Search: direct debit
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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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Literature
8 Oct 2018
RDP
2018-11
Rewards programs often reflect a similar multi-tier pricing structure, with no direct comparison between the number of rewards points and their dollar value. ... In addition to potential practical barriers to switching cards (e.g. search costs, time
https://www.rba.gov.au/publications/rdp/2018/2018-11/literature.html
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Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
2 Oct 2018
RDP
PDF
1746KB
cash; in most other respects, credit cards provide very similar functionality to debit cards. ... search costs, time spent applying. for a new card and transferring any direct debits), there may also be behavioural barriers.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-11.pdf
Other Types of Payments
8 Aug 2017
RDP
2017-04
In 2016, respondents were specifically asked to record both direct debits and recurring ‘pay anyone’ transactions. ... In addition, some billers (e.g. energy retailers and insurers) now offer discounts for paying by direct debit.
https://www.rba.gov.au/publications/rdp/2017/2017-04/other-types-of-payments.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
Literature
11 Sep 2015
RDP
2015-03
Borzekowski, Kiser and Ahmed (2008) used survey data on debit card adoption and use to evaluate how US consumers reacted to per-transaction prices on card payments. ... 2.3 per cent surcharge on small-value payments would increase the use of debit cards
https://www.rba.gov.au/publications/rdp/2015/2015-03/literature.html
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A Structural Model of Counterfeiting and Methods of Payment
11 Sep 2015
RDP
2015-05
data. Deposit account transactions could be made using a proprietary debit card (e.g. ... Production costs. Financial institutions – direct payment costs. 0.59. 0.22. 0.18.
https://www.rba.gov.au/publications/rdp/2015/2015-05/structural-model-counterfeiting-methods-payment.html
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The Social Costs of Currency Counterfeiting
1 May 2015
RDP
PDF
881KB
direct loss; and the wider public can lose confidence in the functionality of the currency. ... data. Deposit account transactions could be made using a proprietary debit card (e.g.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-05.pdf
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
Currency Demand during the Global Financial Crisis: Evidence from Australia
2 Feb 2015
RDP
PDF
633KB
Most deposits were paid back between 1893 and 1901 and did not suffer direct financial losses, although there were ‘considerable indirect losses via frozen deposits’ (Kent 2011). ... EFTPOS terminals also allow substitution from cash to debit cards.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-01.pdf
ATM Fees, Pricing and Consumer Behaviour: An Analysis of ATM Network Reform in Australia
28 Jan 2015
RDP
PDF
739KB
issuer) that primarily reflects costs of ATM withdrawals made using a debit card. ... 10 This strategy has become known as the depositor-stealing motive for direct fees.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-03.pdf