Search: direct debit
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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The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.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
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
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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Resource Costs of Payments
31 Dec 2014
RDP
2014-14
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
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How Australians Pay: Evidence from the 2016 Consumer Payments Survey
1 Jul 2017
RDP
2017-04
A small decline in the relative use of BPAY may reflect increased use of automated payments (which include BPAY) and direct debits for bill payments, which were recorded separately (see Section ... They also include direct debits, where an individual
https://www.rba.gov.au/publications/rdp/2017/2017-04/full.html
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The Changing Way We Pay: Trends in Consumer Payments
4 Feb 2015
RDP
PDF
1225KB
2 Transaction-level information about direct debits was collected in the end-of-survey. ... direct debit – where an individual gives prior authorisation to a merchant for payments to be automatically deducted from their bank account. •
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-05.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
Figure 19: Change in Share by Number of Debit and Credit Card Payments. ... Debit cards. 4.3. 7.3. Reward cardholder status. Owns a rewards card.
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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How Australians Pay: Evidence from the 2016 Consumer Payments Survey
24 Jul 2017
RDP
PDF
1438KB
reflect increased use of automated payments (which include BPAY) and direct debits for bill. ... For. instance, according to the RBA’s monthly retail payment statistics, the number of direct debits and BPAY payments.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
5.4 Surcharging of card transactions 27. 5.5 Dual network debit cards 29. ... very important’ or ‘important’ that a merchant accepts debit card payments (Figure 4).
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf