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.
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Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
951. 7.0. 7.7. 9.5. 3.6. Card purchases using Australian-issued cards; debit card series includes prepaid cards. ... When paying with a card, Australians are increasingly choosing debit cards rather than credit cards.
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.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
Other Retail Payments Developments
2 Oct 2013
PSB Annual Report
– 2013
the debit card systems, with these fees paid by the acquirer (merchant's bank) to the issuer (cardholder's bank). ... alternative ‘consumer electronic’ rate for transactions where a debit card is inserted or swiped at a terminal.
https://www.rba.gov.au/publications/annual-reports/psb/2013/other-ret-pay-dev.html
Regulatory Developments in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
The Board also noted issues that had arisen between networks in the context of contactless debit cards, which had the potential, in the Board's view, to inhibit competition, limit choice ... In June 2012, the Reserve Bank of India issued a directive
https://www.rba.gov.au/publications/annual-reports/psb/2013/reg-dev-ret-pay.html
Non-technical summary for 'The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey'
20 Nov 2023
RDP
PDF
283KB
RDP 2023-08 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-08/rdp-2023-08-non-technical-summary.pdf
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
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Literature
8 Oct 2018
RDP
2018-11
and the offer of rewards points provide monetary incentives for consumers to use credit cards instead of alternative payment methods, such as debit cards or cash; in most other respects, credit ... In addition to potential practical barriers to switching
https://www.rba.gov.au/publications/rdp/2018/2018-11/literature.html
See 19 more results from "RDP 2018-11"
How Australians Pay: Evidence from the 2016 Consumer Payments Survey
24 Jul 2017
RDP
PDF
1438KB
cards (Table 1). Since the 2013 survey, the share of debit card payments has increased by slightly. ... debit card payments (2.5 per cent). This difference is consistent with credit cards tending to be.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf
Payments System Reform: The Australian Experience
17 May 2005
Bulletin
PDF
53KB
Remarks by Dr Philip Lowe, Assistant Governor (Financial System) for the Federal Reserve Bank of Kansas City Conference on 'Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities? Santa Fe, 4-6 May 2005
https://www.rba.gov.au/publications/bulletin/2005/may/pdf/bu-0505-3.pdf