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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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Competition and Efficiency

21 Mar 2002 PSB Annual Report – 2001
Since the Charter was published, two developments have turned the spotlight onto direct debits and the importance of consumer safeguards. ... These two developments promise a further strengthening of consumer safeguards for direct debits.
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html

Competition and Efficiency

1 Oct 2000 PSB Annual Report – 2000
As with other means of accessing a transaction account, such as cheques, direct debits and direct credits, financial institutions offering debit card payment services could seek to recover their costs directly ... of other payment instruments,
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html

Competition and Efficiency

24 Mar 2003 PSB Annual Report – 2002
These safeguards are enshrined in the Charter for Direct Debit Customers, first published in 2000, which guarantees service levels for retail customers. ... Recently, APCA has introduced more streamlined procedures that allow customers to cancel direct
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html

The Board's First Year

1 Oct 1999 PSB Annual Report – 1999
3.75. Direct debits. 0.15. BPAY. 0.60. Including merchant service fees if credit card used. ... To provide a basis for promoting direct debits to the Australian community, the Board would like to see the development of a Code of Conduct for direct debit
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html

The Evolution of Payment Costs in Australia

11 Apr 2019 RDP PDF 1298KB
On a per transaction basis, direct debit remains the lowest-cost payment instrument while cheques remain the most expensive. ... Of the remote payment options, direct debit is considerably less resource intensive than BPAY, debit and credit cards.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf

Trends in Retail Payments

2 Oct 2013 PSB Annual Report – 2013
for direct debits) do not correspond to levels typically associated with ‘consumer’ payments. ... The share of other electronic payment methods (direct debit, direct credit and e-money transactions) remained at around 30 per cent of the number of
https://www.rba.gov.au/publications/annual-reports/psb/2013/trends-in-ret-pay.html

Retail Payments Trends

24 Oct 2016 PSB Annual Report – 2016
Direct Entry (DE) payments account for the bulk of the value of non-cash retail payments. ... However, there is also evidence of consumers increasingly establishing direct debit arrangements for lower-value bill payments, with the average value of direct
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html

Retail Payments Developments

9 Oct 2015 PSB Annual Report – 2015
Debit and credit cards are the most frequently used non-cash payment methods. ... In 2014/15 growth in the value of direct debits and direct credits was slightly above the average for the past few years.
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html

Payments System Board Annual Report 1999 - The Australian Payments System

22 Sep 2005 PSB Annual Report 1999 PDF 986KB
https://www.rba.gov.au/publications/annual-reports/psb/1999/pdf/payments.pdf

Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey

14 Sep 2020 RDP 2020-06
James Caddy, Luc Delaney and Chay Fisher
a credit card still made over half of their payments using a debit card. ... direct debits), which are recorded separately in a post-diary questionnaire (see Section 6.2).
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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