Search: debit card
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.
Search Results
Card Payments
27 Nov 2023
RDP
2023-08
More recently, in response to the pandemic, banks sent debit cards to Australian account holders who did not have a linked debit card (e.g. ... Debit cards. 4.3. 7.3. Reward cardholder status. Owns a rewards card.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
See 11 more results from "RDP 2023-08"
Private Net Costs
31 Dec 2014
RDP
2014-14
Although credit cards have a higher social cost than debit cards, the private net cost to consumers is similar; credit card costs being greatly reduced by the interest-free period, reward ... For MasterCard & Visa credit card payments, the net transfer
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
See 13 more results from "RDP 2014-14"
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
See 14 more results from "RDP 2020-06"
The Cost of Card Payments for Merchants
15 Sep 2022
Bulletin
– September 2022
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html
The Cost of Card Payments for Merchants
19 Mar 2020
Bulletin
– March 2020
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
The Reserve Bank can see no reason why debit card issuers, in a competitive market environment, should not do so. ... Merchants will therefore be significant direct beneficiaries of debit and credit card reform, taken together, in terms of the net costs
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Modelling Consumer Payment Behaviour for Australia
1 Jul 2009
RDP
2009-04
However, while cash and debit cards are held by almost all consumers, many do not have a credit card. ... Perhaps for transactions that a consumer already prefers to perform on a credit card, debit cards are a closer substitute.
https://www.rba.gov.au/publications/rdp/2009/2009-04/modelling-consumer-payment-behaviour-australia.html
See 9 more results from "RDP 2009-04"
Payment Cards
8 Aug 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 5: Debit Card Payments by Age. Per cent of number of card payments, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/payment-cards.html
See 11 more results from "RDP 2017-04"
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
But for credit and debit cards (the focus of the Bank's reforms) merchants are usually charged a ‘merchant service fee’ for every card payment they accept. ... a credit card than cardholders that pay interest on their credit card; the latter group
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
8 May 2024
Submissions
Furthermore, interchange fees for debit card transactions have hardly changed since the 1980s. ... Conclusion on the social cost of payment systems. Table 4 summarises the estimates of resource costs for cash, debit cards and credit card transactions.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html