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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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Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 Submissions
These wallets enable consumers to make contactless (and in some cases online) payments with a smartphone or other consumer device using a digital representation of their debit and/or credit cards. ... and credit cards, meaning NFC payments can generally
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Graph 30. MasterCard, Visa and eftpos compete in the debit card market (the American Express and Diners Club schemes do not include debit cards). ... Different card transactions have different costs for merchants, with debit cards usually having lower
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html

List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
37.8. 12.4. 17.0. Direct credits. 20.7. 49.6. 8.0. 13.9. Debit cards. ... 324. 147. 286. 175. 275. 152. 293. 251. 376. (a) Includes charge debit cards.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Increasing use of debit and credit cards for lower-value payments has been the most notable aspect of the growth in electronic payments to date. ... systems, along with access regimes for several card systems and the ATM system.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-References

8 May 2024 Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... RBA and ACCC (2000), Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access, October.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/references.html

Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
the point of sale, and certain types of debit cards can now be used in a card-not-present environment (e.g. ... For credit and debit cards (the focus of the Bank's reforms) merchants are usually charged a ‘merchant service fee’ for every card payment
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html

Submission to the ACCC: eBay and PayPal – 2 May 2008 | Payments System | Submissions

2 May 2008 Submissions
Online payments in Australia have tended to be dominated by credit and scheme debit cards; unlike a number of other countries, an online EFTPOS-like option is not available. ... For example, the ‘honour all cards’ rule imposed by card schemes
https://www.rba.gov.au/publications/submissions/payments-system/ebay-and-paypal/

Figure 8B.1 | Submission to the Financial System Inquiry – March 2014

19 Mar 2019 Submissions
debit cards) or later (e.g. credit cards). The transaction amount is paid by the cardholder's financial institution to the merchant's financial institution who in turn pays the merchant. ... However, in the case of credit card transactions, cardholders
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8b.1.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
Regulation of other incentive payments in debit card schemes has been implemented in the United States (Federal Reserve System 2011). ... There might also be a case for reviewing card scheme rules that require merchants to accept all credit cards or all
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

References | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
Federal Reserve System (2011), ‘Regulation II, Debit Card Interchange Fees and Routing; Final Rule’, 12 CFR Part 235, Federal Register, Vol 76, No 139. ... Available at
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/references.html