Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Regulatory Developments in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
European Economic Area (EEA), and to the domestic Visa credit card transactions of eight European Union (EU) member states. ... and credit card transactions to 0.20 per cent and 0.30 per cent of the transaction value, respectively.
https://www.rba.gov.au/publications/annual-reports/psb/2013/reg-dev-ret-pay.html
The Evolving Payments Landscape
21 Oct 2021
PSB Annual Report
– 2021
Payment cards are the most commonly used retail payment method in Australia, and debit cards are increasingly preferred to credit cards for many transactions. ... In most cases, customers use a mobile app to access these services and repayments are drawn
https://www.rba.gov.au/publications/annual-reports/psb/2021/the-evolving-payments-landscape.html
Competition and Co-operation in Retail Payments
25 Oct 2010
PSB Annual Report
– 2010
At that time, the Board required that the card schemes remove their so-called ‘honour all cards’ rules as they applied to debit and credit transactions. ... While scheme debit (and credit) cards are readily used for online payments, the use of EFTPOS
https://www.rba.gov.au/publications/annual-reports/psb/2010/competition-payments.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
The weighted-average interchange fee benchmark is 0.50 per cent for credit cards, and 8 cents for debit and prepaid cards. ... These benchmarks are supplemented by ceilings on individual interchange rates: 0.80 per cent for credit cards; and 15 cents, or
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Reserve Bank of Australia Annual Report 2021
29 Sep 2022
RBA Annual Report
2021
PDF
6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf
Developments in the Payments System
13 Sep 2007
PSB Annual Report
– 2007
Reflecting the stronger growth in debit card payments over recent years, the number of transactions on debit cards now exceeds the number on credit cards. ... Given the significantly larger average size of credit card purchases, the total value of
https://www.rba.gov.au/publications/annual-reports/psb/2007/dev-payments.html
Developments in Retail Payment Systems
8 Sep 2011
PSB Annual Report
– 2011
While the average value of a card transaction fell, this reflects the increasing share of debit card use relative to credit cards; the average transaction values of both credit and charge ... Also contributing to the divergence in debit and credit card
https://www.rba.gov.au/publications/annual-reports/psb/2011/dev-payments.html
Payments System Board Annual Report 2002 - Competition and Efficiency
22 Sep 2005
PSB Annual Report
2002
PDF
154KB
https://www.rba.gov.au/publications/annual-reports/psb/2002/pdf/competition.pdf
Payments System Board Annual Report 2010 - Developments in Retail Payment Systems
25 Oct 2010
PSB Annual Report
2010
PDF
363KB
https://www.rba.gov.au/publications/annual-reports/psb/2010/pdf/dev-payment.pdf
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html