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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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Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
8 May 2024
Submissions
Financial institutions do not agree to pay fees between themselves when their customers use cheques, direct debits or direct credits for making payments; customers pay fees and charges for these payment ... Furthermore, interchange fees for debit card
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
As with other means of accessing a transaction account, such as cheques, direct debits and direct credits, financial institutions offering EFTPOS payment services could seek to recover their costs directly from ... Merchants will therefore be significant
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions
8 May 2024
Submissions
Direct debit allows payments to be initiated by a merchant's financial institution, with the customer authorisation held by the merchant. ... Credit cards and some debit cards allow payments to be initiated by a merchant with the customer's card number
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
AusPayNet develops and administers rules and standards governing payments clearing and settlement in Australia, specifically in relation to cards, cheques, direct debits and credits, and high-value payments, as well as ... Payments often happen
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
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
This covered all payments initiated by a third party, including direct debits through the direct entry system as well as automatic payments initiated on credit and scheme debit cards. ... Direct debits are widely used by consumers, with over
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html
List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
Number. Value. Direct entry. 30.2. 87.4. 9.1. 15.1. Direct debits. 9.6. ... 37.8. 12.4. 17.0. Direct credits. 20.7. 49.6. 8.0. 13.9. Debit cards.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees - 21 March 2003
7 May 2008
Submissions
PDF
26KB
Reform of Debit Card (EFTPOS) Interchange Fees
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/pdf/eftpos-interchange-fees.pdf
Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations
6 Dec 2013
Consultations
A direct effect is likely to be that the costs of participation would be reduced for some entities. ... The Access Regime for the Visa Debit system was put in place in 2005.
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.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