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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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A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
prescribed as critical are the Mastercard debit and credit card systems, the Visa debit and credit card. ... more competitive pressure on card payments system operators and participants to lower the costs.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Figure 8B.1 | Submission to the Financial System Inquiry – March 2014
19 Mar 2019
Submissions
debit cards) or later (e.g. credit cards). The transaction amount is paid by the cardholder's financial institution to the merchant's financial institution who in turn pays the merchant. ... However, in the case of credit card transactions, cardholders
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8b.1.html
Reforms to the Payment Systems (Regulation) Act 1998
20 Dec 2023
Submissions
PDF
306KB
that merchants choosing to accept Mastercard or Visa credit cards are not obliged by scheme rules to. ... accept Mastercard or Visa debit or prepaid cards, and vice-versa. However, these undertakings may,.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/treasury-consultation-on-reforms-to-the-psra-submission-07-07-2023.pdf
65 Martin Place Sydney NSW 2000 GPO Box 3947 ...
23 Apr 2020
Submissions
PDF
580KB
Credit cards and some debit cards allow payments to be initiated by a merchant with the customer’s card number and associated security information. ... monetary benefit from their credit card. Around 50 per cent of loss-marking cardholders did not
https://www.rba.gov.au/publications/submissions/payments-system/pdf/future-directions-for-the-consumer-data-right.pdf
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
For non-cash payments, since 1997 there has been a marked increase in the absolute and relative use of debit and credit/charge cards (Credit card use grew strongly in the ... This reflected the Wallis Report's finding that ad valorem interchange fees on
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html
List of tables | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector | Submissions
1 Jan 1991
Submissions
Comprehensive Transaction Accounts. For customers wanting one account which includes cheque book, ATM access, daily crediting of interest, links to credit cards, regular payment of bills, and an overdraft facility. ... Home Equity Loans/Secured Lines of
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/tables.html
Appendix A: Trends in the Australian Financial System | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector |…
6 Sep 1996
Submissions
Table A1 illustrates long-run trends in the structure of the credit institutions sector. ... In the US, where disintermediation has been a feature of the financial system for a decade or more, almost two-thirds of residential mortgages and half of the
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/appendix-a.html
Submission to the Inquiry into Family Business in Australia - October 2012
31 Oct 2012
Submissions
PDF
784KB
Parliamentary Joint Committee on Corporations and Financial Services
https://www.rba.gov.au/publications/submissions/financial-sector/pdf/inquiry-family-business-2012.pdf
Submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Mobile payment and digital wallet…
26 May 2021
Submissions
PDF
626KB
a digital representation of their debit and/or credit cards. ... and credit cards, meaning NFC payments can generally be accepted by any card terminal that accepts contactless payments with a plastic card.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-mobile-payment-and-digital-wallet-financial-services.pdf
Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…
13 Jan 1997
Submissions
Similarly, in the US several money market funds, such as Merrill Lynch and Charles Schwab, offer cheque and credit card facilities which are ultimately provided by a bank. ... Under the rules of some clearing systems (such as the international credit
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html