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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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The Shift to Electronic Payments – Some Policy Issues
28 Mar 2023
Speech
Speech delivered by Ellis Connolly, Head of Payments Policy, AFR Banking Summit, Sydney
https://www.rba.gov.au/speeches/2023/sp-so-2023-03-28.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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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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Gresham's Law of Payments
23 Mar 2005
Speech
Speech by Ian Macfarlane to the Australasian Institute of Banking + Finance (AIBF) Industry Forum 2005, Sydney
https://www.rba.gov.au/speeches/2005/sp-gov-230305.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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Payments System Reform: The Australian Experience
6 May 2005
Speech
Remarks by Philip Lowe to the Federal Reserve Bank of Kansas City Conference on Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities-, Santa Fe
https://www.rba.gov.au/speeches/2005/sp-ag-070505.html
Innovation and Regulation in the Australian Payments System
7 Dec 2020
Speech
Speech delivered by Philip Lowe, Governor, to the Australian Payments Network, Online
https://www.rba.gov.au/speeches/2020/sp-gov-2020-12-07.html
Payment Cards
8 Aug 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 5: Debit Card Payments by Age. Per cent of number of card payments, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/payment-cards.html
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Literature
8 Oct 2018
RDP
2018-11
and the offer of rewards points provide monetary incentives for consumers to use credit cards instead of alternative payment methods, such as debit cards or cash; in most other respects, credit ... In addition to potential practical barriers to switching
https://www.rba.gov.au/publications/rdp/2018/2018-11/literature.html
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