability and enablement of least-cost routing for merchants - Data as at December 2023 (published February 2024)
27 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/update-on-implementation.html
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
The difference in interchange fee flows has tended to result in card issuers favouring scheme debit cards and promoting them to customers, while merchants have tended to favour EFTPOS. ... At that time, the Board required that the card schemes remove
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
Payments System Board Consultation on Card Surcharging
8 Jun 2011
Media Releases
At its meeting on 20 May, the Payments System Board decided to hold a public consultation on potential modifications to the ‘no-surcharge’ Standards that apply to the credit card and scheme debit card systems in Australia
https://www.rba.gov.au/media-releases/2011/mr-11-10.html
3. Dual-network debit cards and least-cost routing | Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/dual-network-debit-cards-and-least-cost-routing.html
Submission for the Review of Retail Payments Regulation
11 Feb 2020
DOCX
33KB
Some or all debit card payments should not be surcharged if debit cards have replaced cash as the payment method of choice. ... Furthermore, if debit cards become the payment method of choice, it could be argued that merchants shouldn’t surcharge debit
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX
Review of Card Surcharging: A Consultation Document | Consultations
7 Jun 2011
Consultations
REFORMS: Credit Cards; Debit Cards; The ATM System; ATM Fee Reforms; Review of Card Payment Systems Reforms; Account Switching; POLICY FRAMEWORK: Payments System Board; Core Principles for Systemically Important Payment Systems; Standards for
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/
The Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…
7 Jun 2011
Consultations
Because debit cards allow consumers to use their own funds, these changes in attitude are likely to increase debit card use at the expense of credit cards. ... For example, scheme debit cards are the dominant debit card option for holiday travel and
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html
Attachment A | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
Reform of Debit Card Systems in Australia:. A Consultation Document – December 2005 Attachment A. ... debit card transaction’ or ‘transaction’ means a transaction in Australia using the EFTPOS system;.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-a.html
Exclusion of Scheme Debit Transactions from Table C2: Explanatory Note
9 Mar 2023
Statistics
In March 2008, the RPS collection was expanded to separately identify transactions on scheme debit cards. ... These trends have diverged over recent years, with debit card payments – particularly scheme debit – continuing to grow strongly, while the
https://www.rba.gov.au/statistics/tables/exp-note/c2-note-120510.html