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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Card Payments
27 Nov 2023
RDP
2023-08
More recently, in response to the pandemic, banks sent debit cards to Australian account holders who did not have a linked debit card (e.g. ... Debit cards. 4.3. 7.3. Reward cardholder status. Owns a rewards card.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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Debit Cards
20 Sep 2005
PSB Annual Report
– 2005
Payments System Board Annual Report – 2005 Debit Cards. During the year, the Bank released three draft standards applying to the debit card systems operating in Australia, and imposed an access regime ... In particular, merchants are not permitted to
https://www.rba.gov.au/publications/annual-reports/psb/2005/debit-cards.html
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
Scheme debit cards use the processing infrastructure of the international card schemes, and can be used to undertake transactions over the internet and telephone (without a signature authorisation), as well as ... Scheme debit, however, had a competitive
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
The main focus has been on card payment systems – credit cards, debit cards (EFTPOS) and ATM networks – where earlier analysis by the Reserve Bank, in conjunction with the Australian Competition and ... in reforming debit card interchange fees at the
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
Recent data show that, from a merchant's perspective, credit card transactions cost several times as much as debit cards. ... b. 0.70. b. 0.65. Debit card. a. 0.26. 0.21. 0.47. 0.50.
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Private Net Costs
31 Dec 2014
RDP
2014-14
Although credit cards have a higher social cost than debit cards, the private net cost to consumers is similar; credit card costs being greatly reduced by the interest-free period, reward ... For MasterCard & Visa credit card payments, the net transfer
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
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Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The study analysed interchange fee arrangements for ATM, credit cards and debit card payment networks separately. ... of other payment instruments, particularly debit cards and direct debits, that consume fewer resources.
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Modelling Consumer Payment Behaviour for Australia
1 Jul 2009
RDP
2009-04
However, while cash and debit cards are held by almost all consumers, many do not have a credit card. ... Perhaps for transactions that a consumer already prefers to perform on a credit card, debit cards are a closer substitute.
https://www.rba.gov.au/publications/rdp/2009/2009-04/modelling-consumer-payment-behaviour-australia.html
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Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
of interchange revenue if its customer used a scheme debit card rather than an EFTPOS card. ... MasterCard has also introduced a chip rate for its debit cards, applicable when a card with a chip is used in a terminal that is not chip enabled.
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html