Search: direct debit
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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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Depositor Protection in Australia
10 Dec 2011
Bulletin
– December 2011
APRA also has a wide range of legislated powers that enable it to take direct action if it identifies behaviour or financial distress that may threaten an ADI's ability to ... Banking Act 1959. They include a wide range of deposit products offered by ADIs
https://www.rba.gov.au/publications/bulletin/2011/dec/5.html
Recent Trends in Banknote Counterfeiting
16 Mar 2017
Bulletin
– March 2017
Counterfeiting banknotes is a crime under Australian law. Although counterfeiting in Australia remains modest by international standards, the rate of counterfeiting has been rising in recent years as counterfeiters have increasingly taken advantage
https://www.rba.gov.au/publications/bulletin/2017/mar/8.html
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
Bank Fees in Australia
20 Jun 2019
Bulletin
– June 2019
The Reserve Bank has conducted a survey on bank fees each year since 1997.
https://www.rba.gov.au/publications/bulletin/2019/jun/bank-fees-in-australia.html
Cash Use in Australia: New Survey Evidence
10 Sep 2011
Bulletin
– September 2011
Payment cards (credit and debit) account for the majority of payments between $50 and $500, while BPAY and internet/telephone banking play an increasing role for payments above $500. ... be replacing more standard debit and credit card transactions at
https://www.rba.gov.au/publications/bulletin/2011/sep/7.html
Payment Surcharges: Economics, Regulation and Enforcement
13 Dec 2018
Bulletin
– December 2018
The Reserve Bank's new rules on surcharging, which are enforced by the Australian Competition and Consumer Commission (ACCC), allow businesses to recover the cost of accepting different payment methods but prevent them from surcharging excessively.
https://www.rba.gov.au/publications/bulletin/2018/dec/payment-surcharges-economics-regulation-and-enforcement.html
Trends in Mobile Payments in Developing and Advanced Economies
22 Mar 2013
Bulletin
– March 2013
As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies,
https://www.rba.gov.au/publications/bulletin/2013/mar/8.html
Innovation and Governance of Payment Systems
10 Oct 2005
Bulletin
– October 2005
the EFTPOS or Visa Debit systems until after the outcome of the court case is known. ... In Australia, the EFTPOS system, the cheque system, the ATM system and the direct credit and debit systems all operate on a bilateral basis, while the credit card
https://www.rba.gov.au/publications/bulletin/2005/oct/6.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
Work is also currently under way to provide for more timely settlement of some payments from low-value systems, such as direct entry, that still settle in RITS on a ... At 9.00 am each day a batch of multilateral net obligations is settled that includes
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
The Future of Cash
15 Dec 2016
Bulletin
– December 2016
Australian consumers have increasingly been using electronic payment methods in preference to cash for their transactions. The overall demand for cash in Australia, however, remains strong. There is ongoing demand for cash for non-transaction
https://www.rba.gov.au/publications/bulletin/2016/dec/5.html