Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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The Evolving Retail Payments Landscape
28 Sep 2022
PSB Annual Report
– September 2022
11.3. – Credit cards. 18.4. 1.8. 108. 1.8. 8.4. 6.2. 3.2. ... A higher proportion of debit card than credit card payments are made using mobile wallets.
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html
List of tables
11 Sep 2008
PSB Annual Report
– 2008
4. 6. MasterCard/Visa credit card. 9. 17. American Express/Diners Club card. ... 21. 87. 75. Includes BPAY transactions. Split between debit and credit cards not available.
https://www.rba.gov.au/publications/annual-reports/psb/2008/tables.html
Developments in Retail Payment Systems
25 Oct 2010
PSB Annual Report
– 2010
Within the credit and charge card category, trends in the use of individual products have been affected by the introduction of ‘companion’ American Express credit cards by two major banks. ... As a result, MasterCard was required to remove its
https://www.rba.gov.au/publications/annual-reports/psb/2010/dev-payments.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
an average increase of 5 per cent for credit cards, whereas in Australia growth in credit card use outpaced that for debit cards. ... In general, the use of EFTPOS relative to credit cards declines with age and income; and transactors tend to use their
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
for a renewal of its third-party supply arrangements for card acquiring and payment gateway services. ... The LVSS collates interbank obligations, which arise from cheques, some debit and credit cards, BPAY, ATMs and direct entry payments that have not
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
At that time, the Board required that the card schemes remove their so-called ‘honour all cards’ rules as they applied to debit and credit transactions. ... While scheme debit (and credit) cards are readily used for online payments, the use of EFTPOS
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
The main new policy measures in this area included:. An expectation that larger debit card issuers will continue to issue dual-network debit cards (DNDCs). ... The systems that have been specified as critical are the Mastercard debit and credit card
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
The Evolving Payments Landscape
21 Oct 2021
PSB Annual Report
– 2021
Payment cards are the most commonly used retail payment method in Australia, and debit cards are increasingly preferred to credit cards for many transactions. ... In most cases, customers use a mobile app to access these services and repayments are drawn
https://www.rba.gov.au/publications/annual-reports/psb/2021/the-evolving-payments-landscape.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
Weighted-average interchange fees are required to be at or below a benchmark of 0.50 per cent for credit cards, and 8 cents for debit and prepaid cards. ... Visa debit and credit card systems; the eftpos card system; and the NPP.
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Regulatory Developments in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
European Economic Area (EEA), and to the domestic Visa credit card transactions of eight European Union (EU) member states. ... and credit card transactions to 0.20 per cent and 0.30 per cent of the transaction value, respectively.
https://www.rba.gov.au/publications/annual-reports/psb/2013/reg-dev-ret-pay.html