Search: debit card
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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Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
Scheme debit cards use the processing infrastructure of the international card schemes, and can be used to undertake transactions over the internet and telephone (without a signature authorisation), as well as ... Scheme debit, however, had a competitive
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Debit Cards
20 Sep 2005
PSB Annual Report
– 2005
Payments System Board Annual Report – 2005 Debit Cards. During the year, the Bank released three draft standards applying to the debit card systems operating in Australia, and imposed an access regime ... In particular, merchants are not permitted to
https://www.rba.gov.au/publications/annual-reports/psb/2005/debit-cards.html
Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
The main focus has been on card payment systems – credit cards, debit cards (EFTPOS) and ATM networks – where earlier analysis by the Reserve Bank, in conjunction with the Australian Competition and ... in reforming debit card interchange fees at the
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
Recent data show that, from a merchant's perspective, credit card transactions cost several times as much as debit cards. ... b. 0.70. b. 0.65. Debit card. a. 0.26. 0.21. 0.47. 0.50.
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The study analysed interchange fee arrangements for ATM, credit cards and debit card payment networks separately. ... of other payment instruments, particularly debit cards and direct debits, that consume fewer resources.
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
The Cost of Card Payments for Merchants
15 Sep 2022
Bulletin
– September 2022
The average cost for a merchant to accept a card payment has declined over recent years.
https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
of interchange revenue if its customer used a scheme debit card rather than an EFTPOS card. ... MasterCard has also introduced a chip rate for its debit cards, applicable when a card with a chip is used in a terminal that is not chip enabled.
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
The Cost of Card Payments for Merchants
19 Mar 2020
Bulletin
– March 2020
Data on merchants’ costs of accepting card payments show large differences in payment costs across both merchants and card systems.
https://www.rba.gov.au/publications/bulletin/2020/mar/the-cost-of-card-payments-for-merchants.html
Other Retail Payments Developments
12 Sep 2014
PSB Annual Report
– 2014
The pricing of debit cards to consumers is less clear than credit cards because debit card services are generally bundled with a range of transaction and account services. ... These cards are largely promoted as enabling the cardholder to load foreign
https://www.rba.gov.au/publications/annual-reports/psb/2014/other-ret-pay-dev.html
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
The Board has also actively encouraged reforms in the Australian debit card network. ... The network structure and the direction of debit card interchange fee flows in Australia is unique.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html