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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Payment Systems (Regulation) Act 1998 Access Regime for the designated EFTPOS system
23 Feb 2004
Media Releases
Payment Systems (Regulation) Act 1998 Access Regime for the designated EFTPOS system
https://www.rba.gov.au/media-releases/2006/mr-06-06-gazette-notice-eftpos-access-regime.html
December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
Settlement of AUD transactions for a dealer's own account is effected through many different means, both direct and indirect. ... However, some direct cross-rate trading does occur, albeit in low volumes, against other currencies.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
Once the $50 million payment was processed, the sub-limit could be re-set to Debit $20 million — the same as the overdraft limit. ... While the RTGS system would eventually process all high-value payments in real time, payments taking place through the
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Media Releases
The Reserve Bank of Australia has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-24.html
Exclusion of Scheme Debit Transactions from Table C2: Explanatory Note
9 Mar 2023
Statistics
In 2008 the Retail Payments Statistics collection was revised to explicitly identify scheme debit transactions. ... debit transactions in 2009, compared with around $145 for credit and charge cards.
https://www.rba.gov.au/statistics/tables/exp-note/c2-note-120510.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
The Australian Debit Card Market: Default Settings and Tokenisation – Issues Paper
16 Jun 2023
Media Releases
The Bank has released an Issues Paper outlining some options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-14.html
Designation of Visa Debit Card Scheme in Australia
23 Feb 2004
Media Releases
Announcement that the RBA has designated the debit and credit card scheme operated in Australia by Visa International as a payment system under the Payment Systems (Regulation Act 1998)
https://www.rba.gov.au/media-releases/2004/mr-04-01.html
Reform of Debit Card Systems in Australia
7 Jul 2006
Media Releases
The Reserve Bank introduces reforms for scheme debit systems
https://www.rba.gov.au/media-releases/2006/mr-06-04.html
Dual-network Debit Cards
21 Aug 2013
Media Releases
At its meeting on 16 August, the Payments System Board welcomed the outcome of discussions that Bank staff have had involving the three debit card networks (eftpos, MasterCard and Visa) over dual-network debit cards
https://www.rba.gov.au/media-releases/2013/mr-13-16.html