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RBA Glossary definition for balance of payments

balance of payments – A summary of the economic transactions between residents of one country and residents of other countries.

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The Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…

7 Jun 2011 Consultations
We also examine why people choose particular payment methods, which provides insight into where there may be gaps in innovation in the payments system. ... Other important payment options for bills are internet/telephone banking transfers and cash and
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html

Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper

8 May 2024 Submissions
Submissions – Payments System Proposed merger between Armaguard and Prosegur. Submission to the ACCC. ... its mandate under the PSRA to promote competition and efficiency in the payments system.
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html

Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…

13 Jan 1997 Submissions
Balance sheet risk management is also being assisted by wider use of securitisation. ... regulations and procedures specified by the Australian Payments Clearing Association (APCA), which set a range of requirements for the clearing of payment
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html

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

1 Aug 2014 Submissions
The Bank strongly endorses the Interim Report's finding that interchange fee caps have improved the functioning of four-party payment schemes and the payments system (FSI 2014, p xix). ... While interchange fees set by card schemes are an important
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations

6 Dec 2013 Consultations
balance between new entry to the MasterCard and Visa systems and risk in those systems that is in the public interest. ... At the same time, this approach allows the schemes themselves to balance benefits of new entry against the risks that new
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.html

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

6 Sep 2017 Submissions
From the early 2000s, the Bank began implementing a series of reforms in the payment cards market as part of its mandate to promote competition and efficiency in the payments system. ... These differences have contributed to some noticeable shifts in
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html

Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
ISO 20022 Migration for the Australian Payments System –. Responses and Options Paper – September 2019 2. ... This includes a payment initiation Application Programming Interface (API) with a batch booking indicator as well as ‘debulkers’ which
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html

Payments System Entry Points | International Comparisons of Bank Branches – An Update – April 1998 | Financial Sector | Submissions

1 Apr 1998 Submissions
Banking and payment services are also provided by non-bank financial intermediaries and particularly in Europe, by post offices. ... Customers can use their debit and credit cards at the post office to access their bank accounts for deposits, withdrawals,
https://www.rba.gov.au/publications/submissions/financial-sector/international-comparisons-of-bank-branches/payments-system-entry-points.html

The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations

6 Mar 2015 Consultations
This adjustment can be settled using securities or, if necessary, a cash transfer via the SIC payment system. ... This practice meant that the participant making the first payment in the chain faced principal risk until settlement of the chain was
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html

Policy Options | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations

10 Dec 2011 Consultations
that have been provided to cardholders and the resulting improvements to the overall efficiency in the payments system. ... need to balance the desire to set higher interchange fees with the likelihood of facing higher surcharges.
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/policy-options.html