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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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Leaning In: Towards Better Payment and Clearing Systems
17 May 2019
Speech
PDF
401KB
We see this in all sorts of payment systems. The more merchants that take cards,for example, the more benefit there is to holding a card. ... When dipping or swipingtheir card, consumers could choose the credit button to direct the transaction through
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-05-16.pdf
Changes in Banking: Looking Back and Looking Forward
17 Dec 2019
Speech
PDF
242KB
Using these data, a non-bankcould, for example, suggest accounts or cards that better suit a customer's needs or use theinformation for detailed credit assessment. ... 10]. The major banks are now reporting required data on credit card, personal loan and
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-12-16.pdf
Remarks at the Breakfast event to launch ASIC's National Financial Capability Strategy 2018
22 Aug 2018
Speech
PDF
99KB
We all need to prepare for that rainy day. It rarely makes sense to take all thecredit that you are offered, whether on a credit card or when you apply for
https://www.rba.gov.au/speeches/2018/pdf/sp-gov-2018-08-21.pdf
13/12/2017 An eAUD? | Speeches http://www.rba.gov.au/speeches/2017/sp-gov-2017-12-13.html 1/12 ...
12 Dec 2017
PDF
222KB
the number of debit and credit cardtransactions and in transactions using the direct entry system. ... the need to address rising rates of fraud in card-not-present transactions.
https://www.rba.gov.au/speeches/2017/pdf/sp-gov-2017-12-13.pdf
A Journey Towards a Near Cashless Payments System
28 Nov 2018
Speech
PDF
315KB
For credit cards,Australian merchants, on average, pay 0.8 per cent of the transaction value for Mastercard/Visatransactions. ... cent of the total merchant service fee on credit cards.
https://www.rba.gov.au/speeches/2018/pdf/sp-gov-2018-11-26.pdf
3/21/2019 Property, Debt and Financial Stability | Speeches | ...
21 Mar 2019
PDF
426KB
There is very little debt related to non-housing loans such as credit cards or car loans. ... The evidence points towardsdeclining demand for housing credit as being a more important factor.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-03-20.pdf
11/29/2018 Securitisation and the Housing Market | Speeches | ...
28 Nov 2018
PDF
441KB
In other words, the banks tightened thesupply of credit, most notably for investors. ... the past 18 months,after remaining broadly stable for the previous 5 years (Graph 10; in addition to RMBS, ABS coverother assets such as car loans and credit card
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-11-26.pdf
Cryptocurrencies and Distributed Ledger Technology
26 Jun 2018
Speech
PDF
347KB
For example,while authorisation of a debit or credit card transaction is close to immediate, bitcoin users aretypically advised to wait for the creation of about six additional blocks (i.e., ... They can hold physical cash,which is a liability of the
https://www.rba.gov.au/speeches/2018/pdf/sp-so-2018-06-26.pdf
Retail Central Bank Digital Currency: Design Considerations and Rationales
15 Oct 2020
Speech
PDF
284KB
In this way it wouldfunction in much the same way as credit and debit cards currently do. ... The Bank has used its formal regulatory powers in the past to addresscompetition and efficiency concerns in the card payments market.
https://www.rba.gov.au/speeches/2020/pdf/sp-so-2020-10-14.pdf
13/12/2017 The Availability of Business Finance | Speeches | ...
16 Jan 2018
PDF
439KB
Nevertheless, these platforms could provide somecompetition to traditional lenders, particularly as a source of unsecured short-term finance, sincethey process applications quickly and offer rates below those on credit cards. ... Entrepreneurs starting
https://www.rba.gov.au/speeches/2017/pdf/sp-ag-2017-12-13.pdf