Search: EFTPOS

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RBA Glossary definition for EFTPOS

EFTPOS – electronic funds transfer at point of sale. The eftpos system is a domestic debit card system managed by eftpos Payments Australia Limited.

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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
0.19. 0.41. eftpos. 2,388. 0.70. 1.7. 0.11. 1.02. MasterCard &. Visa debit cards. ... 0.28. 0.20. 0.48. 0.03. 0.51. eftpos. 0.22. 0.23. 0.45. 0.24. 0.70.
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
At the point of sale, payments using cash, eftpos and contactless MasterCard & Visa debit cards have broadly similar costs for transactions under about $20; above $20, eftpos is the lowest-cost
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
Dollars per transaction, at average transaction value. 2006. 2013. eftpos. eftpos. ... 0.16. 0.03. 0.19. 0.63. na. eftpos. Resource costs incurred. 0.23. 0.07.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html

Conclusion

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
However, cash has become slightly more expensive as its use has declined, while eftpos has become less expensive; these two methods are estimated to be the least costly of the methods ... The point at which cash is no longer lower cost than eftpos has
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.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
of withdrawals from ATMs since 2006 being offset by a similar increase in the share of withdrawals using eftpos (Table B1). ... Branch withdrawals. 29. 70,678. 2,412. 2. eftpos. Purchase only. 1,802. 93,593.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-b.html

Small Businesses Costs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
0–10. eftpos. 90. 20–30. 20–30. MasterCard & Visa debit or credit cards. ... 0.71. 33. eftpos. 0.91. 0.53. 1.45. 88. MasterCard & Visa total.
https://www.rba.gov.au/publications/rdp/2014/2014-14/small-businesses-costs.html

Influence of Payment Size

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
The analysis suggests that cash, eftpos and contactless MasterCard & Visa debit transactions have broadly similar costs under about $20. ... As transaction size increases, MasterCard & Visa debit and credit card (including contactless) transactions incur
https://www.rba.gov.au/publications/rdp/2014/2014-14/influence-payment-size.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. ... Above $20, eftpos is the lowest-cost payment method. At the average transaction size for each
https://www.rba.gov.au/publications/rdp/2014/2014-14/introduction.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
eftpos, MasterCard & Visa transactions using 94–146 responses and the component costs of American Express from around 38 responses.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-d.html

Private Net Costs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
pays a negative cost) for debit card transactions. Across debit card schemes, the net private costs are distributed similarly across the sectors, although the net private cost to merchants for eftpos
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html