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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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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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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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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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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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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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Other Remote Payment Methods
31 Dec 2014
RDP
2014-05
direct debit – where an individual gives prior authorisation to a merchant for payments to be automatically deducted from their bank account. ... BPAY and direct debit together account for around half of all bill payments; internet and phone banking
https://www.rba.gov.au/publications/rdp/2014/2014-05/oth-rem-pay-meth.html
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The ATM Market in Australia
31 Dec 2012
RDP
2012-03
A year on from the reform, direct fees had largely stayed at this level (Filipovski and Flood 2010). ... $2.00). $0.10. ($0.00). $0.00. ($0.00). $0.00. ($0.00). Direct fee. $0.00. ($0.00).
https://www.rba.gov.au/publications/rdp/2012/2012-03/atm-mkt-australia.html
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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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Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
Figure 11: Estimates of Cash Spending. Monthly. Notes: Card payments includes payments made by businesses using debit cards; dashed line indicates points that have been interpolated or extrapolated; dots indicate direct ... Banknote lodgements, on the
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
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A Model of Competing Payment Systems
17 Apr 2009
RDP
2009-02
and. to merchants for the use of their cards. Thus, for platform i, each consumer that subscribes generates direct revenue. ... Some consumers, for instance, may be particularly averse to taking on debt, and so appreciate the budgeting discipline
https://www.rba.gov.au/publications/rdp/2009/2009-02/model-competing-payment-systems.html
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