Search: direct debit
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 Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…
7 Jun 2011
Consultations
This covered all payments initiated by a third party, including direct debits through the direct entry system as well as automatic payments initiated on credit and scheme debit cards. ... Direct debits are widely used by consumers, with over
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
This service can be used as a modern alternative to the direct debit system, giving payers greater control and transparency over their recurring payments. ... Currently, some payment systems have access criteria that make it difficult for non-banks to
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
FSR Developments in the Financial System
10 Sep 2008
FSR
– September 2008
Another key element of the package is the introduction of a ‘listing and switching’ service in relation to transaction accounts, to simplify the process of identifying existing direct debit and credit ... if requested by the customer, the customer's
https://www.rba.gov.au/publications/fsr/2008/sep/dev-sys-infra.html
List of tables
20 Sep 2018
PSB Annual Report
– 2018
Direct credits. (a). 16.6. 62.8. 3,483. 6.9. 2.8. 7.5. 4.8. Direct debits. ... e) Includes BPAY; adjusted for a reporting change in May 2018, which decreased the number and value of direct credit and direct debit payments.
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html
List of tables
14 Sep 2017
PSB Annual Report
– 2017
18.7. 51.9. 4,045. 6.9. 5.4. 7.1. 4.9. Direct debits. 10.0. 35.7. ... a)(b). Excluding GST; cents unless otherwise specified. Category. Debit Schemes. Prepaid Schemes.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
Domestic Regulatory Developments
8 Apr 2022
FSR
– April 2022
The direct effects on the Australian financial system have therefore been modest so far. ... These are the Mastercard debit and credit card systems, the Visa debit and credit card systems, the EFTPOS card system and the New Payments Platform.
https://www.rba.gov.au/publications/fsr/2022/apr/regulatory-developments.html
List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
Number. Value. Direct entry. 30.2. 87.4. 9.1. 15.1. Direct debits. 9.6. ... 37.8. 12.4. 17.0. Direct credits. 20.7. 49.6. 8.0. 13.9. Debit cards.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html
List of tables
24 Oct 2016
PSB Annual Report
– 2016
BPAY. 3.7. 2.2. 923. 3.5. 8.1. 4.9. 10.4. Direct debits. (a). ... Number per capita, 2014. Cheques. Direct debits. Direct credits. Debit card.
https://www.rba.gov.au/publications/annual-reports/psb/2016/tables.html
Transactional Banking at the RBA in Extraordinary Times
18 Jun 2020
Bulletin
– June 2020
The Reserve Bank of Australia (RBA) is the banker to the Commonwealth of Australia, supporting the Australian Government in its daily banking needs.
https://www.rba.gov.au/publications/bulletin/2020/jun/transactional-banking-at-the-rba-in-extraordinary-times.html
Bank Deregulation in Australia: Choice and Diversity, Gainers and Losers | Conference – 1991
21 Jun 1991
Conferences
Again, non-bank financial intermediaries and direct financiers stepped in to fill the breach. ... Bankcard debit/credit card. Enhanced retirement services. 1987. Life insurance. Fixed-rate mortgage lending.
https://www.rba.gov.au/publications/confs/1991/harper.html