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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Feedback received on Conclusions Paper: The Australian Debit Card Market: Default Settings and Tokenisation
19 Dec 2023
Feedback received on Conclusions Paper: The Australian Debit Card Market: Default Settings and Tokenisation. ... In September 2023 the Bank published a Conclusions Paper: The Australian Debit Card Market: Default Settings and Tokenisation, which included
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/expectations-on-tokenisation/feedback-conclusions-paper-the-aus-debit-card-market-default-settings-and-tokenisation.html
Other Retail Payments Developments
12 Sep 2014
PSB Annual Report
– 2014
The pricing of debit cards to consumers is less clear than credit cards because debit card services are generally bundled with a range of transaction and account services. ... These cards are largely promoted as enabling the cardholder to load foreign
https://www.rba.gov.au/publications/annual-reports/psb/2014/other-ret-pay-dev.html
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
The Board has also actively encouraged reforms in the Australian debit card network. ... The network structure and the direction of debit card interchange fee flows in Australia is unique.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html
Additional Submission on Reform of Debit Card Systems in Australia Proposed Scheme Debit Standard
7 Mar 2006
PDF
30KB
Submissions on Reform of Debit Card Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-debit/moneyswitch-070306.pdf
Background to Reforms | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
The two debit card systems operate alongside a number of other retail payment systems including credit and charge cards, direct credits, direct debits, BPAY, cheques and cash. ... Moreover, merchants are charged the same fee on both cards despite the
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/background.html
Update on availability and enablement of least-cost routing for merchants - Data as at December 2023 (published February 2024)
27 Feb 2024
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/update-on-implementation.html
Payments System Board Consultation on Card Surcharging
8 Jun 2011
Media Releases
At its meeting on 20 May, the Payments System Board decided to hold a public consultation on potential modifications to the ‘no-surcharge’ Standards that apply to the credit card and scheme debit card systems in Australia
https://www.rba.gov.au/media-releases/2011/mr-11-10.html
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
The difference in interchange fee flows has tended to result in card issuers favouring scheme debit cards and promoting them to customers, while merchants have tended to favour EFTPOS. ... At that time, the Board required that the card schemes remove
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
Attachment A | Reform of Debit Card Systems in Australia: A Consultation Document – December 2005
9 Mar 2023
Reform of Debit Card Systems in Australia:. A Consultation Document – December 2005 Attachment A. ... debit card transaction’ or ‘transaction’ means a transaction in Australia using the EFTPOS system;.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-dec05/attachment-a.html
3. Dual-network debit cards and least-cost routing | Review of Retail Payments Regulation – Conclusions Paper
9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/dual-network-debit-cards-and-least-cost-routing.html