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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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Modernising Payments Messaging: The ISO 20022 Standard

17 Sep 2020 Bulletin – September 2020
Tarnia Major and Joseph Mangano
Electronic payments rely on the exchange of messages to instruct the flow of funds between financial institutions.
https://www.rba.gov.au/publications/bulletin/2020/sep/modernising-payments-messaging-the-iso-20022-standard.html

Central Counterparty Interoperability

10 Jun 2012 Bulletin – June 2012
Nicholas Garvin
for cash settlement, and a single net credit or debit for each security traded. ... conceivable that a linked CCP and a direct participant could default at the same time.
https://www.rba.gov.au/publications/bulletin/2012/jun/7.html

Banking Fees in Australia

21 Jun 2018 Bulletin – June 2018
Emily Perry and Christian Maruthiah
Consistent with these observations, the ratio of merchant service fee income to credit and debit card transactions was relatively stable in 2017, as it has been over the past few years ... Looking ahead, banks' merchant service fee income is likely to be
https://www.rba.gov.au/publications/bulletin/2018/jun/banking-fees-in-australia.html

Measuring Profits from Currency Issue

10 Jul 1997 Bulletin – July 1997
For example, in most firms, first cheques, then the direct crediting of bank accounts, have replaced the cash payment of wages and salaries. ... More broadly, the values of payments by credit and debit cards have increased at annual rates of 26 and 34
https://www.rba.gov.au/publications/bulletin/1997/jul/1.html

Statement on Monetary Policy

10 Nov 2005 Bulletin – November 2005
Statement on Monetary Policy-November 2005
https://www.rba.gov.au/publications/bulletin/2005/nov/1.html

Banking Fees in Australia

10 Jun 2010 Bulletin – June 2010
Merchant service fees – which are charged to merchants for providing credit and debit card transaction services – rose by 2 per cent in 2009 (Graph 3). ... While the typical post-reform direct charge is unchanged from the level of the typical
https://www.rba.gov.au/publications/bulletin/2010/jun/5.html

New Payments Insights from the Updated Retail Payments Statistics Collection

21 Mar 2019 Bulletin – March 2019
Stephen Mitchell and Hao Wang
Banks' funding costs increased a little over 2018, driven by a rise in the cost of wholesale funding linked to money market rates, but with some offset from reductions in the cost of retail deposits.
https://www.rba.gov.au/publications/bulletin/2019/mar/new-payments-insights-from-the-updated-retail-payments-statistics-collection.html

The Effect of Least-cost Routing on Merchant Payment Costs

18 Apr 2024 Bulletin – April 2024
Boston Dobie and Benjamin Watson
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html

The New Payments Platform and Fast Settlement Service

20 Sep 2018 Bulletin – September 2018
Alexandra Rush and Riaan Louw
A significant advance in the Australian payments system occurred in February 2018 with the public launch of the New Payments Platform (NPP).
https://www.rba.gov.au/publications/bulletin/2018/sep/the-new-payments-platform-and-fast-settlement-service.html

The Reserve Bank's Domestic Market Operations

10 Dec 1990 Bulletin – December 1990
Occasionally, the Bank also buys Treasury bonds with less than three months to maturity direct from banks if market conditions warrant. ... All these transactions are settled on a same-day basis by direct entries to exchange settlement accounts at the
https://www.rba.gov.au/publications/bulletin/1990/dec/2.html