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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
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
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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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 Economics of Shadow Banking
6 Jan 2014
Conferences
PDF
316KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/singh.pdf