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RBA Glossary definition for direct debit

direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).

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Banking in the 21st Century: The Transformation of an Industry | Conference – 1996

9 Jul 1996 Conferences
David T. Llewellyn
Similarly, the development of credit cards and debit cards erodes this same monopoly, and an increasing proportion of transactions can now be executed without the need for even a temporary stock ... Financial innovation and technology are also eroding
https://www.rba.gov.au/publications/confs/1996/llewellyn.html

Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments

8 May 2024 Submissions
The study found that direct debit payments had the lowest resource costs, while cheques were the most expensive payment instrument (The difference in resource costs across the various payment instruments reflect ... For example, direct debit payments
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html

Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

8 May 2024 Submissions
Graph 1. In the Australian card payment market, a significant number of debit cards on issue are ‘dual-network’ cards. ... As part of the PIN@POS implementation, MasterCard and Visa have proposed a joint public communications strategy that includes
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html

Submission to Payments System Review

3 Feb 2021 Submissions PDF 1155KB
and settlement in Australia, specifically in relation to cards, cheques, direct debits and credits, and high-. ... Transactions per CapitaQuarterly, annualised. Credit cards. Debit cards. Cash. Direct debits and.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Direct participants connect to the NPP directly using their own NPP payment gateway. ... Identified institutions connect to the NPP indirectly via a direct participant's NPP payment gateway.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011

24 Jul 2000 Conferences
Kevin Davis
By reducing and aligning interchange fees for debit and credit cards, and providing greater merchant discretion, a substantial increase in the relative use of debit cards has eventuated. ... for on-lending rather than facilitating direct borrowings by
https://www.rba.gov.au/publications/confs/2011/davis.html

Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 Submissions
These wallets enable consumers to make contactless (and in some cases online) payments with a smartphone or other consumer device using a digital representation of their debit and/or credit cards. ... While technology platforms have the potential to
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Central Bank Frameworks: Evolution or Revolution?

4 Jan 2023 Conferences PDF 7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf

Inflation and Inequality: How High Inflation is Affecting Different Australian Households

23 Nov 2023 Conferences PDF 1469KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-wood-chan-coates.pdf

The Economics of Shadow Banking | Conference – 2013

19 Aug 2013 Conferences
Manmohan Singh
This includes the financial lubrication provided by intraday debits and credits, and cross-border payments of ‘cash or cash equivalents’ (i.e. ... their direct investment choices, but the portfolio choice and investment management techniques of their
https://www.rba.gov.au/publications/confs/2013/singh.html