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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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Resource Costs of Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Of the remote payment options, direct debit is considerably less resource intensive than BPAY, debit and credit cards. ... There is no scheme involved in direct debit payments; direct debits are facilitated by the set of bilateral relationships between
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html

The Evolution of Payment Costs in Australia

3 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
On a per transaction basis, direct debit remains the lowest-cost payment instrument while cheques remain the most expensive. ... At the point of sale, payments using cash, eftpos and contactless MasterCard & Visa debit cards have broadly similar costs
https://www.rba.gov.au/publications/rdp/2014/2014-14.html

Appendix A: Additional Detailed Results

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
MasterCard & Visa debit. Debit. Financial institutions. Total costs. 0.27. 0.24. ... Dollars per transaction, at average transaction value. Direct debit. Direct credit.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html

Appendix B: Payment Activity in the Sample

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
MasterCard & Visa debit transactions account for just over 15 per cent of the number of debits, with a similar number made through electronic forms of payment such as BPAY and direct ... Remote. 3. 0. 3. 12,818. 0. 12,818. Direct debit. 43. 0.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-b.html

Conclusion

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
BPAY and direct debit, which are electronic payment methods typically used for remote bill payments, remain the least resource intensive. ... Contactless debit transactions are also relatively low cost at very low payment values.
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.html

Introduction

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
On this basis, cash, eftpos and contactless MasterCard & Visa debit transactions have broadly similar resource costs for transactions of under about $20. ... Of all methods considered in the study, direct debit remains the lowest cost, while cheques
https://www.rba.gov.au/publications/rdp/2014/2014-14/introduction.html

Small Businesses Costs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Cheques. 75. 0–10. 0–10. Direct debit/direct credit. 63. 0–10. 0–10. BPAY. ... 1. 30. Cheques. 1. 1. Direct debit or BPAY. 1. 2.
https://www.rba.gov.au/publications/rdp/2014/2014-14/small-businesses-costs.html

Appendix D: Description of Survey of SMEs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
The detailed split between MasterCard & Visa debit and credit transaction costs was based on a smaller sample of 31 responses. ... Due to both lower rates of acceptance and low response rates to these questions, the costs for direct debit/credit and BPAY
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-d.html

Related Literature and Scope

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Studies conducted by central banks tend to rely on direct surveys of the costs of financial institutions and merchants. ... In particular, this study considers the costs associated with cash, debit and credit cards, cheques, direct debit and BPAY payments
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html