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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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
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
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees – 21 March 2003 | Payments System | Submissions
21 Mar 2003
Submissions
The Reserve Bank can see no reason why debit card issuers, in a competitive market environment, should not do so. ... Merchants will therefore be significant direct beneficiaries of debit and credit card reform, taken together, in terms of the net costs
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/
Submission to the ACCC: Reform of Debit Card (EFTPOS) Interchange Fees - 21 March 2003
7 May 2008
Submissions
PDF
26KB
Reform of Debit Card (EFTPOS) Interchange Fees
https://www.rba.gov.au/publications/submissions/payments-system/eftpos-interchange-fees/pdf/eftpos-interchange-fees.pdf
A Guide to the Card Payments System Reforms
15 Mar 2011
Bulletin
PDF
274KB
Reserve Bank of Australia Bulletin September 2010
https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-7.pdf
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
But for credit and debit cards (the focus of the Bank's reforms) merchants are usually charged a ‘merchant service fee’ for every card payment they accept. ... a credit card than cardholders that pay interest on their credit card; the latter group
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
13 Jun 2023
Submissions
Furthermore, interchange fees for debit card transactions have hardly changed since the 1980s. ... Conclusion on the social cost of payment systems. Table 4 summarises the estimates of resource costs for cash, debit cards and credit card transactions.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
b) Does not include spending on companion cards that may accompany these card products. ... Consequently, partly reflecting the relative increase in price, credit card use has not grown by the same extent as debit card use over recent years (Graph 1).
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Payments System Reform: The Australian Experience
17 May 2005
Bulletin
PDF
53KB
Remarks by Dr Philip Lowe, Assistant Governor (Financial System) for the Federal Reserve Bank of Kansas City Conference on 'Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities? Santa Fe, 4-6 May 2005
https://www.rba.gov.au/publications/bulletin/2005/may/pdf/bu-0505-3.pdf